Holly Energy Partners, L.P. announced a cash distribution of more than 67 cents a share for the second quarter of 2019.
The Board of Directors of the Dallas-based company declared the distribution to be $0.6725 per unit compared to 66 cents a unit for the second quarter of 2018.
Holly Energy has increased its distribution to unitholders every quarter since becoming a publicly-traded partnership in July 2004, with the most recent distribution marking the 59th consecutive quarterly distribution increase.
The distribution will be paid on August 13, 2019 to unitholders of record on July 29, 2019.
Holly Energy plans to announce results for its second quarter of 2019 on July 31, 2019 before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on July 31, 2019 at 4:00 p.m. Eastern time to discuss financial results.
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. Holly Energy, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Washington, Idaho, Oklahoma, Utah, Nevada, Wyoming and Kansas as well as refinery processing units in Kansas and Utah.
