HEP News and Press, Holly Energy Partners L.P. From 08/03/21

HollyFrontier (NYSE:HFC) and Holly Energy Partners (NYSE:HEP) agree to acquire Sinclair Oil and Sinclair Transportation from The Sinclair Companies, and form a new parent company - HF Sinclair - which will replace HollyFrontier as the public company trading on the NYSE. Upon closing of the de...

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...

ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. Growing energy demand in a recovering global economy, sup...

The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the second quarter of 2021. The distribution will be paid on August 13, 2021 to unitholders of record on August 2, 2021. Holly Energy plans to announce results for...

Whilst 2021 has seen many improvements versus 2020, sadly, the tough times have continued for HollyFrontier. This may cause some investors to ponder the counterparty risk for their high-yielding subsidiary, Holly Energy Partners. Thankfully, the latter faces few realistic risks bo...

HEP is offering an attractive 6.5% distribution yield. HEP has proved resilient to the pandemic. While most energy companies saw their cash flows collapse last year, HEP grew its distributable cash flow 4% last year. HEP has a strong distribution coverage ratio of 2.0. For f...

Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending June 30, 2021 on August 3, 2021, before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on August 3, 2021 at 4:00 p.m. Eastern time to disc...

Inland refiner HollyFrontier has a $5.7 billion market cap; however, it is suspending its dividend to buy a Washington refinery at a total cost, including inventory, of over $500 million. Washington refineries are supplied by Canadian and Alaskan crude, among others. While the USWC, i...

Holly Energy Partners L.P. has demonstrated resilience in 2020 despite a turbulent year in the midstream industry thanks to the minimum volume commitments. Distributions were slashed by 48% from pre-pandemic levels, but still represents a fair yield of approximately 7%. Based on m...

Image source: The Motley Fool. Holly Energy Partners LP (NYSE: HEP) Q1 2021 Earnings Call May 4, 2021 , 4:00 p.m. ET Operator Continue reading For further details see: Holly Energy Partners LP (HEP) Q1 2021 Earnings Call Transcript