Holly Energy Partners, L.P. (HEP) Misses Q2 EPS by 2c, Miss on Revenues

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Go back to Holly Energy Partners, L.P. (HEP) Misses Q2 EPS by 2c, Miss on Revenues

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

August 1, 2018 6:30 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 2018. Net income attributable to HEP for the second quarter was $40.1 million ($0.38 per basic and diluted limited partner unit) compared to $41.3 million ($0.36 per basic and diluted limited partner unit) for the second quarter of 2017.

Distributable cash flow was $65.2 million for the quarter, up $4.3 million, or 7.0% compared to the second quarter of 2017. HEP announced its 55th consecutive distribution increase on July 19, 2018, raising the quarterly distribution from $0.655 to $0.660 per unit, which represents an... More