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Last $31.97 USD
Change Today -0.98 / -2.97%
Volume 139.7K
HEP On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

holly energy partners lp (HEP) Snapshot

Open
$32.82
Previous Close
$32.95
Day High
$32.82
Day Low
$31.27
52 Week High
10/6/14 - $37.44
52 Week Low
12/16/14 - $28.50
Market Cap
1.9B
Average Volume 10 Days
87.1K
EPS TTM
$1.29
Shares Outstanding
58.7M
EX-Date
05/4/15
P/E TM
24.9x
Dividend
$2.15
Dividend Yield
6.59%
Current Stock Chart for HOLLY ENERGY PARTNERS LP (HEP)

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holly energy partners lp (HEP) Details

Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. The company’s pipeline assets include 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 that transport refined products from Texas to Texas and Oklahoma; three 65-mile intermediate pipelines that transport intermediate feedstocks and crude oil from Lovington, New Mexico to Artesia, New Mexico; and approximately 910 miles of crude oil trunk, gathering and connection pipelines located in West Texas, New Mexico, and Oklahoma. Its pipeline assets also consists of 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 facility; 5 intermediate product and gas pipelines between Tulsa east and west refineries; and crude receiving assets located at Cheyenne refinery, as well as 427-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; refined product loading rack facility; 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

Chief Executive Officer of Holly Logistic Ser...
Total Annual Compensation: $1.1M
President of Holly Logistic Services, l.l.c
Total Annual Compensation: $600.9K
Chief Financial Officer of Holly Logistic Ser...
Total Annual Compensation: $560.0K
Senior Vice President of Operations of Holly ...
Total Annual Compensation: $352.1K
Senior Vice President of Holly Logistic Servi...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

holly energy partners lp (HEP) Key Developments

Holly Energy Partners L.P Declares First Quarter Cash Distribution, Payable on May 15, 2015

The Board of Directors of Holly Energy Partners L.P has declared a cash distribution of $0.5375 per unit for the first quarter of 2015. This distribution, which represents a 5.9% increase over the $0.5075 per unit distribution declared for the first quarter of 2014, marks the forty-second consecutive quarterly increase. The distribution will be paid on May 15, 2015 to unitholders of record on May 6, 2015.

Holly Energy Partners L.P Reports Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014

Holly Energy Partners L.P reported unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $88,413,000 against $77,876,000 a year ago. Operating income was $38,343,000 against $30,825,000 a year ago. Income before income taxes was $30,484,000 against $20,330,000 a year ago. Net income attributable to the company was $28,667,000 against $18,998,000 a year ago. This increase in earnings is primarily due to higher pipeline volumes and annual tariff increases as well as decreased interest expense due to the early retirement of 8.25% Senior Notes in March 2014. Basic and diluted earnings per unit were $0.33 against $0.19 a year ago. EBITDA was $52,703,000 against $46,613,000 a year ago. Distributable cash flow was $41,835,000 against $34,263,000 a year ago. For the year, the company reported total revenues of $332,545,000 against $305,182,000 a year ago. Operating income was $154,754,000 against $128,566,000 a year ago. Income before income taxes was $114,048,000 against $86,414,000 a year ago. Net income attributable to the company was $105,525,000 against $79,449,000 a year ago. Basic and diluted earnings per unit were $1.20 against $0.88 a year ago. EBITDA was $211,701,000 against $192,054,000 a year ago. Distributable cash flow was $172,718,000 against $146,579,000 a year ago.

Holly Energy Partners L.P Declares Cash Distribution for the Fourth Quarter of 2014, Payable on February 13, 2015

The board of directors of Holly Energy Partners, L.P. has declared a cash distribution of $0.53 per unit for the fourth quarter of 2014. The distribution will be paid on February 13, 2015 to unitholders of record on February 2, 2015.

 

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HEP:US $31.97 USD -0.98

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Industry Analysis

HEP

Industry Average

Valuation HEP Industry Range
Price/Earnings 26.5x
Price/Sales 5.6x
Price/Book 4.0x
Price/Cash Flow 14.3x
TEV/Sales 3.1x
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