Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations in Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Idaho, and Washington. It operates through two segments, Pipelines and Terminals, and Refinery Processing Units. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as distillates, such as high- and low-sulfur diesel and jet fuels, and liquefied petroleum gases; intermediate product pipelines that transport intermediate feedstocks and crude oils; and oil trunk, gathering, and connection pipelines that delivers crude oil. It operates 26 main pipelines; crude gathering networks; 10 refined product terminals; 1 crude terminal; 31,800 track feet of rail storage; 7 locations with truck and/or rail racks; and tankages at 6 refining facility locations, as well as 5 refinery processing units. Holly Energy Partners, L.P. was incorporated in 2004 and is based in Dallas, Texas.
IPO Year: 2004
Exchange: NYSE
Website: hollyenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2022 | $19.00 | Neutral | Citigroup |
| 2/23/2022 | $21.00 → $20.00 | Outperform | Raymond James |
| 1/20/2022 | $20.00 → $17.00 | Equal-Weight → Underweight | Barclays |
| 12/16/2021 | $22.00 | Equal-Weight → Overweight | Wells Fargo |
| 10/19/2021 | $19.00 → $20.00 | Overweight → Equal-Weight | Barclays |
| 8/10/2021 | $21.00 → $20.00 | Neutral | Credit Suisse |
| 8/4/2021 | $22.00 → $21.00 | Outperform | Raymond James |
| 8/4/2021 | $24.00 → $20.00 | Neutral → Underweight | JP Morgan |
| 6/24/2021 | $21.00 → $22.00 | Equal-Weight | Wells Fargo |
Reported net income attributable to HEP of $50.2 million or $0.40 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $82.2 million and Adjusted EBITDA of $103.2 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the second quarter of 2023. Net income attributable to HEP for the second quarter of 2023 was $50.2 million ($0.40 per basic and diluted limited partner unit), compared to $56.8 million ($0.45 per basic and diluted limited partner unit) for the second quarter of 2022. The decrease in net income attributable to HEP was mainly due to higher interest expense associated with higher inte
Reported net income attributable to HEP of $57.5 million or $0.45 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $87.8 million and Adjusted EBITDA of $108.4 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the first quarter of 2023. Net income attributable to HEP for the first quarter of 2023 was $57.5 million ($0.45 per basic and diluted limited partner unit), compared to $49.6 million ($0.45 per basic and diluted limited partner unit) for the first quarter of 2022. The increase in net income attributable to HEP was mainly due to net income from Sinclair Transportation Company LLC ("
Reported net income attributable to HEP of $68.5 million or $0.54 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $88.6 million and Adjusted EBITDA of $115.7 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the fourth quarter of 2022. Net income attributable to HEP for the fourth quarter was $68.5 million ($0.54 per basic and diluted limited partner unit) compared to $45.6 million ($0.43 per basic and diluted limited partner unit) for the fourth quarter of 2021. Distributable cash flow was $85.8 million for the fourth quarter of 2022, an increase of $22.7 million, or 36.1%, compared to the
Reported net income attributable to HEP of $42.0 million or $0.33 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $66.0 million and Adjusted EBITDA of $110.1 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the third quarter of 2022. Net income attributable to HEP for the third quarter of 2022 was $42.0 million ($0.33 per basic and diluted limited partner unit), compared to $49.2 million ($0.46 per basic and diluted limited partner unit) for the third quarter of 2021. Results for the third quarter of 2022 reflect the impact to our equity in earnings of equity method investments of HEP's 50
Reported net income attributable to HEP of $56.8 million or $0.45 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $79.8 million and Adjusted EBITDA of $104.2 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the second quarter of 2022. Net income attributable to HEP for the second quarter of 2022 was $56.8 million ($0.45 per basic and diluted limited partner unit), compared to $55.7 million ($0.53 per basic and diluted limited partner unit) for the second quarter of 2021. Results for the second quarter of 2021 reflect a gain of $5.3 million related to the sale of a refined product pipeli
Reported net income attributable to HEP of $49.6 million or $0.45 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $72.8 million and Adjusted EBITDA of $85.3 million Closed the acquisition of Sinclair Transportation Company LLC Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the first quarter of 2022. Net income attributable to HEP for the first quarter of 2022 was $49.6 million ($0.45 per basic and diluted limited partner unit), compared to $64.4 million ($0.61 per basic and diluted limited partner unit) for the first quarter of 2021. Results for the first quarter of 2021 reflect special ite
