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

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

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

May 1, 2018 6:30 AM EDT

DALLAS--(BUSINESS WIRE)-- Holly Energy Partners, L.P. (HEP or the Partnership) (NYSE: HEP) today reported financial results for the first quarter of 2018. Net income attributable to HEP for the first quarter was $46.2 million ($0.44 per basic and diluted limited partner unit) compared to $25.6 million ($0.13 per basic and diluted limited partner unit) for the first quarter of 2017.

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... More