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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
Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit
Rhea-AI Summary
Holly Energy Partners declares cash distribution of $0.35 per common unit for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
none
-
News
HF Sinclair Corporation and Holly Energy Partners, L.P. Third Quarter 2023 Earnings Release and Conference Webcast
Rhea-AI Summary
HF Sinclair Corporation and Holly Energy Partners, L.P. to announce Q3 2023 results on November 2, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
earnings
-
News
Holly Energy Partners, L.P. and HF Sinclair Corporation Third Quarter 2023 Earnings Release and Conference Webcast
Rhea-AI Summary
Holly Energy Partners and HF Sinclair Corporation will announce their Q3 2023 results on November 2, 2023. A joint webcast conference will be held to discuss financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
earnings
News
HF Sinclair Board of Directors Authorizes $1 Billion Share Repurchase Program
Rhea-AI Summary
HF Sinclair Corporation (NYSE: DINO) has authorized a $1 billion share repurchase program, replacing all existing authorizations. The prior program had $5 million remaining. Repurchases may be made in the open market or through privately negotiated transactions. The timing and amount of repurchases will depend on various factors. The CEO stated that this program reflects the company's commitment to returning excess free cash flow to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
buyback management
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News
HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Definitive Merger Agreement
Rhea-AI Summary
HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) have entered into a definitive merger agreement for HF Sinclair to acquire all outstanding common units of HEP not owned by HF Sinclair or its affiliates. The consideration for the merger will be a combination of HF Sinclair common stock at a fixed exchange ratio of 0.315 and $4.00 in cash per each publicly held HEP common unit. The transaction is expected to close in the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
acquisition
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News
Holly Energy Partners, L.P. Reports Second Quarter Results
Rhea-AI Summary
Holly Energy Partners, L.P. (HEP) reported net income of $50.2 million ($0.40 per unit) for Q2 2023, compared to $56.8 million ($0.45 per unit) in Q2 2022. Distributable cash flow was $73.3 million, a decrease of 6.6% YoY. HEP declared a quarterly cash distribution of $0.35 per unit. Revenues for Q2 2023 were $139.8 million, an increase of $4.0 million YoY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
Tags
earnings
News
HF Sinclair Corporation Reports 2023 Second Quarter Results and Announces Regular Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
Tags
dividends earnings
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News
Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
none
-
News
HF Sinclair Corporation and Holly Energy Partners, L.P. Second Quarter 2023 Earnings Release and Conference Webcast
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
earnings
News
Holly Energy Partners, L.P. and HF Sinclair Corporation Second Quarter 2023 Earnings Release and Conference Webcast
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
earnings
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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