Last $29.68 USD
Change Today +0.72 / 2.49%
Volume 175.9K
HEP On Other Exchanges
Symbol
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As of 8:04 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

holly energy partners lp (HEP) Snapshot

Open
$28.95
Previous Close
$28.96
Day High
$30.00
Day Low
$28.65
52 Week High
10/6/14 - $37.44
52 Week Low
12/16/14 - $28.50
Market Cap
1.7B
Average Volume 10 Days
168.0K
EPS TTM
$1.15
Shares Outstanding
58.7M
EX-Date
10/31/14
P/E TM
25.8x
Dividend
$2.09
Dividend Yield
6.89%
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 Provides Revenue Guidance for the Fourth Quarter of 2014

For the fourth quarter of 2014, Holly Energy Partners L.P anticipates about $4.5 million of deferred revenue.

Holly Energy Partners L.P Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Holly Energy Partners L.P reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues were $82,130,000 against $77,723,000 a year ago. Operating income was $38,925,000 against $34,173,000 a year ago. Income before income taxes was $31,231,000 against $23,097,000 a year ago. Net income attributable to Holly Energy Partners was $29,680,000 against $21,885,000 a year ago. Limited partners' earnings per unit basic and diluted was $0.35 against $0.25 a year ago. EBITDA was $53,790,000 against $53,187,000 a year ago. For the nine months, the company reported total revenues were $244,132,000 against $227,306,000 a year ago. Operating income was $116,411,000 against $97,740,000 a year ago. Income before income taxes was $83,564,000 against $17,481,000 a year ago. Net income attributable to Holly Energy Partners was $76,857,000 against $16,406,000 a year ago. Limited partners' earnings per unit basic and diluted was $0.87 against $0.18 a year ago. EBITDA was $158,997,000 against $145,440,000 a year ago. Revenues for nine months increased due principally to increased pipeline shipments, the effect of annual tariff increases, and a $2.6 million increase in deferred revenue realized.

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

The Board of Directors of Holly Energy Partners, L.P. has declared a cash distribution of $0.5225 per unit for the third quarter of 2014. This distribution, which represents a 6.1% increase over the $0.4925 per unit distribution declared for the third quarter of 2013, marks the fortieth consecutive quarterly increase. The company has increased its distribution to unitholders every quarter since becoming a publicly-traded partnership in July 2004. The distribution will be paid on November 14, 2014 to unitholders of record on November 4, 2014.

 

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Industry Analysis

HEP

Industry Average

Valuation HEP Industry Range
Price/Earnings 26.9x
Price/Sales 5.3x
Price/Book 3.5x
Price/Cash Flow 13.7x
TEV/Sales 2.7x
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