The 5th-Ranked LNG Carrier Stock on a Year-to-Date Basis


Apr. 5 2018, Updated 10:31 a.m. ET

YTD performance

Among LNG carrier stocks, Hoegh LNG Partners (HMLP) is the fifth-ranked stock on a year-to-date basis. It had a year-to-date (or YTD) return of ~-15.0% on March 26, 2018. 

HMLP ranks behind GasLog Partners (GLOP), Golar LNG (GLNG), Dynagas LNG Partners (DLNG), and Teekay LNG Partners (TGP), which had YTD returns of -5.8%, -7.1%, -7.3%, and -9.4%, respectively.

HMLP has underperformed the shipping ETF as well as the broad equity market indexes. Since December 31, 2017, the Guggenheim Shipping ETF (SEA) has given a return of ~-8.5%. On March 26, 2018, the Dow Jones Industrial Average (DIA) fell ~2.3%, and the SPDR S&P 500 ETF (SPY) fell 0.66% on the same date.

Article continues below advertisement

About HMLP

Hoegh LNG Partners is an MLP that provides floating LNG services under long-term contracts. Hoegh LNG Partners owns and operates floating storage and regasification units. These units serve as floating LNG import terminals.

Dividend yields

MLPs are popular among income investors who seek tax advantages and healthy dividend yields. On March 26, 2018, Hoegh LNG Partners (HMLP) had a dividend yield of ~10.8%. Following are the dividend yields for other LNG carrier companies:

  • Golar LNG Partners (GMLP): ~13.3%
  • Dynagas LNG Partners (DLNG): ~16.8%
  • Teekay LNG Partners (TGP): ~3.1%

Results in 4Q17

Höegh LNG Partners reported total time charter revenues of $37.6 million, compared with $23.3 million in 4Q16. It generated operating income of $29.7 million and net income of $25.4 million.

In October 2017, Höegh LNG Partners raised proceeds of $11.4 million from the issuance of Series A cumulative preferred units. In December 2017, HMLP acquired the remaining 49.0% of the ownership interest in Höegh LNG Colombia. 

In January 2018, the company commenced an at-the-market common and preferred unit offering program. In February, the company paid a distribution of $0.43 per unit (equivalent to $1.72 on an annual basis).


More From Market Realist

  • Amish men and children in a buggy
    Do Amish and Mennonite Communities Pay Taxes? Yes, and Here's How
  • Table Jack on 'Shark Tank'
    ‘Shark Tank’ Sharks Thought Table Jack Was a Wobbly Business Prospect
  • Woman using a DrainWig in a shower
    DrainWig Hasn’t Gone Down the Drain Since ‘Shark Tank’
  • Element Bars' Jonathan Miller on 'Shark Tank'
    ‘Shark Tank’ Stars Said Element Bars’ Valuation Was 'Insane'
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.