Höegh LNG Partners LP

Höegh LNG Partners LP

Höegh LNG Partners LP

Overview
Date Founded

2014

Headquarters

Canon’s Court,22 Victoria Street,5th Floor,Hamilton HM 12

Type of Company

Public

Employees (Worldwide)

101 - 250

Industries

Marine Shipping
Oil & Gas
Other Transportation

Company Description

Höegh LNG Partners LP engages in undertaking of floating storage and re-gasification units (FSRUs). It operates through the Majority Held FSRUs, and Joint Venture FSRUs segments. The Majority Held FSRUs segment includes the direct financing lease related to the PGN FSRU Lampung and the operating leases related to the Hoegh Gallant and the Hoegh Grace. The Joint Venture FSRUs segment deals with financing lease related to the PGN FSRU Lampung and the operating lease related to the Hoegh Gallant. The company was founded on April 28, 2014 and is headquartered in Hamilton, Bermuda.

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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Senior Vice President, Legal Compliance

Board of Directors

Professional at North Haven Infrastructure Partners II Investors A LP

Director at The Drilling Company of 1972 A/S

President at Society of Maritime Arbitrators, Inc.

Group Chief Financial Officer at Persis Holdings Ltd.

Managing Director at Morgan Stanley Infrastructure, Inc.

Member, Board of Directors at Höegh LNG Partners LP

Investment Director at Höegh Capital Partners Ltd. (Investment Management)

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Owners & Shareholders
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Trajan Wealth LLC is an American private company located in Scottsdale, AZ. The firm provides investment advice. It was founded in 2010 by Jeffrey Brent Junior, he has been the CEO since the inception date.

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Taylor Frigon invests client assets in outstanding companies with excellent growth or income prospects. They take an analytical approach to stock selection, employing both qualitative and quantitative research. The firm invests for the long-term, but maintains disciplined risk management and sell criteria.Taylor Frigon focuses on investing in promising growth companies which clients can own for several years. They look for companies whose financial strength and strategic vision provides maximum potential for long-term capital appreciation. The firm uses traditional fundamental analysis and quantitative metrics to assess a company's business strategy and market position; evaluate its prospects for earnings, revenue growth and margin expansion; and compare its attributes to others in its industry. They seek to purchase outstanding, high-growth businesses, own them for many years and through multiple market cycles until their value is realized.For the income components of portfolios, Taylor Frigon considers companies with growing cash flows and strong balance sheets, along with histories of dividend increases. When utilizing bonds, preferred equity or convertibles, they generally take positions in issuers who demonstrate the ability to cover their liabilities with cash flow. Taylor Frigon uses closed end investment companies when opportunities arise to exploit wide discounts to the underlying net asset value and/or provide exceptionally high current yields.

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Trajan Wealth LLC is an American private company located in Scottsdale, AZ. The firm provides investment advice. It was founded in 2010 by Jeffrey Brent Junior, he has been the CEO since the inception date.

Recent Transactions
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Höegh LNG Partners LP purchases Höegh Lng Colombia Holding Ltd.

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Höegh LNG Partners LP purchases Mitsui O.S.K Lines Ltd. /Joint Ventures (2) from Mitsui O.S.K. Lines, Ltd.

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Höegh LNG Partners LP purchases Höegh Lng Colombia Holding Ltd. from Höegh LNG Holdings Ltd.

Transaction Advisors
Underwriter

Advised onHöegh LNG Partners LP issued USD Common Units

Escrow Agent

Advised onHöegh LNG Partners LP issued USD Common Units

Underwriter

Advised onHöegh LNG Partners LP issued USD Common Units

Head of the Natural Resources, Americas

Advised onHöegh LNG Partners LP issued . USD Common Units

Legal Advisor

Advised onHöegh LNG Partners LP issued USD Common Units

Professional

Advised onHöegh LNG Partners LP issued . USD Common Units

Clients

TotalEnergies SE engages in the exploration and production of fuels, natural gas and low carbon electricity. It operates through the following business segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals and Marketing & Services. The Exploration & Production segment encompasses oil and natural gas exploration and production activities. The Integrated Gas, Renewables & Power segment comprises integrated gas and low carbon electricity businesses. It also includes the upstream and midstream LNG activities. The Refining & Chemicals segment engages in the activities of refining, petrochemicals and specialty chemicals. This segment also includes the activities of oil supply, trading and marine shipping. The Marketing & Services segment includes the global activities of supply and marketing in the field of petroleum products. The company was founded on March 28, 1924 and is headquartered in Courbevoie, France.

