HEP · Holly Energy Partners LP - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $497.85M | $494.50M | $497.85M | $532.78M | $402.04M | $454.36M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $17.00M | $12.64M | $9.99M | $10.25M | $11.04M | $14.32M |
| Total Operating Expenses | $326.72M | $288.00M | $292.91M | $268.95M | $255.96M | $231.21M |
| D&A | $99.09M | $93.80M | $99.58M | $96.70M | $98.49M | $79.28M |
| Operating Income | $220.76M | $206.50M | $204.94M | $263.82M | $250.26M | $223.16M |
| Interest Expense | $82.56M | $53.82M | $59.42M | $76.82M | $71.90M | $58.45M |
| Income Tax | $111.0K | $32.0K | $167.0K | - | - | - |
| Net Income | $216.78M | $214.95M | $170.48M | $224.88M | $178.85M | $195.04M |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.92M | $14.38M | $21.99M | $13.29M | $3.04M | $7.78M |
| Accounts Receivable | $16.34M | $12.74M | $14.54M | $18.73M | $12.33M | $12.80M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $42.51M | $40.28M | $46.40M | $34.55M | $30.66M | $22.27M |
| Current Assets | $103.12M | $94.31M | $93.99M | $89.36M | $66.47M | $74.39M |
| Total Assets | $2.75B | $2.17B | $2.17B | $2.20B | $2.10B | $2.15B |
| Current Liabilities | $85.82M | $76.85M | $79.75M | $68.61M | $57.90M | $55.48M |
| Long-term Debt | $1.56B | $1.33B | $1.41B | $1.46B | $1.42B | $1.51B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $926.88M | $590.55M | $505.36M | $487.76M | $515.56M | $485.06M |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $331.05M | $294.10M | $315.63M | $297.06M | $295.21M | $238.49M |
| Investing Cash Flow | ($370.02M) | ($78.47M) | ($59.75M) | ($46.26M) | ($52.34M) | ($286.27M) |
| Financing Cash Flow | $35.50M | ($223.24M) | ($247.17M) | ($240.56M) | ($247.60M) | $51.91M |
| CapEx | $38.96M | $90.00M | $59.28M | $30.11M | $47.30M | $44.81M |
| Free Cash Flow | $292.08M | $204.10M | $256.34M | $266.95M | $247.91M | $193.68M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 44.3% | 41.8% | 41.2% | 49.5% | 62.2% | 49.1% |
| EBITDA margin | 64.2% | 60.7% | 61.2% | 67.7% | 86.7% | 66.6% |
| Net margin | 43.5% | 43.5% | 34.2% | 42.2% | 44.5% | 42.9% |
| Free cash flow margin | 58.7% | 41.3% | 51.5% | 50.1% | 61.7% | 42.6% |
| FCF / Net income | 1.35 | 0.95 | 1.50 | 1.19 | 1.39 | 0.99 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 3.4% | 2.6% | 2.0% | 1.9% | 2.7% | 3.2% |
| Effective tax rate | 0.1% | 0.0% | 0.1% | - | - | - |
| Return on assets | 7.9% | 9.9% | 7.9% | 10.2% | 8.5% | 9.1% |
| Return on equity | 23.4% | 36.4% | 33.7% | 46.1% | 34.7% | 40.2% |
| Return on invested capital | 8.9% | 10.7% | 10.7% | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.20 | 1.23 | 1.18 | 1.30 | 1.15 | 1.34 |
| Quick ratio | 1.20 | 1.23 | 1.18 | 1.30 | 1.15 | 1.34 |
| Cash ratio | 0.13 | 0.19 | 0.28 | 0.19 | 0.05 | 0.14 |
| Leverage | ||||||
| Debt / Equity | 1.68 | 2.26 | 2.78 | 3.00 | 2.75 | 3.11 |
| Debt / Assets | 0.57 | 0.62 | 0.65 | 0.66 | 0.67 | 0.70 |
| Debt / EBITDA | 4.87 | 4.44 | 4.62 | 4.06 | 4.07 | 4.98 |
| Interest coverage | 2.7x | 3.8x | 3.4x | 3.4x | 3.5x | 3.8x |
| Equity multiplier | 2.96 | 3.67 | 4.29 | 4.51 | 4.08 | 4.44 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.18 | 0.23 | 0.23 | 0.24 | 0.19 | 0.21 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 12d | 9d | 11d | 13d | 11d | 10d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 0.7% | -0.7% | -6.6% | 32.5% | -11.5% | 13.0% |
| Revenue CAGR (3y) | -2.2% | 7.1% | 3.1% | 9.8% | 3.9% | 11.0% |
| Revenue CAGR (5y) | 1.8% | 4.2% | 6.8% | 9.9% | 5.7% | 9.2% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 6.9% | 0.8% | -22.3% | 5.4% | 12.1% | 14.4% |
| Net income growth (YoY) | 0.9% | 26.1% | -24.2% | 25.7% | -8.3% | 23.3% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 43.1% | -20.4% | -4.0% | 7.7% | 28.0% | 5.8% |
| FCF CAGR (5y) | 8.6% | 2.2% | 8.4% | - | - | -5.0% |
| Book value growth (YoY) | 57.0% | 16.9% | 3.6% | -5.4% | 6.3% | 2.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-31.
Business segments
$891.54M totalPipelines And Terminals Segment$344.06M · 38.6%
Pipelines And Terminals Pipelines$285.45M · 32.0%
Pipelines And Terminals Terminals$167.81M · 18.8%
Refinery Processing Unit Segment$94.22M · 10.6%
Product / service
$213.85M totalService Other$213.85M · 100.0%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
3/9
Weak
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Pipe Lines (No Natural Gas)
Comparing HOLLY ENERGY PARTNERS LP against the 5 most active filers in the same SIC group.