Höegh LNG - Interim results for the quarter
ended 30 September 2016

17.11.2016

Stock Exchange release


Highlights
• EBITDA of USD 26.5 million, which is in line with USD 27.0 million in the previous quarter
• Profit after tax of USD 3.3 million, which is in line with USD 3.5 million in the previous quarter
• Dividend of USD 0.10 per share paid for the third quarter of 2016

Subsequent events
• Dividend of USD 0.10 per share declared for the fourth quarter of 2016
• Höegh Grace entered the commissioning phase under the SPEC contract in Colombia
• HMLP made a shelf registration filing with the SEC

The President and CEO of Höegh LNG Holdings Ltd. ("Höegh LNG"), Sveinung J. S. Støhle, said in a comment: "We continue to focus on operational excellence and project execution, and are proud to have a technical availability across our fleet of close to 100%, which forms the basis for the stable operating results and dividend payments. With plenty of LNG being available at competitive prices, our customers continue to increase the throughput rate on our FSRU fleet, further reinforcing the economic attractiveness of FSRUs. Höegh Grace is currently in the commissioning phase and that addition takes our FSRU fleet on long term contracts to six units. By delivering on our growth strategy we continue to strengthen our operational platform, as well as creating the basis for accretive drop-downs to Höegh LNG Partners LP."

About Höegh LNG:
Höegh LNG provides floating energy solutions and operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the industry leader of floating LNG solutions and the strategy is to continue to focus growth plans on the FSRU market, with the objective of securing long-term contracts with strong counterparts at attractive returns. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, Indonesia, Lithuania, Egypt and Colombia. The company employs approximately 110 office staff and 500 seafarers

Höegh LNG press release


Image by Höegh LNG