Holly Energy Partners, L.P. (HEP) Tops Q3 EPS by 26c

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Go back to Holly Energy Partners, L.P. (HEP) Tops Q3 EPS by 26c

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

October 31, 2017 6:30 AM EDT

DALLAS--(BUSINESS WIRE)-- Holly Energy Partners, L.P. (HEP or the Partnership) (NYSE: HEP) today reported financial results for the third quarter of 2017. Net income attributable to HEP for the third quarter was $42.1 million ($0.66 per basic and diluted limited partner unit) compared to $34.8 million ($0.33 per basic and diluted limited partner unit) for the third quarter of 2016.

Distributable cash flow was $59.2 million for the quarter, up $10.0 million, or 20.3% compared to the third quarter of 2016. HEP announced its 52nd consecutive distribution increase on October 26, 2017, raising the quarterly distribution by $0.0125 to $0.6450 per unit, which represents an... More