Strategic Partnership HEP maintains a strategic relationship with HF Sinclair, with HF Sinclair owning a significant stake in HEP. This suggests sales opportunities around expanded capacity, bundled services, or cross-sell of pipeline, terminals, and storage assets to HF Sinclair’s network and affiliates.

Fee Based Growth Revenue is primarily fee-based with limited commodity risk and long-term contracts with minimum volume commitments. This signals a stable, recurring revenue model ideal for upsell of maintenance, expansion, or optionality services such as throughput enhancements and terminal capacity expansion.

Asset Footprint A wide geographic footprint across multiple Western and Mountain states plus refinery processing units in Kansas and Utah provides a base for regional expansion, joint ventures, or targeted capacity projects aligned with growing demand in specific markets.

Expansion Momentum Recent asset acquisitions from Sinclair and ongoing relationship with HF Sinclair indicate active growth and integration opportunities. Sales conversations can center on asset integration services, upgrade of existing terminals, and scalability solutions to support continued consolidation.

Public Market Status HEP is a publicly traded master limited partnership with a long track record of quarterly payout growth and a sizable funding capacity. This positions the company as a potential client for capital-project financing, advisory services, and project development partnerships to accelerate asset deployment.