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

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Go back to Holly Energy Partners, L.P. Reports First Quarter Results

Holly Energy Partners, L.P. (HEP) Tops Q1 EPS by 6c, Revenues Beat

May 1, 2019 6:43 AM EDT

Holly Energy Partners, L.P. (NYSE: HEP) reported Q1 EPS of $0.49, $0.06 better than the analyst estimate of $0.43. Revenue for the quarter came in at $134.5 million versus the consensus estimate of $128.54 million.

Looking forward, we remain optimistic about our organic growth potential. HEP remains on track to continue growing our distribution while maintaining a distribution coverage ratio of 1.0x for the full year 2019.

First Quarter 2019 Revenue Highlights

Revenues for the quarter were $134.5 million, an increase of $5.6 million compared to the first quarter of 2018. The increase was mainly attributable to higher crude oil pipeline... More