HEP - Holly Energy Partners EPS beats by $0.37 misses on revenue

Holly Energy Partners (NYSE:HEP): Q2 Non-GAAP EPS of $0.87 beats by $0.37; GAAP EPS of $1.03 beats by $0.56. Revenue of $126.24M (+10.0% Y/Y) misses by $1.9M. HollyFrontier’s President & CEO, Michael Jennings, commented, “HollyFrontier delivered strong financial results in the second quarter, driven by improvement in refining margins in both the West and Mid-Continent regions and strengthening base oil margins in the quarter. Our focus remains on executing our renewable diesel projects on-time and within capital guidance and closing the Puget Sound Refinery acquisition in the fourth quarter of this year.” Press Release

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Holly Energy Partners EPS beats by $0.37, misses on revenue