Holly Energy Partners slips after Q1 results [Seeking Alpha]
Holly Energy Partners, L.P. (HEP)
Last holly energy partners, l.p. earnings: 2/19 06:30 am
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investor.hollyenergy.com
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Source: Seeking Alpha
Holly Energy Partners slips after Q1 resultsHolly Energy Partners (HEP-0.8%) edges lower after reporting in-lineQ1 earnings and a 22% Y/Y revenue increase to $129M.HEP says it expects to see "a typical slight seasonal downturn" in Q2 followed by a strong rebound in H2 of 2018.HEP also disclosed plans to construct a truck loading rack in Orla, Tex., to service diesel demand in the Delaware Basin; construction will begin before the end of Q2 and is expected to conclude by year-end and cost $10M-$20M.Click to subscribe to real-time analytics on HEPNow read:Energy Transfer Partners Surges 12% In 2 Weeks... What Gives? »
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