HEP News and Press, Holly Energy Partners L.P. From 10/30/19

Holly Energy Partners (NYSE: HEP ): Q3 GAAP EPS of $0.78 beats by $0.34 . Revenue of $135.9M (+8.0% Y/Y) beats by $6.02M . Press Release More news on: Holly Energy Partners, L.P., Earnings news and commentary, Energy stocks news,

Reported net income attributable to HEP of $82.3 million or $0.78 per unit Announced quarterly distribution of $0.6725 per unit, a 1.1% increase over third quarter 2018 Reported EBITDA of $123.1 million, Adjusted EBITDA of $90.3 million and distributable cash flow of $68.8 million ...

The idea of a fracking ban has become a hot topic in the political sphere. In a shift from several years ago, a fracking ban is a concept that many top 2020 Democratic candidates have been in favor of. Rather than being a usual election where we see moderation towards the center, hard-liners...

Quiet week in the stock market this week, which translated into a quiet week for midstream as well. The AMNA finished basically unchanged, while the MLP Index was slightly lower. AMNA’s 18% total return year to date is now a staggering 1200 bps YTD and YOY lead over the AMZ. Commodity p...

As they say, all good things must come to an end. Sadly, that's the case for Holly Energy Partners ' (NYSE: HEP) distribution growth streak. The MLP had increased its payout every quarter since its  IPO  in 2004, notching its 599th straight raise in July. However, it recently...

Friday was a down day on Wall Street, with major benchmarks giving back some of the gains they've enjoyed over the past week. Downbeat economic data out of China raised more questions about the health of the global economy, and as earnings season moved forward, some high-profile companies failed...

The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.6725 per unit for the third quarter of 2019. The quarterly distribution amount remains the same as the $0.6725 per unit paid in the second quarter of 2019. The distribution will be paid on ...

MLP History The Master Limited Partn ership (( MLP )) s tructure was created to allow certain partnerships to gain the liquidity of a publicly traded security, like a stock, while maintaining the tax benefits of a partnership. The MLP structure provides a tax advantage to the business a...

Midstream was negative across the board this week, and the MLP Index lost more ground to the other midstream indexes that include corporations. Lower oil prices, higher interest rates and general aversion to energy stocks were likely reasons for continued weakness for the sector. Reported prog...

The midstream sector has undergone several changes in recent years. Companies used to have no problem obtaining cheap outside financing to expand their operations. However, given the continued challenges of the oil market, it's much more expensive to fund projects these days. That's forced the...