HEP - Holly Energy Partners LP Stock Price, Fair Value and News

24.44USD+0.23 (+0.95%)Market Closed

Market Summary

USD24.44+0.23

Market Closed

0.95%

HEP Stock Price

View Fullscreen

HEP RSI Chart

HEP Valuation

Market Cap

3.1B

Price/Earnings (Trailing)

13.29

Price/Sales (Trailing)

5.45

EV/EBITDA

10.2

Price/Free Cashflow

9.9

HEP Price/Sales (Trailing)

HEP Profitability

EBT Margin

42.74%

Return on Equity

24.81%

Return on Assets

8.84%

Free Cashflow Yield

10.1%

HEP Fundamentals

HEP Revenue

Revenue (TTM)

583.9M

Rev. Growth (Yr)

6.28%

Rev. Growth (Qtr)

13.31%

HEP Earnings

Earnings (TTM)

239.3M

Earnings Growth (Yr)

50.23%

Earnings Growth (Qtr)

25.48%

Breaking Down HEP Revenue

Last 7 days

-0.3%

Last 30 days

13.3%

Last 90 days

-4.6%

Trailing 12 Months

48.9%

How does HEP drawdown profile look like?

HEP Financial Health

Current Ratio

1.15

Debt/Equity

1.52

Debt/Cashflow

0.24

HEP Investor Care

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	570.6M	574.6M	583.9M	0
2022	487.5M	497.0M	523.5M	547.5M
2021	497.2M	508.6M	503.5M	494.5M
2020	526.1M	510.2M	502.0M	497.8M
2019	511.8M	523.8M	533.9M	532.8M
2018	477.6M	487.2M	502.6M	506.2M
2017	405.7M	419.9M	437.7M	454.4M
2016	371.1M	382.5M	386.8M	402.0M
2015	335.3M	343.8M	350.0M	358.9M
2014	317.9M	317.6M	322.0M	332.5M
2013	298.4M	305.1M	308.7M	305.2M
2012	236.7M	254.4M	279.5M	292.6M
2011	186.4M	191.9M	194.4M	213.3M
2010	155.4M	164.3M	173.2M	182.1M
2009	0	0	0	146.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Holly Energy Partners LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Dec 01, 2023	jennings michael	back to issuer	-	-	-26,377	chief executive officer
Dec 01, 2023	lee james h	back to issuer	-	-	-285	-
Dec 01, 2023	lee james h	back to issuer	-	-	-31,821	-
Dec 01, 2023	baldwin larry r	back to issuer	-	-	-41,627	-
Dec 01, 2023	norwood kenneth	acquired	-	-	17,307	vp and controller
Dec 01, 2023	jamieson robert i	acquired	-	-	15,732	svp and coo
Dec 01, 2023	norwood kenneth	back to issuer	-	-	-91,076	vp and controller
Dec 01, 2023	holding carol orme	back to issuer	-	-	-21,000,000	-
Dec 01, 2023	norwood kenneth	sold (taxes)	-161,882	20.45	-7,916	vp and controller
Dec 01, 2023	mattson eric l	back to issuer	-	-	-34,175	-

Which funds bought or sold HEP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Mar 28, 2024	Newbridge Financial Services Group, Inc.	sold off	-100	-3,558	-	-%
Mar 27, 2024	NOMURA HOLDINGS INC	sold off	-100	-2,525,400	-	-%
Mar 22, 2024	PNC Financial Services Group, Inc.	sold off	-100	-439,200	-	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	sold off	-100	-44,226,400	-	-%
Feb 16, 2024	HARBOUR INVESTMENTS, INC.	sold off	-100	-1,654	-	-%
Feb 15, 2024	MONETA GROUP INVESTMENT ADVISORS LLC	sold off	-100	-732,959	-	-%
Feb 15, 2024	Westchester Capital Management, LLC	sold off	-100	-8,548,870	-	-%
Feb 15, 2024	JANE STREET GROUP, LLC	sold off	-100	-5,384,180	-	-%
Feb 15, 2024	BARCLAYS PLC	sold off	-100	-901,000	-	-%
Feb 15, 2024	MERCER GLOBAL ADVISORS INC /ADV	sold off	-100	-650,000	-	-%

Are Funds Buying or Selling HEP?

