Holly Energy Partners L.P (NYSE: HEP) reported earnings on Feb. 21. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Holly Energy Partners L.P beat expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share dropped.

Gross margins grew, operating margins contracted, net margins expanded.

Revenue details
 Holly Energy Partners L.P tallied revenue of $81.4 million. The four analysts polled by S&P Capital IQ expected sales of $76.5 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $68.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.37. The five earnings estimates compiled by S&P Capital IQ forecast $0.38 per share. GAAP EPS of $0.37 for Q4 were 14% lower than the prior-year quarter's $0.43 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 70.4%, 20 basis points better than the prior-year quarter. Operating margin was 50.3%, 280 basis points worse than the prior-year quarter. Net margin was 33.2%, 140 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $73.9 million. On the bottom line, the average EPS estimate is $0.36.

Next year's average estimate for revenue is $306.5 million. The average EPS estimate is $1.49.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Holly Energy Partners L.P is hold, with an average price target of $33.00.

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