Holly Energy Partners, L.P. (HEP) Tops Q4 EPS by 1c, Revenues Beat
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Holly Energy Partners, L.P. Reports Fourth Quarter Results
February 19, 2019 6:30 AM ESTDALLAS--(BUSINESS WIRE)-- Holly Energy Partners, L.P. (HEP or the Partnership) (NYSE: HEP) today reported financial results for the fourth quarter of 2018. Net income attributable to HEP for the fourth quarter was $47.5 million ($0.45 per basic and diluted limited partner unit) compared to $86.1 million ($0.96 per basic and diluted limited partner unit) for the fourth quarter of 2017.
Distributable cash flow was $64.2 million for the quarter, down $1.3 million, or 2.0%, compared to the fourth quarter of 2017. HEP announced its 57th consecutive distribution increase on January 24, 2019, raising the quarterly distribution from $0.665 to $0.6675 per unit, which represents an... More