Reported net income attributable to HEP of $45.6 million or $0.43 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $70.8 million and Adjusted EBITDA of $79.7 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the fourth quarter of 2021. Net income attributable to HEP for the fourth quarter was $45.6 million ($0.43 per basic and diluted limited partner unit) compared to $51.3 million ($0.49 per basic and diluted limited partner unit) for the fourth quarter of 2020. Distributable cash flow was $63.1 million for the quarter, a decrease of $6.9 million, or 9.9%, compared to the fourth quarter o
CIBC Atlas Select MLP Index is used as the underlying index in the iPath Select MLP ETNs (ticker: ATMP) Barclays Bank PLC announced today that during the next quarterly CIBC Atlas Select MLP Index (the "Index") rebalancing period, which will commence following the close of business on Friday, January 14, 2022 (the "Rebalancing Date"), the following changes will be made to the constituents in the Index. The following index constituents will be added to the Index: Antero Midstream Corp (NYSE:AM) Equitrans Midstream Corp (NYSE:ETRN) The following index constituent will be removed from the Index: Holly Energy Partners LP (NYSE:HEP) The iPath Select MLP ETNs (the "ETNs") are linked t
Reported net income attributable to HEP of $49.2 million or $0.46 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $77.6 million and Adjusted EBITDA of $83.3 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the third quarter of 2021. Net income attributable to HEP for the third quarter of 2021 was $49.2 million ($0.46 per basic and diluted limited partner unit), compared to $17.8 million ($0.17 per basic and diluted limited partner unit) for the third quarter of 2020. Net income attributable to HEP for the third quarter of 2020 included a goodwill impairment charge of $35.7 million related
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 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 2020. The second quarter results reflect a gain of $5.3 million related to the sale of a 6-inch refined product pipeline that c
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") today announced the appointment of Atanas H. Atanasov as Executive Vice President and Chief Financial Officer of HF Sinclair effective September 30, 2022, and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP") today announced the appointment of Michael C. Jennings as President of Holly Logistic Services, L.L.C. ("HLS") effective today. HLS is the ultimate general partner of HEP. Mr. Atanasov currently serves as Chief Financial Officer of Lummus Technology LLC, a global chemical technologies company for the petrochemical and energy industries, a position he has held since April 2022. Prior to joining Lummus, Mr. Atanasov served as the Executiv
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
Citigroup initiated coverage of Holly Energy Partners with a rating of Neutral and set a new price target of $19.00
Raymond James reiterated coverage of Holly Energy Partners with a rating of Outperform and set a new price target of $20.00 from $21.00 previously
Barclays downgraded Holly Energy Partners from Equal-Weight to Underweight and set a new price target of $17.00 from $20.00 previously
Wells Fargo upgraded Holly Energy Partners from Equal-Weight to Overweight and set a new price target of $22.00
Barclays downgraded Holly Energy Partners from Overweight to Equal-Weight and set a new price target of $20.00 from $19.00 previously
Credit Suisse reiterated coverage of Holly Energy Partners with a rating of Neutral and set a new price target of $20.00 from $21.00 previously
Raymond James reiterated coverage of Holly Energy Partners with a rating of Outperform and set a new price target of $21.00 from $22.00 previously
JP Morgan downgraded Holly Energy Partners from Neutral to Underweight and set a new price target of $20.00 from $24.00 previously
Wells Fargo reiterated coverage of Holly Energy Partners with a rating of Equal-Weight and set a new price target of $22.00 from $21.00 previously
Wells Fargo downgraded Holly Energy Partners from Overweight to Equal-Weight and set a new price target of $21.00 from $20.00 previously
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OVERLAND PARK, KS / ACCESSWIRE / November 30, 2023 / TortoiseEcofin today announced that Holly Energy Partners LP (NYSE:HEP) will be removed from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by HF Sinclair Corp (NYSE:DINO). Due to the acquisition, HEP will be removed from indices at market open on Friday, December 1, 2023.For the Tortoise MLP Index® (TMLP), HEP will be removed with a special rebalancing.Special rebalancings in TMLP are triggered by corporate actions such as mergers, bankruptcies, liquidations, and conversions in which the resulting weight of a single constituent exceeds the index's 7.5% thresho
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP") today announced the expiration and final results of the previously announced (i) private offers to exchange (each an "Exchange Offer" and, collectively, the "Exchange Offers") any and all outstanding (a) 6.375% Senior Notes due 2027 (the "2027 Notes") and (b) 5.000% Senior Notes due 2028 (the "2028 Notes" and, together with the 2027 Notes, the "HEP Notes") previously issued by HEP and Holly Energy Finance Corp. ("Finance Corp." and, together with HEP, the "HEP Issuers") for new notes to be issued by HF Sinclair (the "New Notes"), with registration rights, and cash, and (ii) consent solicit
