DALLAS, Texas - Holly Energy Partners, L.P. (NYSE: HEP) on July 30 reported its financial results for the second quarter of 2009.
For the quarter, distributable cash flow was $16.4 million, up $2.4 million or 17 percent from the same period last year.
Net income attributable to HEP for the second quarter of 2009 was $16.4 million ($0.82 per basic and diluted limited partner unit) compared to $3.8 million ($0.18 per basic and diluted limited partner unit) for the same period of 2008.
The limited partner per unit amounts are after giving effect to an increase in outstanding common units following the completion of HEP’s public offering of 2,192,400 common units during the quarter.
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