HEP / Holly Energy Partners L.P. - Unit - Pemfailan SEC, Laporan Tahunan, Penyata Proksi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 15 CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 15 CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission File Number 001-32225 HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified

HEP / Holly Energy Partners L.P. - Unit / Sinclair Companies - SC 13D/A Activist Investment

SC 13D/A 1 d568408dsc13da.htm SC 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Holly Energy Partners, L.P. (Name of Issuer) Common Units (Title of Class of Securities) 435763107 (CUSIP Number) REH Company 550 East South Temple Salt Lake City, Utah 84102 Attn: General Counsel with a copy to: David P. Oelman Mi

HEP / Holly Energy Partners L.P. - Unit / HF Sinclair Corp - SC 13D/A Activist Investment

SC 13D/A 1 d627386dsc13da.htm SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 15) Holly Energy Partners, L.P. (Name of Issuer) Common Units (Title of Class of Securities) 435763 10 7 (CUSIP Number) Atanas H. Atanasov Executive Vice President and Chief Financial Officer HF Sinclair Corporation 2828 N. Harwood S

As filed with the Securities and Exchange Commission on December 4, 2023

As filed with the Securities and Exchange Commission on December 4, 2023 Registration No 333-265154 No.

Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Material Modification to Rights of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 4, 2023 Holly Energy Partners, L.P. (Exact Name of Registrant as Specified in its Charter) DELAWARE 001-32225 20-0833098 (State or Other Jurisdiction of Incorporation) (Commi

As filed with the Securities and Exchange Commission on December 4, 2023

As filed with the Securities and Exchange Commission on December 4, 2023 Registration No.

As filed with the Securities and Exchange Commission on December 4, 2023

As filed with the Securities and Exchange Commission on December 4, 2023 Registration No.

As filed with the Securities and Exchange Commission on December 4, 2023

As filed with the Securities and Exchange Commission on December 4, 2023 Registration No 333-265154 No.

As filed with the Securities and Exchange Commission on December 4, 2023

As filed with the Securities and Exchange Commission on December 4, 2023 Registration No 333-265154 No.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 1, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

PARENT GUARANTY AGREEMENT

Exhibit 10.2 Execution Copy PARENT GUARANTY AGREEMENT This Parent Guaranty Agreement dated as of December 1, 2023 (this “Guaranty”) is executed by HF SINCLAIR CORPORATION, a Delaware corporation (“Guarantor”), in favor of Wells Fargo Bank, National Association, as Administrative Agent (in such capacity, the “Administrative Agent”) for the ratable benefit of itself, the Lenders, the Issuing Banks,

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 5 SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) o

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 5 to SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) of the Securities Exchange Act of 1934 HOLLY ENERGY PARTNERS, L.P. (Name of the Issuer) Holly Energy Partners, L.P. HF Sinclair Corporation Navajo P

AMENDMENT NO. 3 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT HOLLY ENERGY PARTNERS, L.P., as Borrower, HF SINCLAIR CORPORATION, as Parent, THE FINANCIAL INSTITUTIONS PARTY HERETO, as Lenders, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrativ

Exhibit 10.1 Execution Copy AMENDMENT NO. 3 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT among HOLLY ENERGY PARTNERS, L.P., as Borrower, HF SINCLAIR CORPORATION, as Parent, THE FINANCIAL INSTITUTIONS PARTY HERETO, as Lenders, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent Dated as of December 1, 2023 AMENDMENT NO. 3 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT This Amendme

EX-99.25

NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on December 12, 2023, pursuant to the provisions of Rule 12d2-2 (a).

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 29, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact Name of Registrant as Specified in its Charter) Delaware 001-32225 20-0833098 (State or Other Jurisdiction of Incorporation) (Comm

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Expiration and Final Results of Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers

Exhibit 99.1 HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Expiration and Final Results of Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers DALLAS, November 29, 2023—(BUSINESS WIRE)—HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE: HEP) (“HEP”) today announced the expiration and final results of the prev

HF SINCLAIR CORPORATION STOCKHOLDERS AND HOLLY ENERGY PARTNERS, L.P. UNITHOLDERS APPROVE MERGER TRANSACTION

Exhibit 99.1 HF SINCLAIR CORPORATION STOCKHOLDERS AND HOLLY ENERGY PARTNERS, L.P. UNITHOLDERS APPROVE MERGER TRANSACTION DALLAS—November 28, 2023—HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (“HEP”) (NYSE: HEP) announced that at a special meeting of HEP unitholders (the “HEP Special Meeting”) and a special meeting of HF Sinclair stockholders (the “HF Sinclai

Regulation FD Disclosure, Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 28, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Comm

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration

EX-99.1 Exhibit 99.1 HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration DALLAS, November 13, 2023—(BUSINESS WIRE)—HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE:

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration

EX-99.1 Exhibit 99.1 HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration DALLAS, November 13, 2023—(BUSINESS WIRE)—HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE:

HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE THIRD SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 Indenture dated as of F

EX-4.2 Exhibit 4.2 HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE THIRD SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 to Indenture dated as of February 4, 2020 TABLE OF CONTENTS Page ARTICLE I AMENDMENTS 2 Section 1.1 Amendments to the Indenture 2 ARTICLE II MISCELLAN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 10, 2023 HF Sinclair Cor

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 10, 2023 HF Sinclair Corporation (Exact Name of Registrant as Specified in its Charter) Delaware 001-41325 87-2092143 (State or Other Jurisdiction of incorporation) (Comm

