Holly Energy Partners, L.P. (HEP) Tops Q1 EPS by 7c
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Holly Energy Partners, L.P. Reports First Quarter Results
May 3, 2016 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- Holly Energy Partners, L.P. (HEP or the Partnership) (NYSE: HEP) today reported financial results for the first quarter of 2016. For the quarter, distributable cash flow was $55.4 million, up $9.5 million, or 21% compared to the first quarter of 2015. HEP announced its 46th consecutive distribution increase on April 22, 2016, raising the quarterly distribution from $0.565 to $0.575 per unit, which represents an increase of 7.0% over the distribution for the first quarter of 2015.
Net income attributable to Holly Energy Partners for the first quarter was $42.8 million ($0.52 per basic and diluted limited partner unit) compared to $31.6 million ($0.37 per... More
