| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
126 |
| Employees |
118 |
| Revenues (TTM) (Millions $) |
584 |
| Net Income (TTM) (Millions $) |
250 |
| Cash Flow (TTM) (Millions $) |
9 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Holly Energy Partners LP is a master limited partnership (MLP) company that provides fuel transportation and terminal services to various types of customers all over the United States. It was founded in 2004 and is headquartered in Dallas, Texas.
Holly Energy Partners LP operates through two segments: Pipelines and Terminals. The Pipelines segment includes crude oil and refined products pipelines that transport products from HollyFrontier Corporation's (its parent company) refineries to its customers. The Terminals segment includes petroleum product and crude oil terminal facilities that operate as storage and distribution locations for refined products, ethanol, and crude oil.
The company's Pipelines segment has over 2,500 miles of pipelines, which includes pipelines in Texas, New Mexico, Arizona, Washington, Utah, and Oklahoma. These pipelines are used to transport a wide range of petroleum products and crude oil, from gasoline and diesel to jet fuel and liquid petroleum gas (LPG).
The Terminals segment provides transportation fuels storage, blending, and terminal services across 8 states with over 40 terminals. Its facilities feature storage tanks, truck and rail racks, and loading docks, as well as transloading services for crude oil and other products.
Holly Energy Partners LP has a diversified customer base in the petrochemical industry, including major oil companies, distributors, and independent marketers. Its customer contracts are structured as either throughput agreements or cost-of-service agreements. These agreements provide stable cash flows and reduce the company's market exposure to price fluctuations in the oil and gas industry.
The company is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol HEP. It is also a member of the Alerian MLP Index which is designed to track the performance of energy MLPs. The company pays dividends to its investors on a quarterly basis, which are subject to fluctuations.
Overall, Holly Energy Partners LP has an extensive network of pipelines and storage facilities that provide transportation services to a broad base of refineries, distributors, and other customers. Its focus on long-term contracts with major customers provides stability in a volatile energy market, while its expansion efforts continue to offer growth opportunities for shareholders.
Company Address: 2828 N. Harwood, Dallas 75201 TX
Company Phone Number: 871-3555 Stock Exchange / Ticker: NYSE HEP
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