Holly Energy Partners, L.P. (HEP) Misses Q2 EPS by 2c, Miss on Revenues

Holly Energy Partners, L.P. (NYSE: HEP) reported Q2 EPS of $0.38, $0.02 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $118.76 million versus the consensus estimate of $123.39 million.

“Looking forward, we expect the continued strength in crude gathering, combined with contractual tariff escalators effective in the third quarter, will drive a strong rebound in earnings growth and our distribution coverage ratio, which we expect to be greater than 1.0x for the second half of the year.”

For earnings history and earnings-related data on Holly Energy Partners, L.P. (HEP) click here.

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