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Holly Energy Partners

NYSE:HEP
Snowflake Description

Average dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HEP
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

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. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Holly Energy Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
HEP Share Price and Events
7 Day Returns
-0.6%
NYSE:HEP
-1%
US Oil and Gas
0.5%
US Market
1 Year Returns
-8.6%
NYSE:HEP
-17.7%
US Oil and Gas
0.8%
US Market
HEP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Holly Energy Partners (HEP) -0.6% -3% -3% -8.6% -21.2% -19.5%
US Oil and Gas -1% -6.3% -7.8% -17.7% -7.1% -40.8%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • HEP outperformed the Oil and Gas industry which returned -17.7% over the past year.
  • HEP underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
HEP
Industry
5yr Volatility vs Market

Value

 Is Holly Energy Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Holly Energy Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Holly Energy Partners.

NYSE:HEP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HEP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.908 (1 + (1- 21%) (52.79%))
1.192
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.192 * 5.96%)
9.84%

Discounted Cash Flow Calculation for NYSE:HEP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Holly Energy Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:HEP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.84%)
2019 231.94 Est @ 2.85% 211.17
2020 238.46 Est @ 2.81% 197.66
2021 245.11 Est @ 2.79% 184.98
2022 251.90 Est @ 2.77% 173.08
2023 258.85 Est @ 2.76% 161.93
2024 265.97 Est @ 2.75% 151.48
2025 273.27 Est @ 2.74% 141.70
2026 280.76 Est @ 2.74% 132.54
2027 288.44 Est @ 2.74% 123.98
2028 296.33 Est @ 2.73% 115.96
Present value of next 10 years cash flows $1,594.48
NYSE:HEP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $296.33 × (1 + 2.73%) ÷ (9.84% – 2.73%)
$4,283.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,283.68 ÷ (1 + 9.84%)10
$1,676.30
NYSE:HEP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,594.48 + $1,676.30
$3,270.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,270.78 / 105.44
$31.02
NYSE:HEP Discount to Share Price
Calculation Result
Value per share (USD) From above. $31.02
Current discount Discount to share price of $27.24
= -1 x ($27.24 - $31.02) / $31.02
12.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Holly Energy Partners is available for.
Intrinsic value
12%
Share price is $27.24 vs Future cash flow value of $31.02
Current Discount Checks
For Holly Energy Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Holly Energy Partners's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Holly Energy Partners's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Holly Energy Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Holly Energy Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HEP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.74
NYSE:HEP Share Price ** NYSE (2019-06-14) in USD $27.24
United States of America Oil and Gas Industry PE Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 12.63x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Holly Energy Partners.

NYSE:HEP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HEP Share Price ÷ EPS (both in USD)

= 27.24 ÷ 1.74

15.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Holly Energy Partners is overvalued based on earnings compared to the US Oil and Gas industry average.
  • Holly Energy Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Holly Energy Partners's expected growth come at a high price?
Raw Data
NYSE:HEP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
1.6%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 78 Publicly-Listed Oil and Gas Companies 0.36x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:HEP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.62x ÷ 1.6%

9.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Holly Energy Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Holly Energy Partners's assets?
Raw Data
NYSE:HEP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.91
NYSE:HEP Share Price * NYSE (2019-06-14) in USD $27.24
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 0.97x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:HEP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HEP Share Price ÷ Book Value per Share (both in USD)

= 27.24 ÷ 3.91

6.97x

* Primary Listing of Holly Energy Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Holly Energy Partners is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Holly Energy Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Holly Energy Partners has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Holly Energy Partners expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Holly Energy Partners expected to grow at an attractive rate?
  • Holly Energy Partners's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Holly Energy Partners's earnings growth is positive but not above the United States of America market average.
  • Holly Energy Partners's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HEP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HEP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 1.6%
NYSE:HEP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.6%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HEP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HEP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 537 207 1
2022-12-31 532 199 1
2021-12-31 538 312 203 4
2020-12-31 536 305 198 6
2019-12-31 529 293 195 5
NYSE:HEP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 512 286 184
2018-12-31 506 295 179
2018-09-30 503 278 217
2018-06-30 487 286 215
2018-03-31 478 275 198
2017-12-31 454 238 160
2017-09-30 438 243 99
2017-06-30 420 246 75
2017-03-31 406 240 79
2016-12-31 402 244 101
2016-09-30 387 243 105
2016-06-30 383 232 109

