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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."
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