Are funds buying HEP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HEP

No. of Funds

Unveiling Holly Energy Partners LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Dec 04, 2023	hf sinclair corp	100%	1	SC 13D/A
Dec 04, 2023	reh co	0%	0	SC 13D/A
Aug 16, 2023	hf sinclair corp	47.2%	1	SC 13D/A
May 04, 2023	hf sinclair corp	47.2%	1	SC 13D/A
Feb 13, 2023	alps advisors inc	5.40%	6,821,862	SC 13G/A
Mar 24, 2022	sinclair companies	16.6%	2.1e+07	SC 13D
Mar 17, 2022	hf sinclair corp	47.2%	1	SC 13D/A
Feb 03, 2022	alps advisors inc	5.64%	5,947,463	SC 13G/A
Jan 31, 2022	invesco ltd.	3.2%	3,336,035	SC 13G/A
Aug 12, 2021	hollyfrontier corp	56.6%	1	SC 13D/A

Holly Energy Partners LP News

Latest updates

Holly Energy Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Revenue	13.3%	158	140	143	143	149	136	120	118	123	126	127	127	128	115	128	132	136	131	134	133	126
Operating Expenses	7.3%	91.00	85.00	81.00	83.00	89.00	86.00	69.00	69.00	68.00	70.00	80.00	65.00	104	62.00	62.00	66.00	72.00	67.00	64.00	67.00	63.00
S&GA Expenses	44.2%	8.00	6.00	5.00	4.00	4.00	5.00	4.00	3.00	4.00	3.00	3.00	2.00	2.00	3.00	3.00	3.00	3.00	2.00	3.00	3.00	2.00
EBITDA Margin	3.7%	0.78*	0.75*	0.76*	0.75*	0.72*	0.74*	0.73*	0.76*	0.76*	0.70*	0.75*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	3.2%	27.00	26.00	26.00	26.00	23.00	20.00	14.00	13.00	13.00	14.00	13.00	14.00	14.00	14.00	18.00	20.00	19.00	19.00	19.00	19.00	18.00
Income Taxes	150.0%	0.00	-0.03	0.00	0.00	0.00	0.00	0.00	-0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-
Earnings Before Taxes	23.1%	65.00	53.00	60.00	72.00	45.00	60.00	54.00	50.00	51.00	58.00	67.00	53.00	21.00	78.00	27.00	48.00	84.00	47.00	54.00	50.00	47.00
EBT Margin	6.9%	0.43*	0.40*	0.41*	0.42*	0.40*	0.43*	0.44*	0.46*	0.46*	0.39*	0.44*	-	-	-	-	-	-	-	-	-	-
Net Income	25.5%	63.00	50.00	58.00	68.00	42.00	57.00	50.00	46.00	49.00	56.00	64.00	51.00	18.00	76.00	25.00	46.00	82.00	46.00	51.00	48.00	45.00
Net Income Margin	7.9%	0.41*	0.38*	0.39*	0.40*	0.37*	0.40*	0.41*	0.43*	0.44*	0.37*	0.42*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-4.7%	85.00	89.00	62.00	85.00	78.00	72.00	58.00	42.00	59.00	54.00	49.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Assets	0.1%	2,707	2,705	2,733	2,748	2,765	2,775	2,777	2,166	2,153	2,173	2,171	2,168	2,162	2,222	2,188	2,199	2,154	2,148	2,162	2,103	2,107
Current Assets	17.0%	122	104	106	103	113	99.00	86.00	94.00	75.00	90.00	92.00	94.00	85.00	92.00	81.00	89.00	64.00	72.00	66.00	66.00	66.00
Cash Equivalents	43.1%	11.00	8.00	7.00	11.00	16.00	15.00	15.00	14.00	13.00	20.00	20.00	22.00	18.00	19.00	19.00	13.00	7.00	7.00	12.00	3.00	6.00
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	1,451	1,448	1,459	1,466	1,467	1,479	1,508	1,523	1,539	1,541
Goodwill	0%	343	343	343	343	322	314	307	224	224	224	224	235	235	69.00	270	270	270	270	270	270	270
Current Liabilities	17.7%	106	90.00	77.00	86.00	92.00	84.00	77.00	77.00	71.00	75.00	72.00	80.00	60.00	57.00	55.00	69.00	53.00	54.00	44.00	58.00	46.00
Long Term Debt	-1.8%	1,469	1,495	1,540	1,556	1,594	1,608	1,634	1,333	1,333	1,363	1,388	1,406	1,440	1,487	1,502	1,462	1,432	1,438	1,438	1,419	1,417
LT Debt, Non Current	-1.8%	1,469	1,495	1,540	1,556	1,594	1,608	1,634	1,333	1,333	1,363	1,388	1,406	1,440	1,487	1,502	1,462	1,432	1,438	1,438	1,419	1,417
Shareholder's Equity	2.0%	964	946	940	927	905	907	893	591	581	568	540	505	483	499	450	488	488	475	499	516	536
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	105	105	105	-	105	105	-	-	-
Minority Interest	-0.5%	68.00	69.00	69.00	70.00	69.00	69.00	72.00	148	143	143	134	126	118	118	112	107	84.00	85.00	87.00	88.00	89.00
Float	-	-	-	-	-	-	1,100	-	-	-	1,000	-	-	-	668	-	-	-	1,100	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Cashflow From Operations	-7.2%	90,809	97,900	69,814	92,552	86,011	80,672	71,814	53,321	78,666	79,966	82,142	90,587	90,446	56,647	77,947	68,844	83,228	73,834	71,155	77,801	56,449
Share Based Compensation	1.1%	371	367	354	352	266	607	620	701	646	527	683	646	567	474	506	-	-	-	-	-	-
Cashflow From Investing	-114.4%	-9,585	-4,471	-9,262	-9,629	-22,398	-4,214	-333,776	-10,755	-18,785	-18,887	-30,038	-20,332	-7,564	-10,984	-20,870	-23,390	-5,611	-6,945	-10,314	-12,810	-8,458
Cashflow From Financing	16.0%	-77,846	-92,689	-64,364	-87,557	-62,946	-76,590	262,597	-41,001	-66,626	-61,271	-54,341	-66,356	-83,704	-46,032	-51,082	-39,636	-77,089	-71,488	-52,346	-68,321	-48,272
Buy Backs	-	-	-	-	1,727	334	-	-	1,958	-	-	-	-	-	-	-	-	-	-	-	-	-

