Holly Energy Partners, L.P.
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ROIC.AI
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- Holly Energy Partners, L.P. is a master limited partnership engaged in the transportation, terminalling, storage, and throughput of petroleum products and crude oil primarily in the United States. The company operates a network of petroleum product and crude oil gathering pipelines, tankage, and terminals supported by refinery processing units in Texas, New Mexico, Kansas, Washington, Idaho, Oklahoma, Utah, Nevada, Wyoming, and Kansas. Its main products and services include refined product pipelines transporting light petroleum products such as conventional gasolines, reformulated gasoline, diesel, jet fuel, and liquefied petroleum gases; refined product terminals featuring automated truck loading equipment with capabilities for blending, additive injection, and filtering; and crude oil terminals servicing throughput from pipelines. Holly Energy Partners acts as a key midstream service provider to HF Sinclair Corporation’s refineries and the broader petroleum industry. Founded in 2004 and headquartered in Dallas, Texas, Holly Energy Partners underwent a significant corporate change in late 2023 when it merged fully into HF Sinclair Corporation, becoming a wholly owned subsidiary. This acquisition, completed on December 1, 2023, involved HF Sinclair acquiring all outstanding common units of Holly Energy Partners in a combination of cash and HF Sinclair common stock, thereby integrating Holly Energy Partners’ assets and operations into HF Sinclair Midstream. The merger is a major strategic shift aimed at optimizing and unifying HF Sinclair’s downstream midstream assets and expanding its geographical reach across multiple states through ownership and operation of pipelines, terminals, and storage facilities. This also followed HF Sinclair’s previous acquisitions that expanded its footprint in the energy sector, consolidating vertically integrated operations that include refining and midstream services. Holly Energy Partners primarily serves petroleum producers, refiners, and marketers, including HF Sinclair’s subsidiaries and third-party customers, facilitating the movement of refined products from production sites to end-user markets and retail outlets. Its pipeline system transports a wide range of refined petroleum products and intermediate feedstocks that are crucial in HF Sinclair’s refining operations, notably supported by facilities connected to major refineries like those in New Mexico and Texas. Holly Energy Partners generates revenues through terminalling fees for transferring products and additional services such as blending and additive injection, mainly servicing HF Sinclair and related marketing activities in the petroleum sector. The company operates within the broader midstream energy sector, providing infrastructure essential to the supply chain of crude oil and refined petroleum products across the southwestern and western United States. The integration with HF Sinclair represents a strategic consolidation that leverages Holly Energy Partners’ established infrastructure portfolio to enhance operational efficiency, capital project execution, and market coverage across several states, complementing HF Sinclair’s refining and marketing operations under a unified corporate structure. Through this acquisition, Holly Energy Partners reinforces its position as a critical midstream asset provider in the North American energy market.
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HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration
HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration
Holly Energy Partners, L.P. (HEP) Q3 2023 Earnings Call Transcript
Holly Energy Partners, L.P. Reports Third Quarter Results
HOLLY ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Holly Energy Partners, L.P. - HEP
HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Commencement of Private Exchange Offers and Consent Solicitations by HF Sinclair Corporation for Outstanding Notes of Holly Energy Partners, L.P.
HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Commencement of Private Exchange Offers and Consent Solicitations by HF Sinclair Corporation for Outstanding Notes of Holly Energy Partners, L.P.
Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit
Holly Energy Partners, L.P. and HF Sinclair Corporation Third Quarter 2023 Earnings Release and Conference Webcast
HF Sinclair Corporation and Holly Energy Partners, L.P. Third Quarter 2023 Earnings Release and Conference Webcast
Holly Energy Partners: Operational Excellence As Investment Thesis Strengthens
Holly Energy Partners: Excellent Prospects Driven By High Economic Leverage On Capital Deployed
Energy Income Weekly: The Energy Sector Starts To Outperform
HOLLY ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Holly Energy Partners, L.P. - HEP