Holly Energy Partners, L.P. (HEP) Misses Q4 EPS by 11c

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Go back to Holly Energy Partners, L.P. (HEP) Misses Q4 EPS by 11c

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

February 21, 2017 6:30 AM EST

DALLAS--(BUSINESS WIRE)-- Holly Energy Partners, L.P. (HEP or the Partnership) (NYSE: HEP) today reported financial results for the fourth quarter of 2016. Net income attributable to Holly Energy Partners for the fourth quarter was $41.4 million ($0.40 per basic and diluted limited partner unit) compared to $40.5 million ($0.49 per basic and diluted limited partner unit) for the fourth quarter of 2015.

Distributable cash flow was $58.5 million, an increase of $4.9 million, or 9.2% compared to the fourth quarter of 2015. HEP announced its 49th consecutive distribution increase on January 26, 2017, raising the quarterly distribution from $0.595 to $0.6075 per unit, representing a 7.5%... More