Holly Energy Partners LP
NYSE:HEP
Income Statement
Earnings Waterfall
Holly Energy Partners LP
Revenue
|
584m
USD
|
Cost of Revenue
|
-217.4m
USD
|
Gross Profit
|
366.6m
USD
|
Operating Expenses
|
-115.9m
USD
|
Operating Income
|
250.7m
USD
|
Other Expenses
|
-11.8m
USD
|
Net Income
|
238.9m
USD
|
Income Statement
Holly Energy Partners LP
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
309
N/A
|
305
-1%
|
318
+4%
|
318
0%
|
322
+1%
|
333
+3%
|
335
+1%
|
344
+3%
|
350
+2%
|
359
+3%
|
371
+3%
|
383
+3%
|
387
+1%
|
402
+4%
|
406
+1%
|
420
+4%
|
438
+4%
|
454
+4%
|
478
+5%
|
487
+2%
|
503
+3%
|
506
+1%
|
512
+1%
|
524
+2%
|
534
+2%
|
533
0%
|
526
-1%
|
510
-3%
|
502
-2%
|
498
-1%
|
497
0%
|
509
+2%
|
504
-1%
|
495
-2%
|
488
-1%
|
497
+2%
|
524
+5%
|
548
+5%
|
571
+4%
|
575
+1%
|
584
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(96)
|
(99)
|
(96)
|
(97)
|
(100)
|
(106)
|
(112)
|
(112)
|
(111)
|
(106)
|
(106)
|
(109)
|
(117)
|
(124)
|
(136)
|
(141)
|
(145)
|
(138)
|
(141)
|
(142)
|
(142)
|
(146)
|
(148)
|
(154)
|
(163)
|
(162)
|
(160)
|
(154)
|
(149)
|
(148)
|
(154)
|
(162)
|
(164)
|
(171)
|
(172)
|
(184)
|
(201)
|
(211)
|
(220)
|
(219)
|
(217)
|
|
Gross Profit |
212
N/A
|
206
-3%
|
221
+8%
|
221
0%
|
222
+0%
|
226
+2%
|
224
-1%
|
232
+3%
|
239
+3%
|
253
+6%
|
266
+5%
|
273
+3%
|
269
-1%
|
278
+3%
|
270
-3%
|
279
+3%
|
293
+5%
|
317
+8%
|
336
+6%
|
346
+3%
|
361
+4%
|
360
0%
|
364
+1%
|
370
+2%
|
371
+0%
|
371
0%
|
367
-1%
|
357
-3%
|
353
-1%
|
350
-1%
|
343
-2%
|
347
+1%
|
339
-2%
|
324
-5%
|
316
-3%
|
314
-1%
|
322
+3%
|
337
+5%
|
351
+4%
|
355
+1%
|
367
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(74)
|
(77)
|
(79)
|
(79)
|
(75)
|
(73)
|
(73)
|
(72)
|
(74)
|
(76)
|
(78)
|
(78)
|
(80)
|
(83)
|
(88)
|
(92)
|
(93)
|
(94)
|
(101)
|
(105)
|
(110)
|
(110)
|
(108)
|
(107)
|
(107)
|
(107)
|
(107)
|
(109)
|
(110)
|
(110)
|
(111)
|
(111)
|
(108)
|
(106)
|
(104)
|
(107)
|
(110)
|
(114)
|
(117)
|
(117)
|
(116)
|
|
Selling, General & Administrative |
(10)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(13)
|
(13)
|
(12)
|
(13)
|
(12)
|
(13)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(15)
|
(14)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(16)
|
|
Depreciation & Amortization |
(63)
|
(65)
|
(67)
|
(68)
|
(64)
|
(63)
|
(62)
|
(61)
|
(62)
|
(63)
|
(65)
|
(66)
|
(68)
|
(70)
|
(76)
|
(80)
|
(80)
|
(79)
|
(86)
|
(90)
|
(96)
|
(99)
|
(97)
|
(97)
|
(97)
|
(97)
|
(97)
|
(98)
|
(100)
|
(100)
|
(101)
|
(101)
|
(96)
|
(94)
|
(91)
|
(93)
|
(96)
|
(99)
|
(102)
|
(101)
|
(100)
|
|
Operating Income |
139
N/A
|
129
-7%
|
143
+11%
|
143
0%
|
147
+3%
|
153
+4%
|
151
-1%
|
159
+5%
|
165
+3%
|
178
+8%
|
188
+6%
|
195
+4%
|
189
-3%
|
195
+3%
|
182
-7%
|
187
+3%
|
200
+7%
|
223
+12%
|
236
+6%
|
240
+2%
|
251
+5%
|
250
0%
|
256
+2%
|
263
+3%
|
265
+0%
|
264
0%
|
259
-2%
|
248
-4%
|
243
-2%
|
241
-1%
|
232
-3%