Promigas SA ESP engages in the purchase, sale, transportation, distribution, exploitation and exploration of natural gas, oil and hydrocarbons in general and gas and oil activity in all its manifestations. It operates through the following segments: Gas Transportation, Gas Distribution, Integral Solutions for Industry and Power Generation, Energy distribution, and Non-Bank Financing. The company was founded in 1958 and is headquartered in Barranquilla, Colombia.

Höegh LNG Holdings Ltd. provides floating LNG infrastructure services, including regasification, transportation and production services under long-term contracts. It operates through four business segments: HMLP; Operations; Business Development and Project Execution; and Corporate and other. The HMLP segment includes the activities managed by Höegh LNG Partners LP. The Operations segment is responsible for the commercial and technical management of the group's FSRUs and LNGCs. The Business Development and Project Execution segment comprises all activities related to business development and project execution, including non-capital expenditure costs related to new buildings. The Corporate and other segment t includes corporate functions such as group management, group finance, legal and other administrative expense. LNG Holdings was founded on November 6, 2006 and is headquartered in Hamilton, Bermuda.

Key Stats and Financials As of 2020
Market Capitalization
$597M
Total Enterprise Value
$1.04B
Earnings Per Share
$1.45
Revenue
$143M
Net Profit
$63.2M
EBITDA
$109M
EBITDAMargin
76.37%
Total Debt
$433M
Total Equity
$493M
Enterprise Value / Sales
7.25x
Enterprise Value EBITDAOperating
9.5x
TEVNet Income
16.44x
Debt TEV
0.42x
Three Year Compounded Annual Growth Rate Of Revenue
-0.1%
Suppliers
Leif Höegh & Co. AS Marine Shipping | Oslo, Norway

Leif Höegh & Co. AS provides shipping services. The firm operates a fleet of vessels and offers transportation and logistic solutions to customers in the roll-on roll-off cargoes and liquefied natural gas segments. It also offers real estate and financial advisory services. The company was founded by Leif Høegh in 1927 and is headquartered in Oslo, Norway.

Competitors
Golar LNG Ltd. Marine Shipping - Hamilton, Bmu

Golar LNG-- We are one of the world’s largest independent owners and operators of LNG carriers with over 30 years of experience. We developed the world’s first Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. We lead the industry with committed projects. We are progressing plans to grow our business further upstream via Floating liquefaction (FLNG). Our strategic objective is to become an integrated midstream player in the LNG industry.

RWE AG Power & Utilities - Essen, Germany

RWE AG is a holding company, which engages in the generation, transmission, distribution, and trading of electricity and gas. It operates through the following segments: Lignite & Nuclear, European Power, Supply & Trading, Operations Acquired from E.ON and innogy. The Lignite & Nuclear segment covers electricity generation in Germany using lignite and nuclear power. The European Power segment comprises the electricity generation business in Germany, the U.K., the Netherlands, and Belgium using gas and hard coal power plants. The Supply & Trading segment concentrates on trading in electricity, natural gas, coal, oil, carbon dioxide certificates, and biomass. The Operations Acquired from E.ON segment is the renewable energy operations received from E.ON and its geographical focus is on North America and Europe. The innogy segment focuses on renewable energy, distribution networks, and retail. The company was founded in 1898 and is headquartered in Essen, Germany.

BW Group Ltd. Marine Shipping - Hamilton, Bermuda

BW Group Ltd. provides maritime transportation services. The firm operates BW Offshore and LPG, Hafnia, BW LNG and VLCC, BW Chemicals and Dry Cargo, and BW Fleet Management business areas. Its services include oil and gas transportation, floating gas infrastructure, environmental technologies, and deep water production. The company was founded by Y. K. Pao in 1955 and is headquartered in Hamilton, Bermuda.

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