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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:03 EDTHEPHolly Energy reports Q4 EPS 19c, consensus 20c
Reports Q4 revenue $77.9M, consensus $71.44M. Reports overall pipeline volumes were down 9% compared to the fourth quarter of 2012. The company said, "As we previously announced, certain unexpected operational constraints at our largest shipper’s New Mexico refinery significantly reduced shipments on our pipelines into and out of that facility during the fourth quarter; these shipments have now returned to normal levels. Despite this event-driven reduction in volumes during the fourth quarter of 2013, our financial results, supported by minimum commitment contracts and sustained strength in crude oil gathering revenues, allowed us to continue our record of raising our quarterly distributions in every quarter since our initial public offering nine years ago."
News For HEP From The Last 14 Days
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September 3, 2015
08:05 EDTHEPHolly Energy Partners acquires 50% interest in Frontier Pipeline
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08:04 EDTHEPHollyFrontier, Holly Energy agree in principle El Dorado unit acquisition
HollyFrontier Corporation (HFC) and Holly Energy Partners, L.P. (HEP) announced an agreement in principle for the acquisition by Holly Energy of the newly constructed naphtha fractionation and hydrogen generation units at HollyFrontier's El Dorado refinery. Holly Energy is expected to pay HollyFrontier cash consideration of approximately $62M, subject to the execution of definitive agreements and other customary closing conditions. Both HollyFrontier and Holly Energy expect the proposed transaction will close during the fourth quarter of 2015. In connection with the closing of the proposed transaction, HollyFrontier and Holly Energy expect to enter into 15-year tolling agreements containing minimum quarterly throughput commitments from HollyFrontier. Holly Energy expects that the transaction will be immediately accretive to unitholders.
September 1, 2015
11:38 EDTHEPHollyFrontier and Holly Energy Partners hold a joint analyst day
Joint Analyst Day is being held in Dallas, Texas on September 3 at 9 am. Webcast Link

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