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration

EX-99.1 Exhibit 99.1 HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration DALLAS, November 13, 2023—(BUSINESS WIRE)—HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE:

HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE THIRD SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 Indenture dated as of F

EX-4.2 Exhibit 4.2 HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE THIRD SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 to Indenture dated as of February 4, 2020 TABLE OF CONTENTS Page ARTICLE I AMENDMENTS 2 Section 1.1 Amendments to the Indenture 2 ARTICLE II MISCELLAN

HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE THIRD SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 Indenture dated as of F

EX-4.2 Exhibit 4.2 HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE THIRD SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 to Indenture dated as of February 4, 2020 TABLE OF CONTENTS Page ARTICLE I AMENDMENTS 2 Section 1.1 Amendments to the Indenture 2 ARTICLE II MISCELLAN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 10, 2023 HOLLY ENERGY PA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 10, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact Name of Registrant as Specified in its Charter) Delaware 001-32225 20-0833098 (State or Other Jurisdiction of incorporation) (Comm

HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE SECOND SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 Indenture dated as of

EX-4.1 Exhibit 4.1 HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE SECOND SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 to Indenture dated as of April 8, 2022 TABLE OF CONTENTS Page ARTICLE I AMENDMENTS 2 Section 1.1 Amendments to the Indenture 2 ARTICLE II MISCELLANEO

HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE SECOND SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 Indenture dated as of

EX-4.1 Exhibit 4.1 HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE SECOND SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 to Indenture dated as of April 8, 2022 TABLE OF CONTENTS Page ARTICLE I AMENDMENTS 2 Section 1.1 Amendments to the Indenture 2 ARTICLE II MISCELLANEO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 10, 2023 HOLLY ENERGY PA

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 10, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact Name of Registrant as Specified in its Charter) Delaware 001-32225 20-0833098 (State or Other Jurisdiction of incorporation) (

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 4 SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) o

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 4 to SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) of the Securities Exchange Act of 1934 HOLLY ENERGY PARTNERS, L.P. (Name of the Issuer) Holly Energy Partners, L.P. HF Sinclair Corporation Navajo P

HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE SECOND SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 Indenture dated as of

EX-4.1 Exhibit 4.1 HOLLY ENERGY PARTNERS, L.P. and HOLLY ENERGY FINANCE CORP. AS ISSUERS and Each of the Guarantors Party Hereto and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE SECOND SUPPLEMENTAL INDENTURE Dated as of November 10, 2023 to Indenture dated as of April 8, 2022 TABLE OF CONTENTS Page ARTICLE I AMENDMENTS 2 Section 1.1 Amendments to the Indenture 2 ARTICLE II MISCELLANEO

Filed by HF Sinclair Corporation

Filed by HF Sinclair Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Holly Energy Partners, L.

Filed by Holly Energy Partners, L.P.

Filed by Holly Energy Partners, L.P. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Holly Energy Partners, L.P. Commission File No: 001-32225 This filing relates to the proposed business combination transaction between Holly Energy Partners, L.P. (“HEP”) and HF Sinclair Corporation (“HF Sincl

Nine Months Ended September 30,

Earnings Release November 2, 2023 Holly Energy Partners, L.P. Reports Third Quarter Results •Reported net income attributable to HEP of $63.0 million or $0.50 per unit •Announced quarterly distribution of $0.35 per unit •Reported EBITDA of $94.4 million and Adjusted EBITDA of $118.5 million Dallas, Texas - Holly Energy Partners, L.P. ("HEP") (NYSE: HEP) today reported financial results for the thi

Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant.

EXHIBIT 22.1 Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant The table below sets forth the subsidiaries of Holly Energy Partners, L.P. (the “Partnership”) listed as guarantors or as co-issuer under the Partnership’s Registration Statement on Form S-3 (No. 333-265154). Entity Jurisdiction of Incorporation or Orga

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-32225 HOLLY E

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 2, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

ISIN No.

Exhibit 99.1 HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Commencement of Private Exchange Offers and Consent Solicitations by HF Sinclair Corporation for Outstanding Notes of Holly Energy Partners, L.P. and Holly Energy Finance Corp. DALLAS, October 30, 2023 – (BUSINESS WIRE)— HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE: HEP) (“HE

620 South Tryon Street, 20th Floor Charlotte, North Carolina 28255 Toll Free: (888) 292-0070 Collect: (980) 387-3907 E-mail: [email protected] Attn: Liability Management

Exhibit 99.1 HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Commencement of Private Exchange Offers and Consent Solicitations by HF Sinclair Corporation for Outstanding Notes of Holly Energy Partners, L.P. and Holly Energy Finance Corp. DALLAS, October 30, 2023 – (BUSINESS WIRE)— HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE: HEP) (“HE

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 3 SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) o

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 3 to SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) of the Securities Exchange Act of 1934 HOLLY ENERGY PARTNERS, L.P. (Name of the Issuer) Holly Energy Partners, L.P. HF Sinclair Corporation Navajo P

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 30, 2023 HF Sinclair Corp

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 30, 2023 HF Sinclair Corporation (Exact Name of Registrant as Specified in its Charter) DELAWARE 001-41325 87-2092143 (State or Other Jurisdiction of Incorporation) (Commissio

620 South Tryon Street, 20th Floor Charlotte, North Carolina 28255 Toll Free: (888) 292-0070 Collect: (980) 387-3907 E-mail: [email protected] Attn: Liability Management