HEP Income Statement

2023-09-30

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues:
Revenues:	$ 158,360	$ 149,002	$ 441,409	$ 404,970
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)	58,422	60,470	163,706	156,994
Depreciation and amortization	24,362	25,236	74,922	74,397
General and administrative	7,947	3,751	18,094	12,745
Total operating costs and expenses	90,731	89,457	256,722	244,136
Operating income	67,629	59,545	184,687	160,834
Other income (expense):
Equity in earnings of equity method investments	3,581	(16,334)	11,008	(7,261)
Interest expense (including amortization)	(27,285)	(22,965)	(79,711)	(56,951)
Interest income	20,294	24,234	61,050	61,212
Gain on sale of assets and other	708	494	983	640
Total other income (expense)	(2,702)	(14,571)	(6,670)	(2,360)
Income before income taxes	64,927	44,974	178,017	158,474
State income tax expense	(16)	(38)	(18)	(83)
Net income	64,911	44,936	177,999	158,391
Allocation of net income attributable to noncontrolling interests	(1,886)	(2,985)	(7,223)	(10,089)
Net income attributable to the partners	$ 63,025	$ 41,951	$ 170,776	$ 148,302
Limited partners’ per unit interest in earnings— basic (in USD per share)	$ 0.50	$ 0.33	$ 1.35	$ 1.22
Limited partners’ per unit interest in earnings— diluted (in USD per share)	$ 0.50	$ 0.33	$ 1.35	$ 1.22
Weighted average limited partners’ units outstanding, basic (in shares)	126,440	126,440	126,440	120,902
Weighted average limited partners’ units outstanding, diluted (in shares)	126,440	126,440	126,440	120,902
Affiliates
Revenues:
Revenues:	$ 129,287	$ 122,868	$ 356,087	$ 325,659
Third parties
Revenues:
Revenues:	$ 29,073	$ 26,134	$ 85,322	$ 79,311

