FKnol.com

Financial Knowledge & Information Portal

Holly Energy Partners (HEP) Company Profile

Updated Mar 18, 2020
Holly Energy Partners has the following business profile:
Company's Full Name:Holly Energy Partners, L.P.
Short Name:Holly Energy Partners
Trading Ticker Symbol:HEP
Primary Exchange:NYSE
Headquarter City/Country:Texas, TX
Primary Industry Sector:Energy
Seconday Sub-sector:Natural Gas Distribution
Main Business Areas: Energy, Natural Gas Distribution, Oil & Gas Midstream, , Oil
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Holly Energy Partners stock

Market and Trading Information for Holly Energy Partners

The following details were available for trading and market data about the stock of Holly Energy Partners as of writing:
Current Share Price:$7.52
Previous Year's Closing Price:$22.15
Percentage Price Change (YTD):-66.05%
Market Cap:$792.91 million
52-week Price Range:$6.57 - $30.61
Dividend Per Share:$2.68
EPS (TTM):2.13
Price-Earnings (Trailing):3.53
Price-Earnings (Forward):3.98

Company Profile and Business Description for Holly Energy Partners

Holly Energy Partners, L.P., (HEP), incorporated on March 9, 2004, is engaged in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington. The Company operates through segments, including pipelines and terminals segment and a refinery processing unit segment. As of December 31, 2016, its pipelines and terminals segment consisted of 24 main pipeline segments; Crude gathering networks in Texas and New Mexico; 10 refined product terminals; one crude terminal; 8,300 track feet of rail storage located at one facility; seven locations with truck and/or rail racks, and Tankage at all six of HollyFrontier Corporation's (HFC's) refining facility locations. As of December 31, 2016, its refinery processing unit segment consisted of five refinery processing units at two of HFC's refining facility locations. It owns and operates petroleum product and crude pipelines, terminal, tankage and loading rack facilities, and refinery processing units that support the refining and marketing operations of HFC in the Mid-Continent, Southwest and Northwest regions of the United States.

Pipelines and Terminals

The Company's refined product pipelines transport light refined products from HFC's Navajo refinery in New Mexico and Alon USA, Inc.'s (Alon's) Big Spring refinery in Texas to their customers in the metropolitan and rural areas of Texas, New Mexico, Arizona, Utah, and Oklahoma and from various refineries in Utah, Wyoming, and Montana (including HFC's Woods Cross refinery in Utah) to Las Vegas, Nevada and Cedar City, Utah. The refined products transported in these pipelines include conventional gasolines, federal, state and local specification reformulated gasoline, low-octane gasoline for oxygenate blending, distillates that include high- and low-sulfur diesel and jet fuel and liquefied petroleum gases (LPGs) (such as propane, butane and isobutane). Its intermediate product pipelines consist principally of three parallel pipelines that connect the Navajo refinery, Lovington and Artesia facilities. These pipelines primarily transport intermediate feedstocks and crude oil for HFC's refining operations in New Mexico. It also owns pipelines that transport intermediate product and gas between HFC's Tulsa East and West refinery facilities.

The Company's crude pipelines consist of crude oil trunk, gathering and connection pipelines located in West Texas, New Mexico, Kansas and Oklahoma that deliver crude oil to HFC's Navajo and El Dorado refineries and crude oil pipelines that support HFC's Woods Cross refinery. Its pipeline assets in mid-continent region include Tulsa, Oklahoma Interconnect Pipelines; El Dorado Crude Delivery Pipeline; Osage Pipe Line Company LLC, and Cheyenne Pipeline LLC. Its pipeline assets in southwest region include Artesia, New Mexico to El Paso, Texas; Artesia, New Mexico to Moriarty, New Mexico; Moriarty, New Mexico to Bloomfield, New Mexico; Big Spring, Texas to Abilene and Wichita Falls, Texas; Wichita Falls, Texas to Duncan, Oklahoma; Midland, Texas to Orla, Texas; Intermediate pipelines between Lovington, New Mexico and Artesia, New Mexico; Roadrunner pipeline; New Mexico and Texas crude oil pipelines, and New Mexico crude expansion pipelines. Its pipeline assets in northwest region include Utah refined product pipelines; UNEV Pipeline, LLC (UNEV) refined product pipeline; SLC Pipeline, LLC, and Frontier Aspen LLC.

