Holly Energy Partners, L.P. (HEP) Tops Q1 EPS by 16c, Revenues Beat

Holly Energy Partners, L.P. (NYSE: HEP) reported Q1 EPS of $0.61, $0.16 better than the analyst estimate of $0.45. Revenue for the quarter came in at $127.18 million versus the consensus estimate of $123.38 million.

Commenting on our 2021 first quarter results, Michael Jennings, Chief Executive Officer, stated, "HEP delivered solid results for the quarter, underpinned by our long-term minimum volume commitment contracts across our asset base. During the quarter, refined product volumes improved and we are optimistic for continued improvement of refined product demand in our markets as we head into the summer driving season. Looking forward, we believe we are well positioned to continue reducing leverage after capital investments and distributions."

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

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