Holly Energy Partners, L.P. (HEP) Reports In-Line Q3 EPS, Slight Beat on Revenues
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Holly Energy Partners, L.P. Reports Third Quarter Results
October 30, 2018 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- Holly Energy Partners, L.P. (HEP or the Partnership) (NYSE: HEP) today reported financial results for the third quarter of 2018. Net income attributable to HEP for the third quarter was $45.0 million ($0.43 per basic and diluted limited partner unit) compared to $42.1 million ($0.66 per basic and diluted limited partner unit) for the third quarter of 2017.
Distributable cash flow was $66.6 million for the quarter, up $7.4 million, or 12.4% compared to the third quarter of 2017. HEP announced its 56th consecutive distribution increase on October 19, 2018, raising the quarterly distribution from $0.660 to $0.665 per unit, which represents an... More
