Holly Energy Partners, L.P. (HEP) Reports In-Line Q2 EPS

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

August 4, 2015 8:01 AM EDT

DALLAS--(BUSINESS WIRE)-- Holly Energy Partners, L.P. (HEP or the Partnership) (NYSE: HEP) today reported financial results for the second quarter of 2015. For the quarter, distributable cash flow was $47.3 million, up $3.8 million, or 9% compared to the second quarter of 2014. HEP announced its 43rd consecutive distribution increase on July 23, 2015, raising the quarterly distribution from $0.5375 to $0.5450 per unit, which represents an increase of nearly 6% over the distribution for the second quarter of 2014.

Net income attributable to Holly Energy Partners for the second quarter was $30.4 million ($0.34 per basic and diluted limited partner unit) compared to $23.0 million... More