Holly Energy Partners, L.P. (HEP)

[Wildbilly]

Holly Energy Partners Declares Quarterly Distribution;
34th Consecutive Quarterly Distribution Increase Increases quarterly distribution to $0.4775 per unit from $0.47 per unit


DALLAS, Apr 26, 2013 (BUSINESS WIRE) -- The Board of Directors of Holly Energy
Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.4775 per unit
for the first quarter of 2013. For the prior quarter, $0.47 was distributed to
unitholders. This distribution, which represents a 6.7% increase over the split
adjusted $.4475 per unit distribution declared for the first quarter of 2012,
marks the thirty-fourth consecutive quarterly increase. Holly Energy has
increased its distribution to unitholders every quarter since becoming a
publicly-traded partnership in July 2004. The distribution will be paid May 15,
2013 to unitholders of record May 6, 2013.

Holly Energy will announce its first quarter of 2013 earnings on Tuesday, April
30, 2013, before the opening of trading on the NYSE. The partnership will hold a
webcast conference on April 30, 2013 at 4:00 pm Eastern time to discuss
financial results.

The webcast may be accessed at:
https://event.webcasts.com/starthere.jsp?ei=1015237.

This release is intended to be a qualified notice under Treasury Regulation
Section 1.1446-4(b). Please note that one hundred percent (100.0%) of Holly
Energy Partner's distributions to foreign investors
are attributable to income that is effectively connected with a United States
trade or business. Accordingly, Holly Energy
Partner's distributions to foreign investors are
subject to federal income tax withholding at the highest applicable effective
tax rate.

About Holly Energy Partners, L.P.:

Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum
product and crude oil transportation, tankage and terminal services to the
petroleum industry, including HollyFrontier Corporation, which currently owns a
39% interest (including a 2% general partner interest) in Holly Energy. Holly
Energy owns and operates petroleum product and crude pipelines, tankage,
terminals and loading facilities located in Texas, New Mexico, Arizona,
Oklahoma, Washington, Idaho, Utah, Kansas and Wyoming. In addition, Holly Energy
owns a 75% interest in UNEV Pipeline, LLC, the owner of a Holly Energy operated
refined products pipeline running from Salt Lake City, Utah to Las Vegas,
Nevada, and related product terminals and a 25% interest in SLC Pipeline LLC, a
95-mile intrastate pipeline system serving refineries in the Salt Lake City,
Utah area.

Information about Holly Energy Partners, L.P. may be found on its website at
http://www.hollyenergy.com.


http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130426005928r1&sid=cmtx4&distro=nx

SOURCE: Holly Energy Partners, L.P.



CONTACT:          
Holly Energy Partners, L.P.
Julia Heidenreich, 214-954-6511
Vice President, Investor Relations
or
M. Neale Hickerson, 214-954-651
Investor Relations




Copyright Business Wire 2013

-0-




KEYWORD:          United States

                  North America

                  Texas

INDUSTRY KEYWORD: Energy

                  Oil/Gas

SUBJECT CODE:     Advisory

                  Dividend

                  Earnings

                  Conference Call

                  Webcast

Source: Comtext Market News
?