 HAMILTON, Bermuda, May 27, 2021 PRNewswire -- Höegh LNG Partners LP NYSE: HMLP the Partnership today reported its financial results for the quarter ended March 31, 2021. Highlights Continued measures to mitigate the risks from the COVID-19 pandemic and ensure health and safety of crews and staff, whose wellbeing is our highest priority No reported cases of COVID-19; 100 availability of FSRUs for the first quarter of 2021 Reported total time charter revenues of 34.8 million for the first quarter of 2021 compared to 36.7 million of time charter revenues for the first quarter of 2020 Generated operating income of 31.7 million, net income of 23.8 million and limited partners interest in net income of 20.0 million for the first quarter of 2021 compared to operating income of 13.4 million, net income of 5.5 million and limited partners interest in net income of 1.8 million for the first quarter of 2020 Operating income, net income and limited partners interest in net income were impacted by unrealized gains on derivative instruments for the first quarter of 2021 compared with unrealized losses on derivative instruments for the first quarter of 2020 mainly on the Partnerships share of equity in earnings losses of joint ventures Excluding the impact of unrealized gains losses on derivative instruments for the first quarter of 2021 and 2020 impacting the equity in earnings losses of joint ventures, operating income would have been 24.1 million for the three months ended March 31, 2021, a decrease of 1.1 million from 25.2 million for the three months ended March 31, 2020 Generated Segment EBITDA1 of 34.5 million for the first quarter of 2021, a decrease of 1.6 million from 36.1 million for the first quarter of 2020 On May 14, 2021, paid a 0.44 per unit distribution on common units with respect to the first quarter of 2021, equivalent to 1.76 per unit on an annualized basis On May 17, 2021, paid a distribution of 0.546875 per 8.75 Series A cumulative redeemable preferred unit the Series A preferred unit, for the period commencing on February 15, 2021 to May 14, 2021 Sveinung Støhle, Chief Executive Officer stated: In the first quarter of 2021, Höegh LNG Partners fleet of modern, full-size FSRUs once again achieved 100 availability, providing us with consistent cash flows and strong support for our quarterly distributions to unitholders. 