Hoegh LNG Partners LP (Hoegh LNG Partners LP) Pre-Tax Income : $68.6 Mil (TTM As of Sep. 2022)

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What is Hoegh LNG Partners LP Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Hoegh LNG Partners LP's pretax income for the three months ended in Sep. 2022 was $12.4 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2022 was $68.6 Mil. Hoegh LNG Partners LP's pretax margin was 33.61%.

During the past 10 years, Hoegh LNG Partners LP's highest Pretax Margin was 78.46%. The lowest was 2.41%. And the median was 51.84%.

Hoegh LNG Partners LP Pre-Tax Income Historical Data

The historical data trend for Hoegh LNG Partners LP's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hoegh LNG Partners LP Pre-Tax Income Chart

Hoegh LNG Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Pre-Tax Income

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63.07

85.93

60.02

68.71

76.29

Hoegh LNG Partners LP Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Pre-Tax Income	Get a 7-Day Free Trial															20.18	16.69	22.98	16.47	12.42

Competitive Comparison of Hoegh LNG Partners LP's Pre-Tax Income

For the Oil & Gas Midstream subindustry, Hoegh LNG Partners LP's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hoegh LNG Partners LP's Pre-Tax Income Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hoegh LNG Partners LP's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Hoegh LNG Partners LP's Pre-Tax Income falls into.

Hoegh LNG Partners LP Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Hoegh LNG Partners LP's Pretax Income for the fiscal year that ended in Dec. 2021 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	77.263	+	25.858	+	-19.901	+	0.553	+	-7.488
	=	76.3

Hoegh LNG Partners LP's Pretax Income for the quarter that ended in Sep. 2022 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	15.751	+	1.772	+	-5.532	+	0.426	+	0
	=	12.4

Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $68.6 Mil.

Hoegh LNG Partners LP (NYSE:HMLP) Pre-Tax Income Explanation

Hoegh LNG Partners LP's Pretax Margin for the quarter that ended in Sep. 2022 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	12.417	/	36.947
	=	33.61%

During the past 10 years, Hoegh LNG Partners LP's highest Pretax Margin was 78.46%. The lowest was 2.41%. And the median was 51.84%.

Hoegh LNG Partners LP Pre-Tax Income Related Terms

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Hoegh LNG Partners LP (Hoegh LNG Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hoegh LNG Partners LP (NYSE:HMLP) » Definitions » Pre-Tax Income

Comparable Companies

GPP GLOP TNP TK NGL BKEP OSG SMLP MMLP DLNG TSX:ENB EPD TSX:TRP WMB KMI ET LNG MPLX OKE CQP

Traded in Other Exchanges

HMLPF.PFD:USA

Address

22 Victoria Street, Canon's Court, Hamilton, BMU, HM 12

Website

https://www.hoeghlngpartners.com

Hoegh LNG Partners LP own and operate floating storage and regasification units (FSRUs), under long-term charters. The company's primary business objective is making accretive acquisitions of FSRUs, LNG carriers and other LNG infrastructure assets with long-term charters. It has two segments, which are the Majority held FSRUs and the Joint venture FSRUs. The Majority held FSRUs segment is a key revenue driver which includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease-related to the Hoegh Gallant. The Joint venture FSRUs segment includes approximately two FSRUs, including the GDF Suez LNG Supply S.A. (GDF Suez) Neptune and the GDF Suez Cape Ann, which operate under long-term time charters.