Holly Energy Partners, L.P. (HEP) Tops Q2 EPS by 2c
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Holly Energy Partners, L.P. Reports Second Quarter Results
August 2, 2016 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- Holly Energy Partners, L.P. (HEP or the Partnership) (NYSE: HEP) today reported financial results for the second quarter of 2016. Net income attributable to Holly Energy Partners for the second quarter was $39.1 million ($0.45 per basic and diluted limited partner unit) compared to $30.2 million ($0.34 per basic and diluted limited partner unit) for the second quarter of 2015.
Distributable cash flow was $55.7 million for the quarter, up $8.4 million, or 18% compared to the second quarter of 2015. HEP announced its 47th consecutive distribution increase on July 22, 2016, raising the quarterly distribution from $0.575 to $0.585 per unit, which... More
