Holly Energy Partners, L.P. (NYSE:HEP) is set to announce third quarter earning results on Wednesday 4th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HEP to report 3Q20 income of $ 0.43 per share.
For the full year, analysts anticipate top line of $ 494.26 million, while looking forward to income of $ 1.81 per share bottom line.
Previous Quarter Performance
Holly Energy Partners, L.P. communicated income for the second quarter of $ 0.40 per share, from the revenue of $ 114.81 million. The quarterly earnings reduced 6.98 percent while revenues down 12.19 percent compared with the same quarter last year.
Wall street analysts are predicting, HEP to report 2Q20 income of $ 0.29 per share from revenue of $ 104.98 million. The bottom line results beat street analysts by $ 0.11 or 37.93 percent, at the same time, top line results outshined analysts by $ 9.83 million or 9.36 percent.
Stock Performance
Shares of Holly Energy Partners, L.P. traded low $ -0.17 or -1.50 percent on Tuesday, reaching $ 11.15 with volume of 230.70 thousand shares. Holly Energy Partners, L.P. has traded high as $ 11.51 and has cracked $ 11.12 on the downward trend
According to the previous trading day, closing price of $ 11.15, representing a 72.30 % increase from the 52 week low of $ 6.57 and a 53.97 % decrease over the 52 week high of $ 24.59.
The company has a market capital of $ 1.18 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Conference Call
Holly Energy Partners, L.P. will be hosting a conference call at 4:00 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hollyenergy.com
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.