Exhibit 99.1 HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Commencement of Private Exchange Offers and Consent Solicitations by HF Sinclair Corporation for Outstanding Notes of Holly Energy Partners, L.P. and Holly Energy Finance Corp. DALLAS, October 30, 2023 – (BUSINESS WIRE)— HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE: HEP) (“HE

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 30, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact Name of Registrant as Specified in its Charter) DELAWARE 001-32225 20-0833098 (State or Other Jurisdiction of Incorporation) (Commi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 30, 2023 HOLLY ENERGY PAR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 30, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact Name of Registrant as Specified in its Charter) DELAWARE 001-32225 20-0833098 (State or Other Jurisdiction of Incorporation) (Commi

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) o

SC 13E3/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 to SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) of the Securities Exchange Act of 1934 HOLLY ENERGY PARTNERS, L.P. (Name of the Issuer) Holly Energy Partners, L.P. HF Sinclair Corporatio

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Defi

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): October 19, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 001-32225 20-0833098 (State of Incorporation) (Commission File Number) (I.

October 19, 2023

Exhibit 99.1 October 19, 2023 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS—(BUSINESS WIRE) — The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per common unit for the third quarter of 2023. The distribution will be paid on November 10, 2023 to unitholders of record on October 30, 2023. HEP plans to annou

Discussion materials prepared by Barclays Capital, Inc., dated July 19, 2023, for the Conflicts Committee of the Board of Directors of HF Sinclair Corporation.

Exhibit (c)(2)(B) Board Presentation July 19, 2023 Apple | Proposal Summaries Spot Price Initial Offer Initial Offer Counteroffer Undisturbed Price Current Price Current Price as of 5/3/23 as of 7/14/23 as of 7/14/23 DINO Spot Price $41.

Discussion materials prepared by Barclays Capital, Inc., dated July 21, 2023, for the Conflicts Committee of the Board of Directors of HF Sinclair Corporation.

Exhibit (c)(2)(C) Board Presentation July 21, 2023 Apple | Proposal Summaries Spot Price Initial Offer Initial Offer Counteroffer Undisturbed Price Current Price Current Price as of 5/3/23 as of 7/20/23 as of 7/20/23 DINO Spot Price $41.

Discussion materials prepared by Barclays Capital, Inc., dated August 11, 2023, for the Conflicts Committee of the Board of Directors of HF Sinclair Corporation.

Exhibit (c)(2)(E) Conflicts Committee Presentation August 11, 2023 Apple | Proposal Summary Spot Price Initial Offer Initial Offer 1st HEP Counteroffer DINO Revised Proposal 2nd HEP Counteroffer Proposed DINO Counteroffer Undisturbed Price Current Price Current Price Current Price Current Price Current Price as of 5/3/23 as of 8/10/23 as of 8/10/23 as of 8/10/23 as of 8/10/23 as of 8/10/23 DINO Spot Price $41.

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) o

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 to SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) of the Securities Exchange Act of 1934 HOLLY ENERGY PARTNERS, L.P. (Name of the Issuer) Holly Energy Partners, L.P. HF Sinclair Corporation Navajo P

Discussion materials prepared by Barclays Capital, Inc., dated May 1, 2023, for the Board of Directors of HF Sinclair Corporation and the Conflicts Committee of the Board of Directors of HF Sinclair Corporation.

Exhibit (c)(2)(A) BOARD PRESENTATION May 1, 2023 NYSE: DINO Important Notice This presentation (this “Presentation”) was prepared by Barclays Capital Inc.

Discussion materials prepared by Barclays Capital, Inc., dated August 1, 2023, for the Conflicts Committee of the Board of Directors of HF Sinclair Corporation.

Exhibit (c)(2)(D) Board Presentation August 1, 2023 Apple | Proposal Summary Spot Price Initial Offer Initial Offer 1st HEP Counteroffer DINO Revised Proposal 2nd HEP Counteroffer Undisturbed Price Current Price Current Price Current Price Current Price as of 5/3/23 as of 7/31/23 as of 7/31/23 as of 7/31/23 as of 7/31/23 DINO Spot Price $41.

Discussion materials prepared by Intrepid Partners, LLC, dated August 9, 2023, for the Conflicts Committee of the Board of Directors of Holly Logistic Services, L.L.C.

PR PRELIM ELIMINAR INARY Y WOR WORKING KING DRAF DRAFT T – – SUBJECT SUBJECT TO TO FUR FURTHE THER REV R REVIEW IEW AND AND MOD MODIFICAT IFICATION ION Exhibit (c)(3)(H) PROJECT APPLE DISCUSSION MATERIALS August 9, 2023 Exchange Ratio (x) PRELIMINARY WORKING DRAFT – SUBJECT TO FURTHER REVIEW AND MODIFICATION HEP and DINO Trading Analysis Since Proposal Indexed Price Performance Since Proposal LT&S Peer Indexed Price Performance Since Proposal 130% DKL NS PAA PAA: $15.

Discussion materials prepared by Intrepid Partners, LLC, dated June 1, 2023, for the Conflicts Committee of the Board of Directors of Holly Logistic Services, L.L.C.

PRE PREL LIMINA IMINARY RY W WO ORKING RKING DRAF DRAFT T – – S SUB UBJECT JECT TO TO FURTHE FURTHER R RE REV VIE IEW W A AND ND MOD MODIFICA IFICATIO TION N Exhibit (c)(3)(A) PROJECT APPLE DISCUSSION MATERIALS June 1, 2023 PRELIMINARY WORKING DRAFT – SUBJECT TO FURTHER REVIEW AND MODIFICATION Intrepid Transaction Team Team Member Experience Selected Work Experience • Intrepid: 2015 – Present (Co-

Discussion materials prepared by Intrepid Partners, LLC, dated June 26, 2023, for the Conflicts Committee of the Board of Directors of Holly Logistic Services, L.L.C.

