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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.00M | $139.75M | $143.29M | - | $149.00M | $135.77M | $120.20M | - | $122.58M | $126.23M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $7.95M | $5.51M | $4.63M | - | $3.75M | $4.68M | $4.31M | - | $3.85M | $2.85M |
| Total Operating Expenses | $90.73M | $84.55M | $81.44M | - | $89.46M | $85.56M | $69.12M | - | $68.47M | $69.92M |
| D&A | $24.36M | $25.90M | $24.66M | - | $25.24M | $26.97M | $22.19M | - | $21.83M | $25.00M |
| Operating Income | $67.63M | $55.20M | $61.85M | - | $59.55M | $50.22M | $51.07M | - | $54.12M | $56.32M |
| Interest Expense | $27.29M | $26.45M | $25.98M | - | $22.96M | $20.35M | $13.64M | - | $13.42M | $13.94M |
| Income Tax | $16.0K | ($32.0K) | $34.0K | - | $38.0K | $14.0K | $31.0K | - | $34.0K | $27.0K |
| Net Income | $63.02M | $50.23M | $57.52M | - | $41.95M | $56.79M | $49.56M | - | $49.16M | $55.74M |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.22M | $7.84M | $7.11M | $10.92M | $15.55M | $14.88M | $15.02M | $14.38M | $12.82M | $19.56M |
| Accounts Receivable | $100.60M | $84.34M | $15.44M | $16.34M | $14.83M | $13.58M | $15.19M | $12.74M | $12.12M | $14.75M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $46.68M | $35.79M | $28.10M | $42.51M | $44.28M | $37.80M | $42.56M | $40.28M | $40.08M | $40.55M |
| Current Assets | $121.85M | $104.12M | $105.77M | $103.12M | $112.99M | $99.41M | $86.25M | $94.31M | $74.62M | $89.91M |
| Total Assets | $2.71B | $2.71B | $2.73B | $2.75B | $2.76B | $2.78B | $2.78B | $2.17B | $2.15B | $2.17B |
| Current Liabilities | $106.25M | $90.25M | $76.63M | $85.82M | $92.42M | $84.15M | $77.38M | $76.85M | $71.47M | $74.54M |
| Long-term Debt | $1.47B | $1.50B | $1.54B | $1.56B | $1.59B | $1.61B | $1.63B | $1.33B | $1.33B | $1.36B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $964.35M | $945.61M | $939.65M | $926.88M | $904.55M | $907.19M | $893.34M | $590.55M | $581.23M | $567.78M |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $69.81M | - | - | - | $71.81M | - | - | - |
| Investing Cash Flow | - | - | ($9.26M) | - | - | - | ($333.78M) | - | - | - |
| Financing Cash Flow | - | - | ($64.36M) | - | - | - | $262.60M | - | - | - |
| CapEx | - | - | $7.61M | - | - | - | $14.15M | - | - | - |
| Free Cash Flow | - | - | $62.20M | - | - | - | $57.67M | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 45.4% | 39.5% | 43.2% | - | 40.0% | 37.0% | 42.5% | - | 44.1% | 44.6% |
| EBITDA margin | 61.7% | 58.0% | 60.4% | - | 56.9% | 56.9% | 61.0% | - | 62.0% | 64.4% |
| Net margin | 42.3% | 35.9% | 40.1% | - | 28.2% | 41.8% | 41.2% | - | 40.1% | 44.2% |
| Free cash flow margin | - | - | 43.4% | - | - | - | 48.0% | - | - | - |
| FCF / Net income | - | - | 1.08 | - | - | - | 1.16 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.3% | 3.9% | 3.2% | - | 2.5% | 3.4% | 3.6% | - | 3.1% | 2.3% |
| Effective tax rate | 0.0% | -0.1% | 0.1% | - | 0.1% | 0.0% | 0.1% | - | 0.1% | 0.0% |
| Return on assets | 2.3% | 1.9% | 2.1% | - | 1.5% | 2.0% | 1.8% | - | 2.3% | 2.6% |
| Return on equity | 6.5% | 5.3% | 6.1% | - | 4.6% | 6.3% | 5.5% | - | 8.5% | 9.8% |
| Return on invested capital | 2.8% | 2.3% | 2.5% | - | 2.4% | 2.0% | 2.0% | - | 2.8% | 2.9% |
| Liquidity | ||||||||||
| Current ratio | 1.15 | 1.15 | 1.38 | 1.20 | 1.22 | 1.18 | 1.11 | 1.23 | 1.04 | 1.21 |
| Quick ratio | 1.15 | 1.15 | 1.38 | 1.20 | 1.22 | 1.18 | 1.11 | 1.23 | 1.04 | 1.21 |
| Cash ratio | 0.11 | 0.09 | 0.09 | 0.13 | 0.17 | 0.18 | 0.19 | 0.19 | 0.18 | 0.26 |
| Leverage | ||||||||||
| Debt / Equity | 1.52 | 1.58 | 1.64 | 1.68 | 1.76 | 1.77 | 1.83 | 2.26 | 2.29 | 2.40 |
| Debt / Assets | 0.54 | 0.55 | 0.56 | 0.57 | 0.58 | 0.58 | 0.59 | 0.62 | 0.62 | 0.63 |
| Debt / EBITDA | 15.96 | 18.44 | 17.80 | - | 18.80 | 20.84 | 22.31 | - | 17.56 | 16.76 |
| Interest coverage | 2.5x | 2.1x | 2.4x | - | 2.6x | 2.5x | 3.7x | - | 4.0x | 4.0x |
| Equity multiplier | 2.81 | 2.86 | 2.91 | 2.96 | 3.06 | 3.06 | 3.11 | 3.67 | 3.70 | 3.83 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | 0.05 | 0.05 | - | 0.05 | 0.05 | 0.04 | - | 0.06 | 0.06 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 246d | 220d | 39d | - | 36d | 37d | 46d | - | 36d | 43d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 0.0% | 2.9% | 19.2% | - | 21.6% | 7.6% | -5.5% | - | -4.0% | 10.0% |
| Revenue CAGR (3y) | 5.3% | 6.8% | 3.9% | - | 3.1% | 1.3% | -3.7% | - | -0.9% | 2.1% |
| Revenue CAGR (5y) | 3.4% | 3.3% | 2.1% | - | 6.2% | 4.5% | 2.6% | - | 5.8% | 5.9% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 13.6% | 9.9% | 21.1% | - | 10.0% | -10.8% | 9.2% | - | 129.8% | 7.3% |
| Net income growth (YoY) | 50.2% | -11.6% | 16.1% | - | -14.7% | 1.9% | -23.0% | - | 176.0% | -27.1% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 7.9% | - | - | - | 17.9% | - | - | - |
| FCF CAGR (5y) | - | - | -1.7% | - | - | - | 10.3% | - | - | - |
| Book value growth (YoY) | 6.6% | 4.2% | 5.2% | 57.0% | 55.6% | 59.8% | 65.6% | 16.9% | 20.3% | 13.9% |
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%
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.