Holly Energy Partners (HEP) Reports In-Line Q1 EPS

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Go back to Holly Energy Partners (HEP) Reports In-Line Q1 EPS

Holly Energy Partners, L.P. Reports First Quarter Results

May 5, 2015 8:00 AM EDT

DALLAS--(BUSINESS WIRE)-- Holly Energy Partners, L.P. (HEP or the Partnership) (NYSE: HEP) today reported financial results for the first quarter of 2015. For the quarter, distributable cash flow was $45.9 million, up $4.1 million, or 10% compared to the first quarter of 2014. HEP announced its 42nd consecutive distribution increase on April 23, 2015, raising the quarterly distribution from $0.530 to $0.5375 per unit, representing a 6% increase over the distribution for the first quarter of 2014.

Net income attributable to Holly Energy Partners for the first quarter was $31.8 million ($0.37 per basic and diluted limited partner unit) compared to $24.1 million ($0.27 per basic and... More