Saturday, August 03, 2013 9:33:36 PM
Holly Energy Partners L.P (NYSE: HEP ) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Holly Energy Partners L.P met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share shrank significantly.
Gross margins contracted, operating margins grew, net margins increased.
Revenue details
Holly Energy Partners L.P tallied revenue of $75.3 million. The five analysts polled by S&P Capital IQ expected net sales of $75.7 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $71.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.23. The five earnings estimates compiled by S&P Capital IQ forecast $0.30 per share. GAAP EPS of $0.23 for Q2 were 28% lower than the prior-year quarter's $0.32 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 67.4%, 10 basis points worse than the prior-year quarter. Operating margin was 43.2%, 250 basis points better than the prior-year quarter. Net margin was 26.8%, 250 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $80.0 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $314.6 million. The average EPS estimate is $1.24.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 95 members out of 109 rating the stock outperform, and 14 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Holly Energy Partners L.P a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Holly Energy Partners L.P is hold, with an average price target of $35.40.
Is Holly Energy Partners L.P the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
Recent HEP News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 12/11/2023 11:03:56 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/08/2023 05:15:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:30:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:27:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:10:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:08:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:08:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:07:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 10:07:22 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/04/2023 09:28:27 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/04/2023 09:20:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/04/2023 09:10:59 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 12/04/2023 09:07:55 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/04/2023 09:05:56 PM
- Form SC 13E3/A - Going private transaction by certain issuers: [Amend] • Edgar (US Regulatory) • 12/01/2023 09:41:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/01/2023 09:12:02 PM
- HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Expiration and Final Results of Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers • Business Wire • 11/30/2023 12:44:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/28/2023 10:09:06 PM
- 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 • Business Wire • 11/14/2023 12:14:00 AM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 11/03/2023 10:06:26 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM