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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Affiliates $ 64,480 $ 63,187 $ 136,312 $ 124,699
Third parties 10,518 12,098 25,690 24,884
Total revenues 74,998 75,285 162,002 149,583
Operating costs and expenses:        
Operations (exclusive of depreciation and amortization) 24,567 24,538 47,379 50,403
Depreciation and amortization 15,882 15,127 31,470 29,281
General and administrative 2,516 3,100 5,667 6,332
Total operating costs and expenses 42,965 42,765 84,516 86,016
Operating income 32,033 32,520 77,486 63,567
Other income (expense):        
Equity in earnings of SLC Pipeline 748 746 1,270 1,403
Interest expense (8,329) (11,629) (18,783) (24,113)
Interest income 0 4 3 107
Loss on early extinguishment of debt 0 0 (7,677) 0
Gain on sale of assets 0 0 0 2,022
Other Income (Expense) 26 0 34 0
Total other income (expense) (7,555) (10,879) (25,153) (20,581)
Income before income taxes 24,478 21,641 52,333 42,986
State income tax expense (28) (344) (103) (400)
Net Income 24,450 21,297 52,230 42,586
Allocation of Net Income Attributable to Noncontrolling Interest (1,416) (1,130) (5,053) (4,020)
Net income attributable to Holly Energy Partners 23,034 20,167 47,177 38,566
General partner interest in net income, including incentive distributions (8,393) (6,680) (16,394) (12,910)
Limited partners’ interest in net income $ 14,641 $ 13,487 $ 30,783 $ 25,656
Limited partners’ per unit interest in earnings—basic and diluted: $ 0.25 $ 0.23 $ 0.52 $ 0.44
Weighted average limited partners’ units outstanding 58,657 58,657 58,657 57,828