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Holly Energy Partners's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
  • Holly Energy Partners's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HEP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Holly Energy Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HEP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.96 1.97 1.94 2.00
2022-12-31 1.89 1.92 1.86 2.00
2021-12-31 1.94 2.06 1.77 5.00
2020-12-31 1.89 1.98 1.77 7.00
2019-12-31 1.84 1.86 1.80 6.00
NYSE:HEP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.74
2018-12-31 1.70
2018-09-30 2.15
2018-06-30 2.37
2018-03-31 2.46
2017-12-31 2.28
2017-09-30 1.56
2017-06-30 1.21
2017-03-31 1.29
2016-12-31 1.69
2016-09-30 1.78
2016-06-30 1.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Holly Energy Partners is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Holly Energy Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Holly Energy Partners has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Holly Energy Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Holly Energy Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Holly Energy Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • Holly Energy Partners's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Holly Energy Partners's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.
Earnings and Revenue History
Holly Energy Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Holly Energy Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HEP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 511.83 183.86 10.54
2018-12-31 506.22 178.85 11.04
2018-09-30 502.65 217.38 13.74
2018-06-30 487.23 214.87 14.87
2018-03-31 477.61 197.74 14.81
2017-12-31 454.36 159.99 14.32
2017-09-30 437.67 98.88 12.79
2017-06-30 419.91 75.13 11.83
2017-03-31 405.67 78.57 12.08
2016-12-31 402.04 101.02 12.53
2016-09-30 386.77 104.83 11.52
2016-06-30 382.55 109.08 12.52
2016-03-31 371.13 102.84 12.36
2015-12-31 358.88 93.96 12.56
2015-09-30 350.04 84.52 12.55
2015-06-30 343.78 82.27 11.14
2015-03-31 335.30 76.71 10.96
2014-12-31 332.55 70.09 10.82
2014-09-30 322.01 63.04 10.94
2014-06-30 317.60 57.05 11.08
2014-03-31 317.89 55.90 11.67
2013-12-31 305.18 51.93 11.75
2013-09-30 308.74 61.68 10.42
2013-06-30 305.07 64.98 9.40
2013-03-31 298.44 67.60 8.79
2012-12-31 292.56 71.70 7.59
2012-09-30 280.49 73.92 7.55
2012-06-30 255.39 68.60 8.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Holly Energy Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Holly Energy Partners used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Holly Energy Partners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Holly Energy Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Holly Energy Partners has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Holly Energy Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Holly Energy Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Holly Energy Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Holly Energy Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Holly Energy Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Holly Energy Partners Company Filings, last reported 2 months ago.

NYSE:HEP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 546.02 1,516.22 11.54
2018-12-31 561.72 1,418.90 3.05
2018-09-30 581.05 1,416.75 6.38
2018-06-30 602.97 1,395.60 6.66
2018-03-31 628.12 1,390.95 8.57
2017-12-31 528.21 1,507.31 7.78
2017-09-30 504.42 1,245.07 7.48
2017-06-30 521.58 1,236.74 16.40
2017-03-31 523.72 1,240.57 7.16
2016-12-31 512.11 1,243.91 3.75
2016-09-30 424.57 1,070.72 7.21
2016-06-30 428.42 1,083.54 4.88
2016-03-31 420.23 1,062.21 9.03
2015-12-31 660.16 1,008.87 15.01
2015-09-30 420.65 951.90 10.86
2015-06-30 425.71 901.61 10.42
2015-03-31 435.85 891.68 5.80
2014-12-31 476.61 868.05 2.83
2014-09-30 454.44 852.65 1.67
2014-06-30 462.31 840.88 6.07
2014-03-31 477.33 835.47 4.88
2013-12-31 487.06 809.44 6.35
2013-09-30 504.18 809.94 11.22
2013-06-30 518.13 799.15 8.72
2013-03-31 529.60 814.78 18.19
2012-12-31 466.76 868.10 5.24
2012-09-30 467.15 878.20 1.99
2012-06-30 312.86 615.58 4.22
  • Holly Energy Partners's level of debt (263.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (175.1% vs 263.5% today).
  • Debt is not well covered by operating cash flow (19.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess Holly Energy Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Holly Energy Partners has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Holly Energy Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.84%
Current annual income from Holly Energy Partners dividends. Estimated to be 9.75% next year.
If you bought $2,000 of Holly Energy Partners shares you are expected to receive $197 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Holly Energy Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Holly Energy Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HEP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HEP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.37 2.00
2022-12-31 2.34 2.00
2021-12-31 2.74 5.00
2020-12-31 2.73 7.00
2019-12-31 2.70 7.00
NYSE:HEP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-18 2.680 9.777
2019-01-24 2.670 9.378
2018-10-19 2.660 9.103
2018-07-19 2.640 8.536
2018-04-19 2.620 8.974
2018-01-26 2.600 8.901
2017-10-26 2.580 7.847
2017-08-02 2.530 7.616
2017-08-01 2.530 7.109
2017-04-27 2.480 7.416
2017-01-26 2.430 6.808
2016-10-21 2.380 7.293
2016-08-03 2.340 7.014
2016-08-02 2.340 6.788
2016-04-22 2.300 6.701
2016-01-22 2.260 7.677
2015-10-22 2.220 7.220
2015-07-23 2.180 7.038
2015-04-23 2.150 6.400
2015-01-22 2.120 6.577
2014-10-23 2.090 6.558
2014-08-06 2.060 5.836
2014-08-05 2.060 6.168
2014-05-02 2.030 5.933
2014-05-01 2.030 5.982
2014-02-24 2.000 6.136
2014-02-20 2.000 6.084
2013-10-28 1.970 6.168
2013-07-29 1.940 5.635
2013-04-26 1.910 5.063
2013-01-24 1.880 4.768
2012-10-26 1.850 5.586
2012-07-25 1.820 5.412
2012-04-25 1.790 6.270
2012-01-25 1.770 5.964
2011-10-26 1.750 6.400
2011-07-27 1.730 6.819
2011-04-27 1.710 6.376
2011-01-26 1.690 5.994
2010-10-26 1.670 6.513
2010-07-23 1.650 6.645
2010-04-23 1.630 7.553
2010-01-27 1.610 7.521
2009-10-22 1.590 8.233
2009-07-23 1.570 8.404

