Hoegh LNG Partners post profit

Hoegh LNG Partners post profit

Höegh LNG Partners, a unit of Höegh LNG, reported a net income for the three months ended June 30 of $16.3 million, an increase of $23.6 million from a net loss of $7.3 million in 2014.

Operating income for the second quarter was $18.7 million, an increase of $23.9 million from an operating loss of $5.2 million for the three months ended June 30, 2014.

Adjusted EBITDA was at $16 million, an increase of $9.9 million from the second quarter of 2014.

Richard Tyrrell, Chief Executive Officer and Chief Financial Officer stated: “The Partnership received full hire for all three FSRUs in the second quarter. The GDF Suez Neptune completed a scheduled modification and dry-docking in the second quarter while the GDF Suez Cape Ann and PGN FSRU Lampung continue to serve in China and Indonesia, respectively.”

LNG World News Staff; Image: Höegh LNG

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