Holly Energy Partners, L.P. (HEP)
$
20.45
-0.16 (-0.78%)
Key metrics
Financial statements
Free cash flow per share
1.3789
Market cap
2.6 Billion
Price to sales ratio
8.6735
Debt to equity
1.5284
Current ratio
0.1056
Income quality
1.6294
Average inventory
-156.9 Million
ROE
0.1186
Technology
Technology – consumer electronics
Largecap
With a market cap of 121,78 bil stock is ranked 1
Low risk
ISS score of this stock is ranked 1
Company description
Profile
Holly Energy Partners, L.P. provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to the petroleum industry in the United States. It operates through two segments, Pipelines and Terminals, and Refinery Processing Unit. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as 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; 1 lube 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 five refinery processing units. The company was incorporated in 2004 and is based in Dallas, Texas.
News
accesswire.com
2 years ago
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.
businesswire.com
2 years ago
DALLAS--(BUSINESS WIRE)--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.
businesswire.com
2 years ago
DALLAS--(BUSINESS WIRE)--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”), dat.
businesswire.com
2 years ago
DALLAS--(BUSINESS WIRE)--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.
businesswire.com
2 years ago
DALLAS--(BUSINESS WIRE)--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.
seekingalpha.com
2 years ago
Holly Energy Partners, L.P. (NYSE:HEP ) Q3 2023 Results Conference Call November 2, 2023 9:30 AM ET Company Participants Tim Go - Chief Executive Officer Atanas Atanasov - Chief Financial Officer Steve Ledbetter - EVP of Commercial Valerie Pompeia - EVP of Operations Matt Joyce - SVP of Lubricants and Specialities John Harrison - Chief Financial Officer, Holly Energy Partners Craig Biery - Vice President, Investor Relations Conference Call Participants Manav Gupta - UBS Ryan Todd - Piper Sandler Doug Leggate - Bank of America Paul Cheng - Scotiabank Matthew Blair - TPH Roger Read - Wells Fargo Securities Jason Gabelman - TD Cowen Joe Laetsch - Morgan Stanley Operator Welcome to HF Sinclair Corporation and Holly Energy Partners Third Quarter 2023 Conference Call and Webcast.
businesswire.com
2 years ago
DALLAS--(BUSINESS WIRE)--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 o.
businesswire.com
2 years ago
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Holly Energy Partners, L.P. (NYSE: HEP) to HF Sinclair Corporation (NYSE: DINO). Under the terms of the proposed transaction, common unitholders of Holly Energy will receive 0.315 shares of HF Sinclair common stock and $4.00 in cash, without interest, for each publicly held common unit of Holly Energy that the.
businesswire.com
2 years ago
DALLAS--(BUSINESS WIRE)--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 t.
businesswire.com
2 years ago
DALLAS--(BUSINESS WIRE)--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 t.
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