Holly Energy Partners (HEP) is an exemplary master limited partnership [MLP]. It has grown its distribution for 58 consecutive quarters while it is offering a 10-year high distribution yield of 9.8%. The market is concerned over the recent lackluster results of the MLP and the marginal coverage of the distribution. However, investors should note the reliable cash flows of the MLP, which are nearly 100% fee-based, its healthy balance sheet and its growth prospects and take advantage of this exceptional high-yield investing opportunity.
Business overview
Holly Energy Partners owns and operates a