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Holly Energy Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.7x coverage).
X
Income/ dividend checks
We assess Holly Energy Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Holly Energy Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Holly Energy Partners has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Holly Energy Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
George Damiris
COMPENSATION $1,981,430
AGE 58
TENURE AS CEO 2.6 years
CEO Bio

Mr. George J. Damiris has been the Chief Executive Officer and President of HollyFrontier Corporation since January 1, 2016. Mr. Damiris has been Chief Executive Officer of Holly Logistic Services, LLC, the General Partner of Holly Energy Partners L.P. since November 1, 2016 and has been its President since February 2017. He served as Chief Operating Officer and Executive Vice President of HollyFrontier Corporation from September 11, 2014 to January 2016. He served as Senior Vice President of Supply & Marketing at HollyFrontier Corporation from January 7, 2008 to September 2014. He joined Holly in June 2007 as Vice President of Corporate Development. He served as President for Intermediates business of INVISTA S.à r.l. from January 2006 to May 2007 and as its Vice President of Corporate Development from January 2004 to December 2005. He served as the Managing Director of Capital Markets, responsible for capital market transactions, Managing Director of Ventures responsible for venture capital investments. Mr. Damiris has extensive industry experience and significant insight into issues facing the industry. His knowledge of the day-to-day operations of hfc provides a significant resource for the board and facilitates discussions between the board and hfc management. Mr. Damiris was with Koch Industries, Inc. and its affiliates since 1989 and served as Vice President of Koch Ventures, Inc. He served as Vice President of Koch Telecom Ventures, Inc. He served as Executive Vice President of Koch's refining group from 1996 to 1997, Vice President of Koch's chemical group from 1995 to 1996 and President of Koch's gas services group from 1994 to 1995. He started Koch's international chemicals trading business and served as its Vice President of Koch Supply and Trading since 1992. From 1989 to 1992, he served as Business Development Manager of Koch's petroleum group. Prior to joining Koch, he held various positions in British Petroleum's refining and chemicals divisions for 8 years. He has been a Director at Eagle Materials Inc. since September 27, 2016 and HollyFrontier Corporation since December 7, 2015. He has been Director of Holly Logistic Services, LLC, the General Partner of Holly Energy Partners L.P. since February 2, 2016. He serves as a Director of 3DI LLC, PF.Net Holdings Limited, Koch Telecom Ventures Inc., and Sea Breeze Communication Company. Mr. Damiris holds a BS in Chemical Engineering and an MBA from Case Western Reserve University.

CEO Compensation
  • George's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • George's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Holly Energy Partners management team in years:

3.7
Average Tenure
58
Average Age
  • The tenure for the Holly Energy Partners management team is about average.
Management Team

Rich Voliva

TITLE
Executive VP & CFO of Holly Logistic Services LLC
COMPENSATION
$654K
AGE
40
TENURE
3.7 yrs

Mark Cunningham

TITLE
Senior Vice President of Operations & Engineering - Holly Logistic Services
COMPENSATION
$795K
AGE
58
TENURE
1.4 yrs

Denise Mcwatters

TITLE
Senior VP
COMPENSATION
$667K
AGE
58
TENURE
11.2 yrs

George Damiris

TITLE
President
COMPENSATION
$2M
AGE
58
TENURE
2.6 yrs

Craig Biery

TITLE
Director of Investor Relations

Kenneth Norwood

TITLE
Vice President and Controller of Holly Logistic Services LLC
AGE
52
TENURE
5.3 yrs

Jared Harding

TITLE
Investor Relations Officer
Board of Directors Tenure

Average tenure and age of the Holly Energy Partners board of directors in years:

1.6
Average Tenure
65
Average Age
  • The average tenure for the Holly Energy Partners board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Jennings

