Last $33.20 USD
Change Today -0.30 / -0.90%
Volume 2.7K
HEP On Other Exchanges
Symbol
Exchange
New York
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As of 9:47 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

holly energy partners lp (HEP) Snapshot

Open
$33.40
Previous Close
$33.81
Day High
$33.40
Day Low
$33.20
52 Week High
07/29/13 - $40.00
52 Week Low
11/20/13 - $29.55
Market Cap
1.9B
Average Volume 10 Days
77.8K
EPS TTM
$1.03
Shares Outstanding
58.7M
EX-Date
07/31/14
P/E TM
32.2x
Dividend
$2.06
Dividend Yield
5.93%
Current Stock Chart for HOLLY ENERGY PARTNERS LP (HEP)

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holly energy partners lp (HEP) Details

Holly Energy Partners, L.P. operates petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. The company’s pipeline assets comprise approximately 810 miles of refined product pipelines that transport gasoline, diesel, and jet fuel from New Mexico to Texas, New Mexico, Arizona, Utah, and northern Mexico; approximately 510 miles of refined product pipelines from Texas to Texas and Oklahoma; three 65-mile intermediate pipelines that transport intermediate feedstocks and crude oil from Lovington, New Mexico to refinery facilities in Artesia, New Mexico; and approximately 970 miles of crude oil trunk, gathering, and connection pipelines located in west Texas, New Mexico, and Oklahoma. Its pipeline assets also include approximately 8 miles of refined product pipelines that support Woods Cross refinery located near Salt Lake City, Utah; gasoline and diesel connecting pipelines located at Tulsa east refinery; five intermediate product and gas pipelines between Tulsa east and west refineries; crude receiving assets located at Cheyenne refinery; and 417-mile refined products pipeline from Woods Cross, Utah to Las Vegas, Nevada. The company’s refined product terminals and refinery tankage assets comprises one refined product terminal located in Spokane, Washington; one refined product terminal near Mountain Home, Idaho; two refined product terminals located in Wichita Falls and Abilene, Texas; one tank farm in Orla, Texas; refined product truck loading rack facilities; on-site crude oil tankage at Navajo, Woods Cross, Tulsa, and Cheyenne refineries; and on-site refined and intermediate product tankage at Tulsa, Cheyenne, and El Dorado refineries, as well as four refined product terminals located in El Paso, Texas; Moriarty and Bloomfield, New Mexico; and Tucson, Arizona. HEP Logistics Holdings, L.P. serves as the general partner of Holly Energy Partners, L.P. The company was founded in 2004 and is based in Dallas, Texas.

Founded in 2004

holly energy partners lp (HEP) Top Compensated Officers

President of Holly Logistic Services, l.l.c
Total Annual Compensation: $606.3K
Executive Chairman of Holly Logistic Services...
Total Annual Compensation: $250.0K
Chief Financial Officer of Holly Logistic Ser...
Total Annual Compensation: $530.0K
Senior Vice President of Operations of Holly ...
Total Annual Compensation: $337.6K
Vice President
Total Annual Compensation: $299.2K
Compensation as of Fiscal Year 2013.

holly energy partners lp (HEP) Key Developments

Holly Energy Partners, L.P. Declares Quarterly Distribution for the Second Quarter of 2014, Payable on August 14, 2014

The Board of Directors of Holly Energy Partners, L.P. declared a cash distribution of $0.515 per unit for the second quarter of 2014. For the prior quarter, $0.5075 per unit was distributed to unitholders. This distribution, which represents a 6.2% increase over the $0.4850 per unit distribution declared for the second quarter of 2013. Holly Energy has increased its distribution to unitholders every quarter since becoming a publicly-traded partnership in July 2004. The distribution will be paid on August 14, 2014 to unitholders of record on August 4, 2014.

Holly Energy Partners L.P(NYSE:HEP) dropped from Alerian MLP Index

Holly Energy Partners L.P will be removed from the Alerian MLP Index.

Holly Energy Partners L.P Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides CapEx Guidance for 2014

Holly Energy Partners, L.P. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported distributable cash flow was $41.8 million, up $9.4 million, or 29% compared to the first quarter of 2013. Net income attributable to the company was $24.1 million or $0.27 per basic and diluted limited partner unit compared to $18.4 million or $0.21 per basic and diluted limited partner unit for the first quarter of 2013. The increase in earnings is primarily due to higher pipeline and terminal volumes as pipeline shipments returned to normal levels, following the reduced shipments the company's experienced during the fourth quarter of 2013 due to operational constraints experienced at HollyFrontier Corporation's Navajo refinery. Revenues were $87.0 million, a $12.7 million increase compared to the first quarter of 2013 due to the effect of higher volumes, an increase in deferred revenue recognized and annual tariff increases. Operating income was $45.453 million against $31.047 million a year ago. Income before income taxes was $27.855 million against $21.345 million a year ago. EBITDA was $57.934 million against $44.990 million a year ago. CapEx for the first quarter 2014 was approximately $18 million, excluding CapEx that was reimbursed by HollyFrontier. In 2014, the company expects maintenance capital to be approximately $7 million and expansion capital expenditures, excluding reimbursable CapEx, to be in the $40 million to $50 million range.

 

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HEP:US $33.26 USD -0.24

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Industry Analysis

HEP

Industry Average

Valuation HEP Industry Range
Price/Earnings 35.2x
Price/Sales 6.2x
Price/Book 3.9x
Price/Cash Flow 16.9x
TEV/Sales 3.6x
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