The Company's refined product terminals receive products from pipelines connected to HFC's refineries and Alon's Big Spring refinery. Its refined product terminal facilities consist of multiple storage tanks and are equipped with automated truck loading equipment that operates around the clock a day. This automated system provides for control of security, allocations, and credit and carrier certification by remote input of data by its customers. In addition, all of its terminals are equipped with truck loading racks capable of providing automated blending to individual customer specifications. Its crude terminal receives crude from the Osage Pipe Line Company, LLC (Osage) pipeline.

The Company's refinery tankage consists of on-site tankage at HFC's refineries. Its terminals, loading racks and refinery tankages in mid-continent region include Cheyenne, Wyoming facility truck racks; El Dorado, Kansas crude tankage; El Dorado, Kansas facility truck racks; Tankage at HFC refinery facilities; Tulsa, Oklahoma facilities truck and rail racks, and Tulsa, Oklahoma tanks. Its terminals, loading racks and refinery tankages in southwest region include Abilene, Texas terminal, Artesia, New Mexico facility truck rack; Artesia, New Mexico railyard; Lovington, New Mexico facility asphalt truck rack; Moriarty, New Mexico terminal; Orla, Texas tank farm; Tankage at HFC refinery facilities; Tucson, Arizona terminal, and Wichita Falls, Texas terminal. Its terminals, loading racks and refinery tankages in Northwest Region include Mountain Home, Idaho terminal; Spokane, Washington Terminal; Tankage at HFC refinery facilities; UNEV terminals, and Woods Cross, Utah facility truck rack.

Refinery Processing Units

The Company's refinery processing units are integrated in HFC's El Dorado, Kansas refinery and HFC's Woods Cross, Utah refinery and are used to support their daily operations, which chemically transform crude oil into various petroleum products, including gasoline, diesel, LPGs and asphalt. Its refinery processing units are managed by refineries, including El Dorado Refinery and Woods Cross Refinery. Its El Dorado Refinery includes Naphtha Fractionation Unit-El Dorado, Kansas refinery facility, and Hydrogen Generation Unit-El Dorado, Kansas refinery facility. Its Woods Cross Refinery includes Crude Unit-Woods Cross, Utah refinery facility; Fluid Catalytic Cracking Unit (FCC)-Woods Cross, Utah refinery facility, and Polymerization Unit-Woods Cross, Utah refinery facility. The hydrogen unit primarily uses natural gas as a feedstock to produce hydrogen gas that is used in HFC's operation of its El Dorado, Kansas refinery. The polymerization unit uses the LPGs, propylene and butylene, from the FCC unit and polymerizes them into high octane gasoline blendstock using heat and catalysts.

The Company competes with Kinder Morgan.

2828 N Harwood St Ste 1300


See Full List of ETFs holding Holly Energy Partners stock in their respective portfolios.

Peer / Competitor Companies of Natural Gas Distribution Sector

Along with Holly Energy Partners, L.P., the following other peer (competitor) companies also exist within the same Natural Gas Distribution - Energy sector whose company profile and dividend history is as follows:

▶ Antero Midstream Partners LP (AM): Antero Midstream Partners LP, incorporated on September 23, 2013, is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service ....See Detailed Company Profile,  Dividend History

▶ Archrock (AROC): Archrock, Inc. operates as a midstream energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company provides natural gas c....See Detailed Company Profile,  Dividend History

▶ Blueknight Energy Partners (BKEP): Blueknight Energy Partners, L.P., incorporated on February 22, 2007, is a master limited partnership company. The Company provides integrated terminaling, storage, gathering and transportation services for companies engaged in the ....See Detailed Company Profile,  Dividend History

▶ Blueknight Energy Partners (BKEPP): Blueknight Energy Partners, L.P., incorporated on February 22, 2007, is a master limited partnership company. The Company provides integrated terminaling, storage, gathering and transportation services for companies engaged in the ....See Detailed Company Profile,  Dividend History

▶ Clean Energy Fuels (CLNE): Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG),....See Detailed Company Profile,  Dividend History

▶ DCP Midstream (DCP): DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates in two segments, Gathering and Process....See Detailed Company Profile,  Dividend History

▶ Delek Logistics Partners (DKL): Delek Logistics Partners, LP, incorporated on April 24, 2012, owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Companys business primarily consists of ....See Detailed Company Profile,  Dividend History

▶ Enable Midstream Partners LP (ENBL): Enable Midstream Partners LP, incorporated on October 12, 1993, owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: ....See Detailed Company Profile,  Dividend History

▶ Enbridge (ENB): Enbridge Inc., incorporated on December 15, 1987, is an energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, ....See Detailed Company Profile,  Dividend History

▶ EnLink Midstream LLC (ENLC): EnLink Midstream, LLC, incorporated on October 16, 2013, is an integrated midstream company. The Companys assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma ....See Detailed Company Profile,  Dividend History

▶ Enterprise Products Partners (EPD): Enterprise Products Partners L.P. (Enterprise), incorporated on April 9, 1998, is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, ....See Detailed Company Profile,  Dividend History

▶ EQT Midstream Partners LP (EQM): EQT Midstream Partners, LP (EQM), incorporated on January 18, 2012, owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Companys segments include Gathering and Transmission. The Companys ....See Detailed Company Profile,  Dividend History

▶ Kinder Morgan (KMI): Kinder Morgan, Inc., incorporated on August 23, 2006, is an energy infrastructure company in North America. The Company operates through five segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines and ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

▶ Magellan Midstream Partners (MMP): Magellan Midstream Partners, L.P., incorporated on August 30, 2000, is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company operates through three ....See Detailed Company Profile,  Dividend History

▶ MPLX LP (MPLX): MPLX LP, incorporated on March 27, 2012, is a diversified master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. ....See Detailed Company Profile,  Dividend History

▶ National Grid Transco (NGG): National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activi....See Detailed Company Profile,  Dividend History

▶ Noble Midstream Partners LP (NBLX): Noble Midstream Partners LP, incorporated on December 23, 2014, is engaged in owning, operating, developing and acquiring a range of domestic midstream infrastructure assets. The Companys areas of focus are ....See Detailed Company Profile,  Dividend History

▶ Nustar Energy (NS): NuStar Energy L.P., incorporated on December 7, 1999, is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of ....See Detailed Company Profile,  Dividend History

▶ PBF Logistics LP (PBFX): PBF Logistics LP, incorporated on February 25, 2013, owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The ....See Detailed Company Profile,  Dividend History

▶ Phillips 66 Partners LP (PSXP): Phillips 66 Partners LP (Phillips 66), incorporated on February 20, 2013, owns, operates, develops and acquires fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Natural Gas Distribution Sector.

Stock List of Other Energy Sub-sectors

▶ Stocks of Coal Mining Sector

▶ Stocks of Consumer Electronics and Appliances Sector

▶ Stocks of Drilling Sector

▶ Stocks of Electric Utilities Sector

▶ Stocks of Exploration & Production Sector

▶ Stocks of Industrial Machinery and Components Sector

▶ Stocks of Integrated Oil Companies Sector

▶ Stocks of Metal Fabrications Sector

▶ Stocks of Natural Gas Distribution Sector

▶ Stocks of Oil & Gas Drilling Sector

▶ Stocks of Oil & Gas E&P Sector

▶ Stocks of Oil & Gas Equipment & Services Sector

▶ Stocks of Oil & Gas Integrated Sector

▶ Stocks of Oil & Gas Midstream Sector

▶ Stocks of Oil and Gas Sector

▶ Stocks of Oil and Gas Production Sector

▶ Stocks of Oil Refining and Marketing Sector

▶ Stocks of Oilfield Services and Equipment Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Healthcare Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector