Holly Energy Partners, L.P. (HEP) Reports In-Line Q1 EPS

Holly Energy Partners, L.P. (NYSE: HEP) reported Q1 EPS of $0.44, in-line with the analyst estimate of $0.44. Revenue for the quarter came in at $128.9 million versus the consensus estimate of $120.95 million.

Distributable cash flow was $69.1 million for the quarter, up $11.8 million, or 20.6% compared to the first quarter of 2017. HEP announced its 54th consecutive distribution increase on April 19, 2018, raising the quarterly distribution from $0.650 to $0.655 per unit, which represents an increase of 5.6% over the distribution for the first quarter of 2017.

For earnings history and earnings-related data on Holly Energy Partners, L.P. (HEP) click here.

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