Holly Energy Partner Reports Q4 Earnings

Holly Energy Partners, L.P. today reported fourth quarter net income of $9.7 million ($0.56 per basic and diluted limited partner unit) for the three months ended December 31, 2006 as compared to $7.2 million ($0.43 per basic and diluted limited partner unit) for the three months ended December 31, 2005.

Net income for the year ended December 31, 2006 was $27.5 million ($1.60 per basic and diluted limited partner unit) as compared to net income of $26.8 million ($1.70 per basic and diluted limited partner unit) for the year ended December 31, 2005.

Revenues of $25.3 million for the three months ended December 31, 2006 were $2.7 million higher than the $22.6 million for the comparable period of 2005.



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