HEP - Holly Energy Partners, L.P.

NYSE - NYSE Delayed Price. Currency in USD
23.69
-0.22 (-0.92%)
At close: 4:01PM EST
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Previous Close23.91
Open24.01
Bid0.00 x 1200
Ask23.80 x 800
Day's Range23.68 - 24.09
52 Week Range20.81 - 31.08
Volume259,448
Avg. Volume337,832
Market Cap2.498B
Beta (5Y Monthly)0.69
PE Ratio (TTM)11.02
EPS (TTM)2.15
Earnings DateFeb 18, 2020
Forward Dividend & Yield2.69 (11.25%)
Ex-Dividend DateJan 30, 2020
1y Target Est23.71
  • Business Wire

    Holly Energy Partners Announces Quarterly Distribution

    The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.6725 per unit for the fourth quarter of 2019. The distribution will be paid on February 13, 2020 to unitholders of record on February 3, 2020.

  • Business Wire

    Holly Energy Partners, L.P. Announces Pricing of $500 Million of Senior Notes Due 2028

    Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") announced today that it and its wholly owned subsidiary, Holly Energy Finance Corp. (together with the Partnership, the "Issuers"), have finalized the terms of their previously announced offering of $500 million in aggregate principal amount of 5.0% senior notes due 2028 (the "2028 Notes") in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act") to eligible purchasers (the "Offering"). The 2028 Notes will be issued at a price equal to 100% of the principal amount thereof. The 2028 Notes will initially be fully and unconditionally guaranteed on a senior unsecured basis by the Partnership’s existing wholly owned subsidiaries (other than Holly Energy Finance Corp. and certain immaterial subsidiaries). The Partnership intends to use the net proceeds from the Offering, together with borrowings under its revolving credit agreement, to fund the previously announced conditional redemption of all of the Issuers’ currently outstanding 6.0% senior notes due 2024 (the "2024 Notes") and pay related expenses. The Offering is expected to close on February 4, 2020, subject to customary closing conditions.

  • Moody's

    Holly Energy Partners, L.P. -- Moody's rates Holly Energy Partners' new notes B1

    HEP's Ba2 CFR reflects its stable cash flow from pipeline, terminal, and tankage assets supported in large part by long-term favorable take-or-pay contracts with HollyFrontier Corp. (HFC, Baa3 stable) that have limited commodity risk. HFC owns HEP's general partner interest and is its refining parent. HEP's beneficial relationship with HFC has provided favorable growth opportunities.

  • Business Wire

    Holly Energy Partners, L.P. Announces Proposed Offering of Senior Notes Due 2028 and Issues Notice of Conditional Redemption for its 6.0% Senior Notes due 2024

    Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") announced today that it and its wholly owned subsidiary, Holly Energy Finance Corp. (together with the Partnership, the "Issuers"), subject to market conditions, intend to offer $500 million in aggregate principal amount of senior notes due 2028 (the "2028 Notes") in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act") to eligible purchasers (the "Offering"). The 2028 Notes will initially be guaranteed on a senior unsecured basis by the Partnership’s existing wholly owned subsidiaries (other than Holly Energy Finance Corp. and certain immaterial subsidiaries). The Partnership intends to use the net proceeds from the Offering, together with borrowings under its revolving credit agreement, to redeem all of the Issuers’ currently outstanding 6.0% senior notes due 2024 (the "2024 Notes") and pay related expenses. The Partnership has separately delivered a conditional notice of redemption under which, subject to completion of the Offering, the 2024 Notes will be redeemed on February 5, 2020 at a price of 104.5% of the principal amount, plus accrued and unpaid interest. The final terms and principal amount of the 2028 Notes are subject to market and other conditions.

  • Business Wire

    Holly Energy Partners Fourth Quarter 2019 Earnings Release and Conference Webcast

    Holly Energy Partners Fourth Quarter 2019 Earnings Release and Conference Webcast

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  • Hedge Funds Have Never Been This Bullish On Holly Energy Partners, L.P. (HEP)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Holly Energy Partners, L.P. (HEP)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Thomson Reuters StreetEvents

    Edited Transcript of HEP earnings conference call or presentation 30-Oct-19 8:00pm GMT

    Q3 2019 Holly Energy Partners LP Earnings Call

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  • Business Wire

    Holly Energy Partners Announces CEO Retirement and Appointments of New CEO, President and CFO

    Holly Energy Partners, L.P. announced today that George Damiris notified the Board of Directors of Holly Logistic Services, L.L.C. , the ultimate general partner of Holly Energy Partners, that he will retire as CEO, President and Director of HLS on December 31, 2019.

  • Business Wire

    Holly Energy Partners, L.P. Reports Third Quarter Results

    DALLAS-- -- 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 providing a 1.01x distribution coverage ratio Holly Energy Partners, L.P. today reported financial results ...

  • Business Wire

    Holly Energy Partners Announces Quarterly Distribution, Updates 2019 Guidance and Initiates 2020 Distribution and Coverage Guidance

    The Board of Directors of Holly Energy Partners, L.P. (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. For 2019 and through 2020, HEP expects to hold the quarterly distribution constant at $0.6725 per unit, or $2.69 on an annualized basis, while maintaining a distribution coverage ratio of 1.0x.

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  • Business Wire

    Holly Energy Partners and Plains All American Announce Cushing Connect Joint Venture

    Holly Energy Partners, L.P. (HEP) (“HEP”) and Plains All American Pipeline (PAA) (“Plains”) today announced the formation of a 50/50 joint venture, Cushing Connect Pipeline & Terminal LLC (the “Joint Venture”), for (i) the development and construction of a new 160,000 barrel per day common carrier crude oil pipeline (the “Pipeline”) that will connect the Cushing, Oklahoma crude oil hub to the Tulsa, Oklahoma refining complex owned by a subsidiary of HollyFrontier Corporation (HFC) and (ii) the ownership and operation of 1.5 million barrels of crude oil storage in Cushing, Oklahoma (the “JV Terminal”). The JV Terminal is expected to be in service during the second quarter of 2020, and the Pipeline is expected to be in service during the first quarter of 2021.

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  • Moody's

    Holly Energy Partners, L.P. -- Moody's upgrades Holly Energy Partners to Ba2

    Rating Action: Moody's upgrades Holly Energy Partners to Ba2. Global Credit Research- 17 Sep 2019. NOTE: On September 19, 2019, the press release was corrected as follows: In the first sentence of the ...

  • GuruFocus.com

    52-Week Company Lows

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  • Moody's

    Holly Energy Partners, L.P. -- Moody's announces completion of a periodic review of ratings of Holly Energy Partners, L.P.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Holly Energy Partners, L.P. New York, September 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Holly Energy Partners, L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • PR Newswire

    Alerian Index Series September 2019 Index Review

    DALLAS , Sept. 13, 2019 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, ...

  • PR Newswire

    Alerian Reports June 30, 2019 Index Linked Product Positions

    DALLAS , Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019 , total products directly tied to and tracking the Alerian indices was $13.7 billion . Exchange traded funds, exchange traded ...