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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Affiliates $ 63,187 $ 57,774 [1] $ 124,699 [1] $ 114,305 [1]
Third parties 12,098 10,886 [1] 24,884 22,770 [1]
Total revenues 75,285 68,660 [1] 149,583 137,075 [1]
Operating costs and expenses:        
Operations 24,538 21,907 [1] 50,403 42,382 [1]
Depreciation and amortization 15,127 14,150 [1] 29,281 28,450 [1]
General and administrative 3,100 2,487 [1] 6,332 4,526 [1]
Total operating costs and expenses 42,765 38,544 [1] 86,016 75,358 [1]
Operating income 32,520 30,116 [1] 63,567 61,717 [1]
Other income (expense):        
Equity in earnings of SLC Pipeline 746 794 [1] 1,403 1,625 [1]
Interest expense (11,629) (11,324) [1] (24,113) (21,729) [1]
Interest income 4 0 [1] 107 0 [1]
Loss on early extinguishment of debt 0 (383) [1] 0 (2,979) [1]
Gain on sale of assets 0 0 [1] 2,022 0 [1]
Other nonoperating income (expense) and equity earnings (10,879) (10,913) [1] (20,581) (23,083) [1]
Income before income taxes 21,641 19,203 [1] 42,986 38,634 [1]
State income tax expense (344) (75) [1] (400) (150) [1]
Net Income 21,297 19,128 [1] 42,586 38,484 [1]
Allocation of net loss attributable to Predecessors 0 2,192 [1] 0 4,053 [1]
Allocation of Net Income (Loss) Attributable to Noncontrolling Interest (1,130) 683 [1] (4,020) 1,240 [1]
Net income attributable to Holly Energy Partners 20,167 22,003 [1] 38,566 43,777 [1]
General partner interest in net income, including incentive distributions (6,680) (5,894) [1] (12,910) (11,398) [1]
Limited partners’ interest in net income $ 13,487 $ 16,109 [1] $ 25,656 $ 32,379 [1]
Limited partners’ per unit interest in earnings—basic and diluted: $ 0.23 $ 0.29 [1] $ 0.44 $ 0.59 [1]
Weighted average limited partners’ units outstanding 58,657 54,722 [1] 57,828 54,722 [1]
[1] Restated as described in Note 1.