PRE PREL LIMINA IMINARY RY W WO ORKING RKING DRAF DRAFT T – – S SUB UBJECT JECT TO TO FURTHE FURTHER R RE REV VIE IEW W A AND ND MOD MODIFICA IFICATIO TION N Exhibit (c)(3)(B) PROJECT APPLE DISCUSSION MATERIALS June 26, 2023 PRELIMINARY WORKING DRAFT – SUBJECT TO FURTHER REVIEW AND MODIFICATION Table of Contents I.

Discussion materials prepared by Intrepid Partners, LLC, dated August 11, 2023, for the Conflicts Committee of the Board of Directors of Holly Logistic Services, L.L.C.

PR PRELIM ELIMINAR INARY Y WOR WORKING KING DRAF DRAFT T – – SUBJECT SUBJECT TO TO FUR FURTHE THER REV R REVIEW IEW AND AND MOD MODIFICAT IFICATION ION Exhibit (c)(3)(I) PROJECT APPLE DISCUSSION MATERIALS August 11, 2023 Exchange Ratio (x) PRELIMINARY WORKING DRAFT – SUBJECT TO FURTHER REVIEW AND MODIFICATION HEP and DINO Trading Analysis Since Proposal Indexed Price Performance Since Proposal LT&S Peer Indexed Price Performance Since Proposal 130% DKL NS PAA PAA: $15.

Discussion materials prepared by Barclays Capital, Inc., dated August 14, 2023, for the Board of Directors of HF Sinclair Corporation.

Exhibit (c)(2) Board Presentation August 14, 2023 Apple | Proposal Summary Spot Price Initial Offer Initial Offer 1st HEP Counteroffer DINO Revised Proposal 2nd HEP Counteroffer 2nd DINO Revised Proposal Undisturbed Price Current Price Current Price Current Price Current Price Current Price as of 5/3/23 as of 8/11/23 as of 8/11/23 as of 8/11/23 as of 8/11/23 as of 8/11/23 DINO Spot Price $41.

Presentation prepared by Intrepid Partners, LLC, dated August 15, 2023, for the Conflicts Committee of the Board of Directors of Holly Logistic Services, L.L.C.

Exhibit (c)(3)(J) PRESENTATION TO THE CONFLICTS COMMITTEE OF THE BOARD OF DIRECTORS OF HOLLY LOGISTIC SERVICES, L.

Discussion materials prepared by Intrepid Partners, LLC, dated July 14, 2023, for the Conflicts Committee of the Board of Directors of Holly Logistic Services, L.L.C.

EX-99.(C)(3)(D) PR PRELIM ELIMINAR INARY Y WOR WORKING KING DRAF DRAFT T – – SUBJECT SUBJECT TO TO FUR FURTHE THER REV R REVIEW IEW AND AND MOD MODIFICAT IFICATION ION Exhibit (c)(3)(D) PROJECT APPLE DISCUSSION MATERIALS July 14, 2023 PRELIMINARY WORKING DRAFT – SUBJECT TO FURTHER REVIEW AND MODIFICATION Market Performance and Implied Proposal | “Then” vs. “Now” 5/3/23 (“Then”) 7/13/23 (“Now”) Cha

Filing Fee Table.

Exhibit 107 Calculation of Filing Fee Tables Table 1—Transaction Value    Transaction    Valuation     Fee Rate        Amount of    Filing Fee Fees to Be Paid $1,528,911,630.

Discussion materials prepared by Intrepid Partners, LLC, dated July 13, 2023, for the Conflicts Committee of the Board of Directors of Holly Logistic Services, L.L.C.

PR PRELIM ELIMINAR INARY Y WOR WORKING KING DRAF DRAFT T – – SUBJECT SUBJECT TO TO FUR FURTHE THER REV R REVIEW IEW AND AND MOD MODIFICAT IFICATION ION Exhibit (c)(3)(C) PROJECT APPLE DISCUSSION MATERIALS July 13, 2023 PRELIMINARY WORKING DRAFT – SUBJECT TO FURTHER REVIEW AND MODIFICATION Table of Contents I.

Discussion materials prepared by Intrepid Partners, LLC, dated July 24, 2023, for the Conflicts Committee of the Board of Directors of Holly Logistic Services, L.L.C.

PR PRELIM ELIMINAR INARY Y WOR WORKING KING DRAF DRAFT T – – SUBJECT SUBJECT TO TO FUR FURTHE THER REV R REVIEW IEW AND AND MOD MODIFICAT IFICATION ION Exhibit (c)(3)(E) PROJECT APPLE DISCUSSION MATERIALS July 24, 2023 Volume (000) Volume (000) PRELIMINARY WORKING DRAFT – SUBJECT TO FURTHER REVIEW AND MODIFICATION HEP and DINO Trading Analysis Since Proposal HEP Price Performance and Volume Since Proposal DINO Price Performance and Volume Since Proposal $53.

Delaware Code Title 6 § 17-212.

Exhibit (f)(2) Delaware Revised Uniform Limited Partnership Act Delaware Code Title 6 § 17-212.

Discussion materials prepared by Intrepid Partners, LLC, dated August 2, 2023, for the Conflicts Committee of the Board of Directors of Holly Logistic Services, L.L.C.

