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Höegh LNG Partners: The Best-Performing LNG Carrier Stock in 2018

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Jul. 2 2018, Updated 7:34 a.m. ET

Series overview

In this series, we’ll look at the top five LNG carrier stocks on a year-to-date basis. On June 26, Dynagas LNG Partners (DLNG) and Golar LNG (GMLP) Partners gave YTD (year-to-date) returns of -23.9% and -31.8%, respectively. These two stocks didn’t make it into the top five in our survey.

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Year-to-date performance

Although Höegh LNG Partners (HMLP) has a negative return since the start of the year, it was still the best-performing stock on a YTD basis among the LNG carrier companies. It reported a YTD return of ~-2.4% on June 26.

Höegh LNG Partners has outperformed the shipping ETF but underperformed the broad equity market indexes. Since the start of the year, the Invesco Shipping ETF (SEA) has fallen 11.2%. Through June 26, the Dow Jones Industrial Average (DIA) has fallen 1.9%, and the SPDR S&P 500 ETF (SPY) has risen 1.8% during the same period.

About HMLP

Höegh LNG Partners is an MLP that provides floating LNG services under long-term contracts. The company owns and operates floating storage and regasification units, which serve as floating LNG import terminals.

Dividend yields

MLPs are popular among income investors who seek tax advantages and healthy dividend yields. On June 26, Höegh LNG Partners (HMLP) had a dividend yield of ~9.6%. Following are the dividend yields for other LNG carrier companies:

  • Golar LNG Partners (GMLP): ~14.6%
  • Dynagas LNG Partners (DLNG): ~12.1%
  • Teekay LNG Partners (TGP): ~3.4%
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