Strategic Partnership HEP is a master limited partnership with HF Sinclair, holding a strategic relationship that drives potential collaboration on fee-based transport, terminalling, and storage services, suggesting cross-sell opportunities within HF Sinclair’s integrated operations.

Long-Term Contracts A substantial portion of HEP’s business operates under long-term contracts with minimum volume commitments, indicating recurring revenue streams and stable demand that can be leveraged to propose bundled or expanded capacity solutions to existing customers.

Asset Footprint HEP owns and operates pipelines, tankage, terminals and refinery processing units across multiple states in high-growth markets, presenting opportunities to upsell additional capacity, maintenance services, or expansion projects in geographically diverse downstream infrastructure.

Fee-Based Model Revenue is largely fee-based with limited commodity risk, highlighting a stable and predictable customer economics proposition. This can be used to approach treasury or procurement teams with value-driven, long-term service agreements and rate certainty.

Recent M&A Activity HEP has recently acquired assets from HF Sinclair and engaged in a merger-related partnership, signaling a growth trajectory and potential for advisory or integration services, project financing, and scalable logistics solutions to support expansion.