Holly Energy Partners, L.P. (HEP) Tops Q4 EPS by 6c, Revenues Beat

Holly Energy Partners, L.P. (NYSE: HEP) reported Q4 EPS of $0.49, $0.06 better than the analyst estimate of $0.43. Revenue for the quarter came in at $127.5 million versus the consensus estimate of $124.97 million.

• Reported net income attributable to HEP of $51.3 million or $0.49 per unit
• Announced quarterly distribution of $0.35 per unit
• Reported EBITDA of $86.8 million and Adjusted EBITDA of $88.3 million

Commenting on our 2020 fourth quarter results, Michael Jennings, Chief Executive Officer, stated, “HEP delivered another quarter of solid financial and operational results demonstrating the strength and resiliency of HEP's business model. Our assets continue to generate strong and steady cash flows, and we believe we are well positioned to progress our deleveraging efforts while continuing to fully fund our quarterly distributions and our anticipated capital expenditures.

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

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