PR PRELIM ELIMINAR INARY Y WOR WORKING KING DRAF DRAFT T – – SUBJECT SUBJECT TO TO FUR FURTHE THER REV R REVIEW IEW AND AND MOD MODIFICAT IFICATION ION Exhibit (c)(3)(G) PROJECT APPLE DISCUSSION MATERIALS August 2, 2023 Exchange Ratio (x) PRELIMINARY WORKING DRAFT – SUBJECT TO FURTHER REVIEW AND MODIFICATION HEP and DINO Trading Analysis Since Proposal Indexed Price Performance Since Proposal LT&S Peer Indexed Price Performance Since Proposal 140% DKL NS PAA 130% PAA: $14.

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

Exhibit 99.1 UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS On August 2, 2021, HollyFrontier Corporation (“HFC”), Hippo Parent Corporation, a wholly-owned subsidiary of HFC (“New Parent” or, following the consummation of the HFC Transactions (as defined below), HF Sinclair Corporation, or “HF Sinclair”), Hippo Merger Sub, Inc., a wholly-owned subsidiary of New Parent (“Parent Merge

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 22, 2023 HF SINCLAIR CO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 22, 2023 HF SINCLAIR CORPORATION (Exact name of Registrant as specified in its charter) Delaware 001-41325 87-2092143 (State or Other Jurisdiction of Incorporation) (Commiss

Discussion materials prepared by Intrepid Partners, LLC, dated July 27, 2023, for the Conflicts Committee of the Board of Directors of Holly Logistic Services, L.L.C.

PR PRELIM ELIMINAR INARY Y WOR WORKING KING DRAF DRAFT T – – SUBJECT SUBJECT TO TO FUR FURTHE THER REV R REVIEW IEW AND AND MOD MODIFICAT IFICATION ION Exhibit (c)(3)(F) PROJECT APPLE DISCUSSION MATERIALS July 27, 2023 Exchange Ratio (x) PRELIMINARY WORKING DRAFT – SUBJECT TO FURTHER REVIEW AND MODIFICATION HEP and DINO Trading Analysis Since Proposal Indexed Price Performance Since Proposal LT&S Peer Price Performance Since Proposal 140% DKL NS PAA PAA: $14.

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) of the Securities

SC 13E3 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER Rule 13e-3 Transaction Statement Under Section 13(e) of the Securities Exchange Act of 1934 HOLLY ENERGY PARTNERS, L.P. (Name of the Issuer) Holly Energy Partners, L.P. HF Sinclair Corporation Navajo Pipeline Co.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 8, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Comm

Agreement and Plan of Merger, dated August 15, 2023, by and among HF Sinclair Corporation, Navajo Pipeline Co., L.P., Holly Apple Holdings LLC, Holly Energy Partners, L.P., HEP Logistics Holdings, L.P., and Holly Logistic Services, L.L.C.

Exhibit 2.1 Execution Version AGREEMENT AND PLAN OF MERGER by and among HF SINCLAIR CORPORATION, NAVAJO PIPELINE CO., L.P., HOLLY APPLE HOLDINGS LLC, HOLLY LOGISTIC SERVICES, L.L.C., HEP LOGISTICS HOLDINGS, L.P. and HOLLY ENERGY PARTNERS, L.P. August 15, 2023 TABLE OF CONTENTS Page ARTICLE I DEFINED TERMS; CONSTRUCTION 3 Section 1.1 Definitions 3 Section 1.2 Interpretation 15 ARTICLE II THE MERGER

Today, HF Sinclair Corporation (HF Sinclair) and Holly Energy Partners, L.P. (HEP) announced that we have entered into a definitive merger agreement for HF Sinclair to acquire all outstanding common units of HEP not owned by HF Sinclair or its affili

Exhibit 99.1 Today, HF Sinclair Corporation (HF Sinclair) and Holly Energy Partners, L.P. (HEP) announced that we have entered into a definitive merger agreement for HF Sinclair to acquire all outstanding common units of HEP not owned by HF Sinclair or its affiliates. Details of the transaction, which we expect to close in the fourth quarter of 2023, can be found here. While we don’t expect there

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 (August 15, 2023)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 (August 15, 2023) HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of inco

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 (August 15, 2023)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 (August 15, 2023) HF SINCLAIR CORPORATION (Exact name of Registrant as specified in its charter) Delaware 001-41325 87-2092143 (State or other jurisdiction of incorpor

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Definitive Merger Agreement

EX-99.1 Exhibit 99.1 HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Definitive Merger Agreement • Consideration consists of HF Sinclair common stock at a fixed exchange ratio of 0.315, plus $4.00 in cash per each publicly held HEP common unit • Will simplify corporate structure, reduce costs, and further support the integration and optimization of the HF Sinclair portfolio • Tran

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Definitive Merger Agreement

EX-99.1 Exhibit 99.1 HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Definitive Merger Agreement • Consideration consists of HF Sinclair common stock at a fixed exchange ratio of 0.315, plus $4.00 in cash per each publicly held HEP common unit • Will simplify corporate structure, reduce costs, and further support the integration and optimization of the HF Sinclair portfolio • Tran

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 HOLLY ENERGY PART

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commis

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Definitive Merger Agreement

EX-99.1 Exhibit 99.1 HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Definitive Merger Agreement • Consideration consists of HF Sinclair common stock at a fixed exchange ratio of 0.315, plus $4.00 in cash per each publicly held HEP common unit • Will simplify corporate structure, reduce costs, and further support the integration and optimization of the HF Sinclair portfolio • Tran

Agreement and Plan of Merger, dated August 15, 2023, by and among Issuer, HF Sinclair, Navajo, Merger Sub, HLS, and HEP GP (incorporated by reference to Exhibit 2.1 to Issuer’s Current Report on Form 8-K filed on August 16, 2023, File No. 001-32225).

