Holly Energy Partners: Another 12% High-Yield Play

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About: Holly Energy Partners, L.P. (HEP), Includes: HFC
by: Value Kicker
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Value Kicker
Long only, value, growth at reasonable price, CFA
Summary

Holly Energy Partners is offering a high yield at 12% in a relatively lower-risk section of the midstream industry.

The company's financials are typical for what we see with other MLPs. Nothing to justify the unusually high yield.

The main risk being that it is a smaller MLP serving a single customer.

Holly Energy Partners (HEP) is an MLP that owns petroleum and crude oil pipelines, terminals and refinery processes that predominantly supports HollyFrontier Corporation (HFC). Geographically the company is located in the