Holly Energy Partners, L.P.

NYSE:HEP Stock Report

Market Cap: US$2.6b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Holly Energy Partners Management

Management criteria checks 3/4

Holly Energy Partners' CEO is Mike Jennings, appointed in Jan 2020, has a tenure of 3.92 years. total yearly compensation is $3.45M, comprised of 36.2% salary and 63.8% bonuses, including company stock and options. directly owns 0.021% of the company’s shares, worth $539.38K. The average tenure of the management team and the board of directors is 4.3 years and 5.9 years respectively.

Key information

Mike Jennings

Chief executive officer

US$3.5m

Total compensation

CEO salary percentage36.2%
CEO tenure3.9yrs
CEO ownership0.02%
Management average tenure4.3yrs
Board average tenure5.9yrs

Recent management updates

Recent updates

Holly Energy Partners: Operational Excellence As Investment Thesis Strengthens

Oct 04

Holly Energy Partners: Excellent Prospects Driven By High Economic Leverage On Capital Deployed

Sep 22

Holly Energy Partners: High Yield But Sustainable

Jun 21

Holly Energy Partners Q4 2022 Earnings Preview

Feb 23

Holly Energy Partners declares $0.35 dividend

Jan 20

Holly Energy Partners: The Scene Is Set For Higher Distributions

Jan 05

Holly Energy Partners Q3 2022 Earnings Preview

Nov 04

Holly Energy Partners declares $0.35 dividend

Oct 20

Holly Energy Partners Q2 2022 Earnings Preview

Aug 05

Holly Energy Partners declares $0.35 dividend

Jul 21

Holly Energy Partners: Higher Yield Coming After Sinclair Acquisition, 10%+ Possible

May 11

The 8.2% Distribution Yield Of Holly Energy Partners Is Ideal Amid High Inflation

Feb 24

Holly Energy Partners: The Great Deal, Buy Their 8%+ Yield And Get Any Growth For Free

Dec 07

All MLP Investors Should Have This Name In Their Portfolio: Holly Energy Partners

Sep 20

The 6.5% Distribution Yield Of Holly Energy Partners Is Safe

Jul 21

Holly Energy Partners: The 10% Yield Still Looking Healthy In 2021

Dec 21

Holly Energy Partners upped at Credit Suisse on cash flow yield

Nov 10

CEO Compensation Analysis

How has Mike Jennings's remuneration changed compared to Holly Energy Partners's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

US$239m

Jun 30 2023n/an/a

US$218m

Mar 31 2023n/an/a

US$224m

Dec 31 2022US$3mUS$1m

US$216m

Sep 30 2022n/an/a

US$194m

Jun 30 2022n/an/a

US$201m

Mar 31 2022n/an/a

US$199m

Dec 31 2021US$2mUS$1m

US$214m

Sep 30 2021n/an/a

US$220m

Jun 30 2021n/an/a

US$188m

Mar 31 2021n/an/a

US$209m

Dec 31 2020US$2mUS$1m

US$170m

Sep 30 2020n/an/a

US$165m

Jun 30 2020n/an/a

US$229m

Mar 31 2020n/an/a

US$199m

Dec 31 2019US$280kn/a

US$225m

Sep 30 2019n/an/a

US$227m

Jun 30 2019n/an/a

US$189m

Mar 31 2019n/an/a

US$184m

Dec 31 2018US$265kn/a

US$179m

Sep 30 2018n/an/a

US$217m

Jun 30 2018n/an/a

US$215m

Mar 31 2018n/an/a

US$198m

Dec 31 2017US$211kn/a

US$160m

Sep 30 2017n/an/a

US$99m

Jun 30 2017n/an/a

US$75m

Mar 31 2017n/an/a

US$79m

Dec 31 2016US$347kUS$290k

US$101m

Compensation vs Market: Mike's total compensation ($USD3.45M) is below average for companies of similar size in the US market ($USD6.59M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.


CEO

Mike Jennings (57 yo)

3.9yrs

Tenure

US$3,450,326

Compensation

Mr. Michael C. Jennings, also known as Mike, serves as Chief Executive Officer of HollyFrontier Corporation since March 14, 2022 and serves as its Director. He served as Chief Executive Officer of HF Sincl...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Jennings
Chairman3.9yrsUS$3.45m0.021%
$ 539.4k
John Harrison
Senior VP6.9yrsUS$314.74kno data
Vaishali Bhatia
Executive VP4.3yrsUS$801.28kno data
Robert Jamieson
Senior VP & COO of Holly Logistic Services LLCless than a yearno data0.030%
$ 784.2k
Craig Biery
Vice President of Investor Relationsno datano datano data
Kenneth Norwood
VP & Controller of Holly Logistic Services LLC9.8yrsno data0.044%
$ 1.1m
Trey Schonter
Executive of Investor Relationsno datano datano data
Jared Harding
Investor Relations Officerno datano datano data

4.3yrs

Average Tenure

57yo

Average Age

Experienced Management: HEP's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Jennings
Chairman12.2yrsUS$3.45m0.021%
$ 539.4k
James Lee
Independent Director of Holly Logistic Services LLC6.1yrsUS$215.01k0.016%
$ 418.9k
Eric Mattson
Independent Director of Holly Logistic Services LLC5.8yrsUS$240.01k0.018%
$ 461.0k
Christine LaFollette
Independent Director of Holly Logistic Services LLC5.8yrsUS$231.90k0.019%
$ 501.9k
Larry Baldwin
Independent Presiding Director of Holly Logistic Services LLC7.6yrsUS$265.01k0.024%
$ 613.6k
Mark Petersen
Director1.8yrsUS$269.77k0.0034%
$ 88.2k

5.9yrs

Average Tenure

70yo

Average Age

Experienced Board: HEP's board of directors are considered experienced (5.9 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/12/02 03:34
End of Day Share Price 2023/11/30 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Holly Energy Partners, L.P. is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yim ChengBarclays
Stewart GlickmanCFRA Equity Research
Douglas IrwinCitigroup Inc