EX-2.1 Exhibit 2.1 Execution Version AGREEMENT AND PLAN OF MERGER by and among HF SINCLAIR CORPORATION, NAVAJO PIPELINE CO., L.P., HOLLY APPLE HOLDINGS LLC, HOLLY LOGISTIC SERVICES, L.L.C., HEP LOGISTICS HOLDINGS, L.P. and HOLLY ENERGY PARTNERS, L.P. August 15, 2023 TABLE OF CONTENTS Page ARTICLE I DEFINED TERMS; CONSTRUCTION 3 Section 1.1 Definitions 3 Section 1.2 Interpretation 15 ARTICLE II THE

Agreement and Plan of Merger, dated August 15, 2023, by and among HF Sinclair Corporation, Navajo Pipeline Co., L.P., Holly Apple Holdings LLC, Holly Energy Partners, L.P., HEP Logistics Holdings, L.P., and Holly Logistic Services, L.L.C.

Exhibit 2.1 Execution Version AGREEMENT AND PLAN OF MERGER by and among HF SINCLAIR CORPORATION, NAVAJO PIPELINE CO., L.P., HOLLY APPLE HOLDINGS LLC, HOLLY LOGISTIC SERVICES, L.L.C., HEP LOGISTICS HOLDINGS, L.P. and HOLLY ENERGY PARTNERS, L.P. August 15, 2023 TABLE OF CONTENTS Page ARTICLE I DEFINED TERMS; CONSTRUCTION 3 Section 1.1 Definitions 3 Section 1.2 Interpretation 15 ARTICLE II THE MERGER

Today, HF Sinclair Corporation (HF Sinclair) and Holly Energy Partners, L.P. (HEP) announced that we have entered into a definitive merger agreement for HF Sinclair to acquire all outstanding common units of HEP not owned by HF Sinclair or its affili

EX-99.1 Exhibit 99.1 Today, HF Sinclair Corporation (HF Sinclair) and Holly Energy Partners, L.P. (HEP) announced that we have entered into a definitive merger agreement for HF Sinclair to acquire all outstanding common units of HEP not owned by HF Sinclair or its affiliates. Details of the transaction, which we expect to close in the fourth quarter of 2023, can be found here. While we don’t expec

Upon closing, HEP will become a wholly-owned subsidiary of HF Sinclair and will no longer be a publicly traded partnership.

EX-99.1 Exhibit 99.1 Today, I am pleased to announce that HF Sinclair Corporation (HF Sinclair) and Holly Energy Partners, L.P. (HEP) announced that we have entered into a definitive merger agreement for HF Sinclair to acquire all outstanding common units of HEP not owned by HF Sinclair or its affiliates in exchange for a combination of HF Sinclair common stock and cash. For more information regar

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 HF SINCLAIR CORPO

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 HF SINCLAIR CORPORATION (Exact name of Registrant as specified in its charter) Delaware 001-41325 87-2092143 (State or other jurisdiction of incorporation) (Commis

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 (August 15, 2023)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 (August 15, 2023) HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of inco

HEP / Holly Energy Partners L.P. - Unit / HF Sinclair Corp - SC 13D/A Activist Investment

SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 14) Holly Energy Partners, L.P. (Name of Issuer) Common Units (Title of Class of Securities) 435763 10 7 (CUSIP Number) Atanas H. Atanasov Executive Vice President and Chief Financial Officer HF Sinclair Corporation 2828 N. Harwood, Suite 1300 Dallas, Texas 75201

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 HOLLY ENERGY PART

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commis

Six Months Ended June 30,

Earnings Release August 3, 2023 Holly Energy Partners, L.P. Reports Second Quarter Results •Reported net income attributable to HEP of $50.2 million or $0.40 per unit •Announced quarterly distribution of $0.35 per unit •Reported EBITDA of $82.2 million and Adjusted EBITDA of $103.2 million Dallas, Texas - Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE: HEP) today reported financial

Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant.

EXHIBIT 22.1 Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant The table below sets forth the subsidiaries of Holly Energy Partners, L.P. (the “Partnership”) listed as guarantors or as co-issuer under the Partnership’s Registration Statement on Form S-3 (No. 333-265154). Entity Jurisdiction of Incorporation or Orga

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 3, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commiss

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-32225 HOLLY ENERGY

July 20, 2023

July 20, 2023 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS-(BUSINESS WIRE) - The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the second quarter of 2023. The distribution will be paid on August 11, 2023 to unitholders of record on July 31, 2023. HEP plans to announce results for its second

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 20, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commissi

Excerpt of the Joint Earnings Call Transcript held on May 4, 2023 (incorporated herein by reference to Holly Energy Partners, L.P.’s Communication pursuant to Rule 425 of the Securities Act filed with the SEC on May 5, 2023 (File No. 001-32225)).

425 Filed by Holly Energy Partners, L.P. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Holly Energy Partners, L.P. Commission File No: 001-32225 This filing relates to the proposed business combination transaction between Holly Energy Partners, L.P. (“HEP”) and HF Sinclair Corporation (“HF S

Third Amendment to Amended and Restated Master Tolling Agreement (Operating Assets), by and between HF Sinclair El Dorado Refining LLC, HF Sinclair Woods Cross Refining LLC and Holly Energy Partners - Operating L.P., dated effective January 1, 2023.