|
236
+2%
|
231
-2%
|
218
-6%
|
212
-3%
|
206
-2%
|
212
+3%
|
223
+5%
|
234
+5%
|
239
+2%
|
251
+5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(45)
|
(43)
|
(41)
|
(38)
|
(35)
|
(34)
|
(32)
|
(33)
|
(34)
|
(33)
|
(32)
|
(31)
|
(34)
|
(40)
|
(43)
|
(45)
|
(43)
|
(45)
|
(50)
|
(56)
|
(63)
|
(64)
|
(65)
|
(66)
|
(65)
|
(66)
|
(64)
|
(55)
|
(50)
|
(42)
|
(33)
|
(28)
|
(21)
|
(12)
|
(4)
|
9
|
(3)
|
9
|
4
|
(8)
|
4
|
|
Non-Reccuring Items |
0
|
0
|
(8)
|
(8)
|
(8)
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(12)
|
(12)
|
(12)
|
24
|
36
|
36
|
36
|
0
|
0
|
0
|
35
|
35
|
9
|
43
|
(28)
|
(28)
|
12
|
(22)
|
14
|
14
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(6)
|
|
Gain/Loss on Disposition of Assets |
2
|
2
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
1
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
9
|
9
|
9
|
14
|
6
|
6
|
6
|
0
|
1
|
1
|
1
|
1
|
1
|
|
Total Other Income |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
95
N/A
|
86
-9%
|
93
+8%
|
96
+3%
|
104
+8%
|
112
+8%
|
120
+7%
|
128
+6%
|
133
+4%
|
146
+10%
|
157
+7%
|
164
+5%
|
156
-5%
|
158
+1%
|
129
-18%
|
132
+3%
|
147
+11%
|
202
+38%
|
223
+10%
|
221
-1%
|
225
+2%
|
186
-17%
|
192
+3%
|
197
+3%
|
235
+19%
|
233
-1%
|
206
-12%
|
237
+15%
|
174
-27%
|
179
+3%
|
219
+22%
|
199
-9%
|
230
+15%
|
226
-2%
|
213
-6%
|
215
+1%
|
208
-3%
|
230
+10%
|
237
+3%
|
230
-3%
|
250
+9%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
|
Income from Continuing Operations |
95
|
86
|
93
|
96
|
104
|
112
|
120
|
127
|
133
|
146
|
156
|
164
|
156
|
158
|
128
|
132
|
146
|
202
|
223
|
221
|
225
|
186
|
192
|
197
|
235
|
233
|
206
|
237
|
174
|
179
|
219
|
199
|
229
|
226
|
213
|
215
|
208
|
230
|
236
|
230
|
250
|
|
Income to Minority Interest |
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(10)
|
(1)
|
(10)
|
2
|
1
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(9)
|
(11)
|
(13)
|
(13)
|
(14)
|
(13)
|
(12)
|
(11)
|
(10)
|
|
Net Income (Common) |
62
N/A
|
52
-16%
|
56
+8%
|
57
+2%
|
63
+10%
|
71
+13%
|
77
+8%
|
82
+7%
|
85
+4%
|
95
+11%
|
104
+9%
|
110
+6%
|
106
-4%
|
101
-5%
|
79
-22%
|
75
-4%
|
98
+30%
|
160
+63%
|
198
+24%
|
215
+9%
|
217
+1%
|
179
-18%
|
184
+3%
|
189
+3%
|
227
+20%
|
225
-1%
|
199
-12%
|
229
+16%
|
165
-28%
|
171
+3%
|
210
+23%
|
189
-10%
|
221
+17%
|
215
-3%
|
200
-7%
|
201
+1%
|
194
-4%
|
216
+12%
|
224
+4%
|
218
-3%
|
239
+10%
|
|
EPS (Diluted) |
1.07
N/A
|
0.89
-17%
|
0.96
+8%
|
0.98
+2%
|
1.08
+10%
|
1.21
+12%
|
1.3
+7%
|
1.39
+7%
|
1.44
+4%
|
1.62
+13%
|
1.76
+9%
|
1.87
+6%
|
1.8
-4%
|
1.69
-6%
|
1.24
-27%
|
1.17
-6%
|
1.54
+32%
|
2.28
+48%
|
1.9
-17%
|
2.03
+7%
|
2.06
+1%
|
1.7
-17%
|
1.75
+3%
|
1.8
+3%
|
2.15
+19%
|
2.13
-1%
|
1.88
-12%
|
2.18
+16%
|
1.57
-28%
|
1.62
+3%
|
2
+23%
|
1.8
-10%
|
2.1
+17%
|
2.04
-3%
|
1.63
-20%
|
1.58
-3%
|
1.53
-3%
|
1.77
+16%
|
1.77
N/A
|
1.72
-3%
|
1.89
+10%
|