Holly Energy Partners, L.P. (HEP) Tops Q3 EPS by 2c

Holly Energy Partners, L.P. (NYSE: HEP) reported Q3 EPS of $0.35, $0.02 better than the analyst estimate of $0.33. Revenue for the quarter came in at $82.1 million versus the consensus estimate of $81.9 million.

Commenting on the third quarter of 2014, Mike Jennings, Chief Executive Officer, stated, “We are pleased our financial results for the third quarter of 2014 allowed us to maintain our record of raising quarterly distributions. Our expanded New Mexico gathering system is now substantially complete, and we continue to see increasing volumes. Additionally, we are pursuing potential new growth opportunities that leverage our capabilities and HollyFrontier Corporation's refining footprint."

“As we look forward, we believe HEP is well positioned for continued growth due to the quality and geographic location of our assets, our talented employee base, and our financially strong and supportive general partner, HollyFrontier."

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

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