Holly Energy Partners L.P (NYSE: HEP) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Holly Energy Partners L.P met expectations on revenues and missed estimates on earnings per share.

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

Margins dropped across the board.

Revenue details
 Holly Energy Partners L.P logged revenue of $74.3 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $74.0 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $63.5 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 $0.18. The six earnings estimates compiled by S&P Capital IQ anticipated $0.33 per share. Non-GAAP EPS of $0.18 for Q1 were 40% lower than the prior-year quarter's $0.30 per share. GAAP EPS of $0.21 for Q1 were 30% lower than the prior-year quarter's $0.30 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 65.2%, 810 basis points worse than the prior-year quarter. Operating margin was 41.8%, much worse than the prior-year quarter. Net margin was 24.8%, 110 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $74.8 million. On the bottom line, the average EPS estimate is $0.34.

Next year's average estimate for revenue is $311.9 million. The average EPS estimate is $1.16.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 99 members out of 114 rating the stock outperform, and 15 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Holly Energy Partners L.P a green thumbs-up, and two give it a red thumbs-down.

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 $34.00.

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