UPDATE: JPMorgan Downgrades Holly Energy Partners (HEP) to Underweight

HollyFrontier Corporation Reports Quarterly Results

Reported net income attributable to HollyFrontier stockholders of $168.9 million, or $1.03 per diluted share, and adjusted net income of $143.0 million, or $0.87 per diluted share, for the second quarter Reported EBITDA of $444.3 million and Adjusted EBITDA of $334.5 million for the second quarter

DALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported second quarter net income attributable to HollyFrontier stockholders of $168.9 million, or $1.03 per diluted share, for the quarter ended June 30, 2021, compared to a net loss of $(176.7) million, or $(1.09) per diluted share, for the quarter... More

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

Reported net income attributable to HEP of $55.7 million or $0.53 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $88.1 million and Adjusted EBITDA of $88.3 million

DALLAS--(BUSINESS WIRE)-- Holly Energy Partners, L.P. (HEP or the Partnership) (NYSE: HEP) today reported financial results for the second quarter of 2021. Net income attributable to HEP for the second quarter of 2021 was $55.7 million ($0.53 per basic and diluted limited partner unit), compared to $76.5 million ($0.73 per basic and diluted limited partner unit) for the second quarter of... More

Sinclair Oil Corporation to Combine Refining and Logistics Assets and Related Operations with HollyFrontier Corporation and Holly Energy Partners, L.P.

SALT LAKE CITY--(BUSINESS WIRE)-- The Sinclair Companies, a privately held company that wholly owns Sinclair Oil Corporation, today announced that it has entered into definitive agreements to combine substantially all of Sinclair Oils refining, renewable diesel, and logistics assets with those of HollyFrontier Corporation (NYSE: HFC) (HollyFrontier) and Holly Energy Partners, L.P. (NYSE: HEP) (HEP), a HollyFrontier-affiliated midstream master limited partnership. As part of the transaction, HollyFrontier will form a new parent company called HF Sinclair Corporation (HF Sinclair), which will replace HollyFrontier as the public company trading... More

HollyFrontier Corporation and Holly Energy Partners Announce Combination with Sinclair Oil and Formation of HF Sinclair Corporation

Creates leading integrated downstream petroleum and renewable fuels company to be named HF Sinclair Corporation Provides growth to Holly Energy Partners through Sinclairs integrated crude and refined products midstream business HollyFrontier and HEP announce new plans for capital return to shareholders HollyFrontier and HEP to Host Investor Conference Call Today at 7:30 AM CT / 8:30 AM ET

DALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier) and Holly Energy Partners, L.P. (NYSE: HEP) (HEP), today announced they have entered into... More