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. ("HEP") (NYSE:HEP) announced that at a special meeting of HEP unitholders (the "HEP Special Meeting") and a special meeting of HF Sinclair stockholders (the "HF Sinclair Special Meeting"), each held today, (i) HEP unitholders voted to approve the previously announced Agreement and Plan of Merger (as the same may be amended or supplemented from time to time, the "Merger Agreement"), dated as of August 15, 2023, by and among HF Sinclair, Navajo Pipeline Co., L.P., Holly Apple Holdings LLC ("Merger Sub"), HEP Logistics Holdings, L.P., Holly Logistic Services, L.L.C. and HEP, and the transactions contemplated th
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP") today announced that as of 5:00 p.m., New York City time, on November 13, 2023 (the "Early Participation Date"), that $880,229,000 in aggregate principal amount of outstanding HEP Notes (as defined below) previously issued by HEP and Holly Energy Finance Corp. ("Finance Corp." and, together with HEP, the "HEP Issuers"), representing approximately 97.80% of the total outstanding principal amount of the HEP Notes, have been validly tendered and not validly withdrawn (and consents thereby validly given and not validly withdrawn) in connection with its previously announced private exchange off
Reported net income attributable to HEP of $63.0 million or $0.50 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $94.4 million and Adjusted EBITDA of $118.5 million Holly Energy Partners, L.P. ("HEP") (NYSE:HEP) today reported financial results for the third quarter of 2023. Net income attributable to HEP for the third quarter of 2023 was $63.0 million ($0.50 per basic and diluted limited partner unit), compared to $42.0 million ($0.33 per basic and diluted limited partner unit) for the third quarter of 2022. Results for the third quarters of 2023 and 2022 reflect reductions to our equity in earnings of equity method investments of $4.3 million
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP") today announced the commencement of private offers by HF Sinclair to all Eligible Holders (as defined herein) to exchange (each an "Exchange Offer" and, collectively, the "Exchange Offers") notes previously issued by HEP and Holly Energy Finance Corp. ("Finance Corp." and together with HEP, the "HEP Issuers") listed in the table below (the "HEP Notes"), pursuant to the terms and subject to the conditions set forth in a confidential exchange offer memorandum and consent solicitation statement, dated as of October 30, 2023 (the "Exchange Offer Memorandum"). The interest rate, interest paymen
The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per common unit for the third quarter of 2023. The distribution will be paid on November 10, 2023 to unitholders of record on October 30, 2023. HEP plans to announce results for its third quarter of 2023 on November 2, 2023 before the opening of trading on the NYSE and has scheduled a webcast conference on November 2, 2023 at 9:30 a.m. Eastern Time to discuss financial results. The webcast may be accessed at: https://events.q4inc.com/attendee/172908001 Qualified Tax Notice: This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Pl
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP"), plan to announce results for the quarter ending September 30, 2023 on November 2, 2023, before the opening of trading on the NYSE. HF Sinclair and HEP have scheduled a joint webcast conference on November 2, 2023 at 9:30 a.m. Eastern time to discuss financial results. This webcast may be accessed at: https://events.q4inc.com/attendee/172908001. An audio archive of this webcast will be available using the above noted link through November 16, 2023. About HF Sinclair Corporation: HF Sinclair Corporation, headquartered in Dallas, Texas, is an independent energy company that produces
Holly Energy Partners, L.P. (NYSE:HEP) ("HEP") and HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair"), plan to announce results for the quarter ending September 30, 2023 on November 2, 2023, before the opening of trading on the NYSE. HEP and HF Sinclair have scheduled a joint webcast conference on November 2, 2023 at 9:30 a.m. Eastern time to discuss financial results. This webcast may be accessed at: https://events.q4inc.com/attendee/172908001 An audio archive of this webcast will be available using the above noted link through November 16, 2023. About Holly Energy Partners, L.P.: Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil
NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corporation (NASDAQ:SOLO) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of SOLO and Tevva Motors Limited. Following the merger, pre-merger SOLO stockholders are expected to own approximately 23.5% of the outstanding equity of the combined company. If you are a SOLO investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. Crestwood Equity Partners, LP (NYSE:CEQP) Lifshitz Law PLLC announces