Holly Energy Partners Earnings Preview: Can This Streak Finally End?

Holly Energy Partners L.p (NYSE:HEP) will report earnings before markets open on Tuesday, April 30th. Holly Energy Partners, L.P. operates a system of refined product pipelines and distribution terminals primarily in West Texas, New Mexico, Utah, and Arizona. The Company’s services include transporting products through its pipeline, terminalling refined products and other hydrocarbons, and storing and providing other services at its terminals.

Here is your Cheat Sheet to Holly Energy Partners L.p Earnings:

Earnings Expectations: Analysts expect earnings of $0.33 per share on revenues of $73.97 million. Currently, the company’s P/E ratio stands at 31.30.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.35 to a profit $0.34. For the current year, the average estimate is a profit of $1.46, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Holly Energy Partners L.p has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 108.82 146.56 182.10 214.27 292.56
Diluted EPS ($) 0.66 1.59 1.333 0.69 0.645

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 69.36 63.52 63.69 72.50 85.57
Diluted EPS ($) 0.4125 0.30 0.315 0.34 0.3931

Past Performance:
Holly Energy Partners L.p has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)