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Holly Energy Partners Lp  (HEP)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $20.4500 $-0.16 -0.776%
Day's High: $20.85 Week Perf: -2.67 %
Day's Low: $ 20.33 30 Day Perf: -3.76 %
Volume (M): 17,217 52 Wk High: $ 23.62
Volume (M$): $ 352,090 52 Wk Avg: $19.50
Open: $20.65 52 Wk Low: $15.51



 Market Capitalization (Millions $) 2,586
 Shares Outstanding (Millions) 126
 Employees 950
 Revenues (TTM) (Millions $) 579
 Net Income (TTM) (Millions $) 228
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 45

Holly Energy Partners Lp
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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Holly Energy Partners, L.P. Declares Cash Distribution for Q3 2023 and Schedules Webcast Conference to Discuss Financial Results and Impact on Shareholders

Published Thu, Oct 19 2023 8:30 PM UTC

Holly Energy Partners Announces Cash Distribution for Third Quarter of 2023 and Plans to Discuss Financial Results in Webcast Conference
DALLAS - Holly Energy Partners, L.P. (NYSE:HEP) recently declared a cash distribution of $0.35 per common unit for the third quarter of 2023, showcasing the company's commitment to providing value to its shareholders. The distribution i...






 

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