HEP Balance Sheet

2023-09-30

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents (Cushing Connect VIEs: $1,900 and $2,147, respectively)	$ 11,223	$ 10,917
Accounts receivable:
Accounts receivable	100,597	79,803
Prepaid and other current assets	10,026	12,397
Total current assets	121,846	103,117
Properties and equipment, net	1,362,829	1,388,888
Operating lease right-of-use assets, net	1,797	2,317
Net investment in leases (Cushing Connect VIEs: $101,855 and $101,871, respectively)	521,099	539,705
Intangible assets, net	51,681	59,300
Goodwill	342,762	342,762
Equity method investments (Cushing Connect VIEs: $32,753 and $34,746, respectively)	267,291	270,604
Deferred turnaround costs	21,279	24,154
Other assets	16,850	16,655
Total assets	2,707,434	2,747,502
Accounts payable:
Accounts payable	46,683	42,509
Accrued interest	17,512	17,992
Deferred revenue	21,066	12,087
Accrued property taxes	11,058	5,449
Current operating lease liabilities	793	968
Current finance lease liabilities	4,634	4,389
Other current liabilities	4,506	2,430
Total current liabilities	106,252	85,824
Long-term debt	1,468,505	1,556,334
Noncurrent operating lease liabilities	1,371	1,720
Noncurrent finance lease liabilities	60,474	62,513
Other long-term liabilities	28,571	29,111
Deferred revenue	16,878	24,613
Class B unit	61,034	60,507
Partners’ equity:
Common unitholders (126,440,201 units issued and outstanding at both September 30, 2023 and December 31, 2022)	896,066	857,126
Noncontrolling interests	68,283	69,754
Total equity	964,349	926,880
Total liabilities and equity	2,707,434	2,747,502
Trade
Accounts receivable:
Accounts receivable	17,460	16,344
Accounts payable:
Accounts payable	28,122	26,753
Affiliates
Accounts receivable:
Accounts receivable	83,137	63,459
Accounts payable:
Accounts payable	$ 18,561	$ 15,756

About Holly Energy Partners LP

Holly Energy Partners, L.P. provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to the petroleum industry in the United States. It operates through two segments, Pipelines and Terminals; and Refinery Processing Unit. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as 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. Holly Energy Partners, L.P. was incorporated in 2004 and is based in Dallas, Texas.

CEO	Mr. Michael C. Jennings
WEBSITE	hollyenergy.com
INDUSTRY	Oil - Midstream

Holly Energy Partners LP Frequently Asked Questions

What is the ticker symbol for Holly Energy Partners LP? What does HEP stand for in stocks?

HEP is the stock ticker symbol of Holly Energy Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Holly Energy Partners LP (HEP)?

As of Tue Apr 23 2024, market cap of Holly Energy Partners LP is 3.09 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HEP stock?

You can check HEP's fair value in chart for subscribers.

What is the fair value of HEP stock?

You can check HEP's fair value in chart for subscribers. The fair value of Holly Energy Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Holly Energy Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HEP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Holly Energy Partners LP a good stock to buy?

The fair value guage provides a quick view whether HEP is over valued or under valued. Whether Holly Energy Partners LP is cheap or expensive depends on the assumptions which impact Holly Energy Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HEP.

What is Holly Energy Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, HEP's PE ratio (Price to Earnings) is 13.29 and Price to Sales (PS) ratio is 5.45. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HEP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Holly Energy Partners LP's stock?

In the past 10 years, Holly Energy Partners LP has provided 0.051 (multiply by 100 for percentage) rate of return.