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Holly Energy Partners L.P. - HEP STOCK NEWS

Welcome to our dedicated news page for Holly Energy Partners L.P. (Ticker: HEP), a resource for investors and traders seeking the latest updates and insights on Holly Energy Partners L.P..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Holly Energy Partners L.P.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Holly Energy Partners L.P.'s position in the market.

News
HF Sinclair Corporation Completes Acquisition of Holly Energy Partners, L.P.
Rhea-AI Summary
HF Sinclair Corporation (NYSE: DINO) has completed the acquisition of all outstanding common units of Holly Energy Partners, L.P. The merger involved a combination of 0.3150 of a share of HF Sinclair common stock and $4.00 in cash per HEP Common Unit. As a result, HEP Common Units will no longer be listed on the NYSE, and HEP will cease to be a publicly traded partnership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.54%
Tags
acquisition
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News
TortoiseEcofin Announces Constituent Changes Due to Corporate Action
Rhea-AI Summary
TortoiseEcofin announces the removal of Holly Energy Partners LP (HEP) from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) due to the approved acquisition by HF Sinclair Corp (DINO). HEP will be removed from the indices at market open on Friday, December 1, 2023, with a special rebalancing in TMLP triggered by the acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.54%
Tags
none
-
News
HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Expiration and Final Results of Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers
Rhea-AI Summary
HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) announced the expiration and final results of the Exchange Offers and Consent Solicitations. The Exchange Offers expired with 99.86% of HEP Notes tendered. Eligible Holders received $1,000 principal amount of New Notes and $1.00 in cash for each $1,000 principal amount of HEP Notes tendered.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
none
News
HF Sinclair Corporation Stockholders and Holly Energy Partners, L.P. Unitholders Approve Merger Transaction
Rhea-AI Summary
HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) announced the approval of the Agreement and Plan of Merger by HEP unitholders and HF Sinclair stockholders. The Merger involves the issuance of shares of common stock of HF Sinclair pursuant to the Merger Agreement. The expected closing date of the Merger is December 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
acquisition
-
News
HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration
Rhea-AI Summary
HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) announced that $880,229,000 in HEP Notes have been tendered and not withdrawn in connection with the private exchange offers and consent solicitations. The Early Participation Exchange Consideration for the 6.375% Senior Notes due 2027 is $1,000 principal amount of HF Sinclair’s 6.375% Senior Notes due 2027 and $1.00 in cash, and for the 5.000% Senior Notes due 2028 is $1,000 principal amount of HF Sinclair’s 5.000% Senior Notes due 2028 and $1.00 in cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
Tags
none
-
News
HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration
Rhea-AI Summary
HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) announced that $880,229,000 in aggregate principal amount of outstanding HEP Notes have been validly tendered and not withdrawn in connection with private exchange offers and related consent solicitations. The Early Participation Exchange Consideration for each $1,000 principal amount of such HEP Notes is to be paid in cash and HF Sinclair's Senior Notes due 2027 and 2028. The deadline for tendering HEP Notes has been extended to the Expiration Date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
Tags
none
News
HF Sinclair Corporation Reports 2023 Third Quarter Results and Announces Regular Cash Dividend
Rhea-AI Summary
HF Sinclair Corporation reported net income of $790.9 million for Q3 2023, compared to $954.4 million in Q3 2022. Adjusted net income was $760.4 million. The company returned $669.2 million to stockholders through dividends and share repurchases. Refining segment income decreased by 32%, while the renewables segment reported a profit of $3.1 million compared to a loss of $49.3 million in the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.55%
Tags
dividends earnings
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News
Holly Energy Partners, L.P. Reports Third Quarter Results
Rhea-AI Summary
Holly Energy Partners, L.P. (HEP) reported net income of $63.0 million ($0.50 per unit) for Q3 2023, compared to $42.0 million ($0.33 per unit) for Q3 2022. Quarterly distribution declared at $0.35 per unit. Revenues for Q3 2023 were $158.4 million, an increase of $9.4 million compared to Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.55%
Tags
earnings
-
News
HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Commencement of Private Exchange Offers and Consent Solicitations by HF Sinclair Corporation for Outstanding Notes of Holly Energy Partners, L.P. and Holly Energy Finance Corp.
Rhea-AI Summary
HF Sinclair Corporation and Holly Energy Partners have announced the commencement of private offers to exchange notes previously issued by HEP and Finance Corp. HF Sinclair will issue new notes in exchange for the HEP Notes. The Exchange Offers are subject to certain conditions and will expire on November 29, 2023. Eligible Holders who tender their HEP Notes by November 13, 2023, will receive greater consideration. The Proposed Amendments to the HEP Indentures will become effective if participation in the Exchange Offer exceeds 50% of the outstanding principal amount of each series of HEP Notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
Tags
none
News
HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Commencement of Private Exchange Offers and Consent Solicitations by HF Sinclair Corporation for Outstanding Notes of Holly Energy Partners, L.P. and Holly Energy Finance Corp.
Rhea-AI Summary
HF Sinclair Corporation and Holly Energy Partners have announced the commencement of private exchange offers for notes previously issued by HEP and Finance Corp. HF Sinclair is offering new notes in exchange for HEP Notes. The exchange offers are subject to certain conditions and the New Notes will have the same terms as the corresponding HEP Notes. The exchange offers expire on November 29, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
Tags
none
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Holly Energy Partners L.P.

NYSE:HEP

HEP Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

HEP Stock Data

2.59B
66.50M
63.99%
26.36%
1.3%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
Link
US
Dallas

About HEP

holly energy partners, l.p. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of hollyfrontier corporation in west texas, new mexico, utah, nevada, oklahoma, wyoming, kansas, arizona, idaho, and washington. it operates through two segments, pipelines and terminals, and refinery processing units. the company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as distillates, such as high- and low-sulfur diesel and jet fuels, and liquefied petroleum gases; intermediate product pipelines that transport intermediate feedstocks and crude oils; and oil trunk, gathering, and connection pipelines that delivers crude oil. it operates 26 main pipelines; crude gathering networks; 10 refined product terminals; 1 crude terminal; 31,800 track feet o