Holly Energy Partners, L.P. (HEP) Reports In-Line Q3 EPS, Slight Beat on Revenues

Holly Energy Partners, L.P. (NYSE: HEP) reported Q3 EPS of $0.43, in-line with the analyst estimate of $0.43. Revenue for the quarter came in at $125.8 million versus the consensus estimate of $127.55 million.

Commenting on our 2018 third quarter results, George Damiris, Chief Executive Officer, stated, “HEP delivered solid financial results in the third quarter, which allowed us to maintain our record of consecutive quarterly distribution increases. Despite seasonal headwinds and the Woods Cross refinery running at lower throughput, third quarter results highlight the cash flow stability of HEP’s business model.

“Looking forward, we anticipate higher earnings and distributable cash flow in the fourth quarter. HEP remains on track to report a distribution coverage ratio of 1.0x for the full year 2018.”

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

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