TITLE
Chairman of Holly Logistic Services LLC
COMPENSATION
$211K
AGE
52
TENURE
1.6 yrs

George Damiris

TITLE
President
COMPENSATION
$2M
AGE
58
TENURE
3.3 yrs

Larry Baldwin

TITLE
Director of Holly Logistic Services LLC
COMPENSATION
$228K
AGE
65
TENURE
3.1 yrs

James Lee

TITLE
Independent Director of Holly Logistic Services LLC
COMPENSATION
$103K
AGE
69
TENURE
1.6 yrs

Christine LaFollette

TITLE
Director of Holly Logistic Services LLC
AGE
65
TENURE
1.3 yrs

Eric Mattson

TITLE
Director of Holly Logistic Services LLC
AGE
66
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. Nov 18 Sell Michael Jennings Individual 29. Nov 18 29. Nov 18 -5,000 $28.82 $-144,100
X
Management checks
We assess Holly Energy Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Holly Energy Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Who Owns Holly Energy Partners LP (NYSE:HEP)?

Every investor in Holly Energy Partners LP (NYSE:HEP) should be aware of the most powerful shareholder groups. … With a market capitalization of US$3.18b, Holly Energy Partners is rather large. … View our latest analysis for Holly Energy Partners

Simply Wall St -

Should You Buy Holly Energy Partners LP (NYSE:HEP) At This PE Ratio?

and want to begin learning the link between Holly Energy Partners LP (NYSE:HEP)’s fundamentals and stock market performance. … Holly Energy Partners LP (NYSE:HEP) trades with a trailing P/E of 11.7x, which is lower than the industry average of 13.5x. … While HEP might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Why Holly Energy Partners LP (NYSE:HEP) Should Be Your Next Investment

Holly Energy Partners LP (NYSE:HEP) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of HEP, it

Simply Wall St -

May Energy Dividend Favorites – Holly Energy Partners And More

NYSE:HEP Historical Dividend Yield May 29th 18 CVR Energy, Inc. … NYSE:CVI Historical Dividend Yield May 29th 18 DCP Midstream, LP (NYSE:DCP) DCP has a large dividend yield of 7.72% with a high payout ratio. … NYSE:DCP Historical Dividend Yield May 29th 18 For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.

Simply Wall St -

Can Holly Energy Partners LP. (NYSE:HEP) Continue To Outperform Its Industry?

See our latest analysis for Holly Energy Partners Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) weighs Holly Energy Partners’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Holly Energy Partners’s equity capital deployed. … This means Holly Energy Partners returns enough to cover its own cost of equity, with a buffer of 21.30%.

Simply Wall St -

Holly Energy Partners LP (NYSE:HEP): Ex-Dividend Is Coming In 3 Days, Should You Buy?

View our latest analysis for Holly Energy Partners 5 checks you should use to assess a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is its annual yield among the top 25% of dividend-paying companies? … NYSE:HEP Historical Dividend Yield Jan 29th 18 How well does Holly Energy Partners fit our criteria? … Next Steps: With this in mind, I definitely rank Holly Energy Partners as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio.

Simply Wall St -

Is It The Right Time To Buy Holly Energy Partners LP (HEP)?

Furthermore, it seems like HEP’s share price is quite stable, which means there may be less chances to buy low in the future now that it’s fairly valued. … HEP’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. … If you’ve been keeping tabs on HEP, now may not be the most advantageous time to buy, given it is trading around its fair value.

Simply Wall St -

Holly Energy Partners LP (HEP): Immense Growth Potential?

Holly Energy Partners LP (NYSE:HEP) is expected to deliver a solid 49.54% in earnings growth per share over the next three years. … To assess the reasonability of HEP’s earnings growth per share, we should look at its most recent growth rate delivered. … This illustrates a relatively optimistic outlook in the near term, with a relatively solid earnings per share growth rate of 49.54% over the next few years.

Simply Wall St -

Company Info

Description

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 Pipelines and Terminals, and Refinery Processing Units segments. 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 of rail storage; 7 locations with truck and/or rail racks; and tankages at 6 refining facility locations, as well as 5 refinery processing units. HEP Logistics Holdings, L.P. serves as the general partner of the company. Holly Energy Partners, L.P. was founded in 2004 and is based in Dallas, Texas.

Details
Name: Holly Energy Partners, L.P.
HEP
Exchange: NYSE
Founded: 2004
$2,872,191,075
105,440,201
Website: http://www.hollyenergy.com
Address: Holly Energy Partners, L.P.
2828 North Harwood,
Suite 1300,
Dallas,
Texas, 75201,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HEP Common Units New York Stock Exchange US USD 08. Jul 2004
DB HHN Common Units Deutsche Boerse AG DE EUR 08. Jul 2004
Number of employees
Current staff
Staff numbers
0
Holly Energy Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 23:56
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.