Execution Version Exhibit 10.3 THIRD AMENDMENT TO AMENDED AND RESTATED MASTER TOLLING AGREEMENT (Operating Assets) THIS THIRD AMENDMENT TO AMENDED AND RESTATED MASTER TOLLING AGREEMENT (Operating Assets) (this “Amendment”) is entered into as of April 28, 2023 and effective as of January 1, 2023, by and among the Persons set forth on Exhibit A (each hereinafter sometimes referred to as a “Party” an

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-32225 HOLLY ENERG

Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant.

EXHIBIT 22.1 Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant The table below sets forth the subsidiaries of Holly Energy Partners, L.P. (the “Partnership”) listed as guarantors or as co-issuer under the Partnership’s Registration Statement on Form S-3 (No. 333-265154). Entity Jurisdiction of Incorporation or Orga

Filed by HF Sinclair Corporation

425 Filed by HF Sinclair Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Holly Energy Partners, L.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 HF SINCLAIR CORPORATI

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 HF SINCLAIR CORPORATION (Exact name of Registrant as specified in its charter) Delaware 001-41325 87-2092143 (State or other jurisdiction of incorporation) (Commission

May 4, 2023

EX-99.1 Exhibit 99.1 May 4, 2023 Holly Energy Partners, L.P. Acknowledges HF Sinclair Corporation’s Proposal to Acquire its Outstanding Common Units DALLAS — (BUSINESS WIRE) — Holly Energy Partners, L.P. (NYSE: HEP) (the “Partnership” or “HEP”) announced today that it has received a non-binding proposal letter from HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) to acquire all of the outstand

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 HOLLY ENERGY PARTNERS

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commis

THIRD AMENDED AND RESTATED JOINT FILING AGREEMENT

EX-99.4 EXHIBIT 99.4 THIRD AMENDED AND RESTATED JOINT FILING AGREEMENT The undersigned each agree that (i) the statement on Schedule 13D relating to the common units representing limited partnership interests of Holly Energy Partners, L.P., a Delaware limited partnership, has been adopted and filed on behalf of each of them, (ii) all future amendments to such statement on Schedule 13D will, unless

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 HF SINCLAIR CORPORATI

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 HF SINCLAIR CORPORATION (Exact name of Registrant as specified in its charter) Delaware 001-41325 87-2092143 (State or other jurisdiction of incorporation) (Commission

Communication to Employees of Holly Energy Partners, L.P. from the Chief Executive Officer and President of Holly Energy Partners, L.P., dated May 4, 2023 (incorporated herein by reference to Holly Energy Partners, L.P.’s Communication pursuant to Rule 425 of the Securities Act filed with the SEC on May 4, 2023 (File No. 001-32225)).

425 Filed by Holly Energy Partners, L.P. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Holly Energy Partners, L.P. Commission File No: 001-32225 This filing relates to the proposed business combination transaction between Holly Energy Partners, L.P. (“HEP”) and HF Sinclair Corporation (“HF S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 HOLLY ENERGY PARTNERS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commission

HF Sinclair 2828 N Harwood, Suite 1300, Dallas, TX 75201 214-871-3555 | HFSinclair.com

EX-99.5 EXHIBIT 99.5 Timothy Go President and Chief Operating Officer HF Sinclair Corporation 2828 N. Harwood Suite 1300 Dallas, Texas 75201 May 3, 2023 Board of Directors Holly Logistic Services, L.L.C. 2828 N. Harwood Suite 1300 Dallas, Texas 75201 Ladies and Gentlemen: On behalf of HF Sinclair Corporation (“HF Sinclair”), I am pleased to submit to you this non-binding proposal for HF Sinclair t

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EX-99.1 Exhibit 99.1 Press Release May 4, 2023 HF Sinclair Corporation Reports 2023 First Quarter Results and Announces Regular Cash Dividend • Reported net income attributable to HF Sinclair stockholders of $353.3 million, or $1.79 per diluted share, and adjusted net income of $394.1 million, or $2.00 per diluted share, for the first quarter • Reported EBITDA of $652.8 million and Adjusted EBITDA

May 4, 2023

EX-99.1 Exhibit 99.1 May 4, 2023 Holly Energy Partners, L.P. Acknowledges HF Sinclair Corporation’s Proposal to Acquire its Outstanding Common Units DALLAS — (BUSINESS WIRE) — Holly Energy Partners, L.P. (NYSE: HEP) (the “Partnership” or “HEP”) announced today that it has received a non-binding proposal letter from HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) to acquire all of the outstand

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EX-99.1 Exhibit 99.1 Earnings Release May 04, 2023 Holly Energy Partners, L.P. Reports First Quarter Results • Reported net income attributable to HEP of $57.5 million or $0.45 per unit • Announced quarterly distribution of $0.35 per unit • Reported EBITDA of $87.8 million and Adjusted EBITDA of $108.4 million Dallas, Texas — Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (NYSE: HEP) tod

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commission

Filed by HF Sinclair Corporation

425 Filed by HF Sinclair Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Holly Energy Partners, L.

May 4, 2023

EX-99.1 Exhibit 99.1 May 4, 2023 HF Sinclair Corporation Announces Proposal to Acquire All Outstanding Common Units of Holly Energy Partners, L.P. DALLAS — (BUSINESS WIRE) — HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) announced today that it has submitted a non-binding proposal to acquire all of the outstanding common units (“Common Units”) of Holly Energy Partners, L.P. (NYSE: HEP) (“HEP

HEP / Holly Energy Partners L.P. - Unit / HF Sinclair Corp - SC 13D/A Activist Investment

SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 13) Holly Energy Partners, L.P. (Name of Issuer) Common Units (Title of Class of Securities) 435763 10 7 (CUSIP Number) Atanas H. Atanasov Executive Vice President and Chief Financial Officer HF Sinclair Corporation 2828 N. Harwood, Suite 1300 Dallas, Texas 75201

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 20, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commiss

April 20, 2023

Exhibit 99.1 April 20, 2023 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS-(BUSINESS WIRE) - The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the first quarter of 2023. The distribution will be paid on May 11, 2023 to unitholders of record on May 1, 2023. HEP plans to announce results for its

Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are “forward-looking statements” within the meaning of United States federal securities laws. Forward-looking statements are stateme

EX-99.1 Exhibit 99.1 INVESTOR PRESENTATION MARCH 2023 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are “forward-looking statements” within the meaning of United States federal securities laws. Forward-looking statements are statements that are not historical in nature and may include statements relating to our goals, plans an

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): March 2, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) DE 001-32225 20-0833098 (State of Incorporation) (Commission File Number) (I.R.S. Empl

Second Amended and Restated Transportation Services Agreement, by and between UNEV Pipeline, LLC and HF Sinclair Refining & Marketing LLC, dated as of February 23, 2023 (incorporated by reference to Exhibit 10.2 of Registrant’s Current Report on Form 8-K filed on March 1, 2023, File No. 1-32225).

EX-10.2 Exhibit 10.2 SECOND AMENDED AND RESTATED TRANSPORTATION SERVICES AGREEMENT This SECOND AMENDED AND RESTATED TRANSPORTATION SERVICES AGREEMENT (this “Agreement”), effective as of March 1, 2023 (the “Effective Date”), is entered into by and between UNEV PIPELINE, LLC, a Delaware limited liability company (“UNEV”) and HF SINCLAIR REFINING & MARKETING LLC, a Delaware limited liability company

Ninth Amended and Restated Master Throughput Agreement, by and between Holly Energy Partners - Operating, L.P. and HF Sinclair Refining & Marketing LLC, dated as of February 27, 2023 (incorporated by reference to Exhibit 10.1 of Registrant’s Current Report on Form 8-K filed on March 1, 2023, File No. 1-32225).

EX-10.1 Exhibit 10.1 NINTH AMENDED AND RESTATED MASTER THROUGHPUT AGREEMENT (including Tankage and Loading Racks) by and between HF SINCLAIR REFINING & MARKETING LLC and HOLLY ENERGY PARTNERS-OPERATING, L.P. Effective as of February 1, 2023 TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS AND INTERPRETATIONS 2 1.1 DEFINITIONS 2 1.2 INTERPRETATION 2 ARTICLE 2 AGREEMENT TO USE SERVICES 2 2.1 INTENT 2 2.

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): March 1, 2023 (February 23, 2023) HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of inco

Form of Phantom Unit Agreement (Employee)

Exhibit 10.49 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Employee) This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Phantom Units (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you. WHEREAS, the Company, as part of your compensation for employment to the Company and Holly E

Form of Notice of Grant of Phantom Units (Employee)

Exhibit 10.50 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN NOTICE OF GRANT OF PHANTOM UNITS (Employee) Pursuant to the terms and conditions of the Holly Energy Partners, L.P. Long-Term Incentive Plan, as amended (the “Plan”) and the associated Phantom Unit Agreement (Employee) which has been made separately available to you (your “Agreement”), you are hereby issued Phantom Units (the “Phan

Form of Notice of Grant of Cash Award (Employee)

Exhibit 10.54 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN NOTICE OF GRANT OF CASH AWARD (Employee) Pursuant to the terms and conditions of the Holly Energy Partners, L.P. Long-Term Incentive Plan, as amended (the “Plan”) and the associated Cash Award Agreement (Employee) which has been made separately available to you (your “Agreement”), you are hereby issued a Cash Award, subject to cert

Form of Performance Unit Agreement (Executive)

Exhibit 10.48 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PERFORMANCE UNIT AGREEMENT This Performance Unit Agreement (the “Agreement”) is made and entered into by and between Holly Logistic Services, L.L.C., a Delaware limited liability company (the “Company”), and you. This Agreement is entered into as of the day of , 2022 (the “Date of Grant”). W I T N E S S E T H: WHEREAS, the Company

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PUR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-32225 HOLLY ENERGY PART

Subsidiaries of Registrant.

Exhibit 21.1 HOLLY ENERGY PARTNERS, L.P. SUBSIDIARIES OF REGISTRANT Name of Entity State or Country of Incorporation or Organization Cheyenne Pipeline LLC (joint venture) Texas Cheyenne Logistics LLC Delaware Cushing Connect Pipeline & Terminal LLC (joint venture) Delaware Cushing Connect Pipeline Holdings LLC (joint venture subsidiary) Delaware Cushing Connect Terminal Holdings LLC (joint venture

Second Amendment to Eighth Amended and Restated Master Throughput Agreement by and between HF Sinclair Refining & Marketing LLC and Holly Energy Partners - Operating, L.P., dated as of December 22, 2022.

Execution Version Exhibit 10.17 SECOND AMENDMENT TO EIGHTH AMENDED AND RESTATED MASTER THROUGHPUT AGREEMENT This Second Amendment to Eighth Amended and Restated Master Throughput Agreement (this “Amendment”) is entered into on December 22, 2022, to be effective as of March 14, 2022 (the “Second Amendment Effective Date”) by and between: 1.HF Sinclair Refining & Marketing LLC, a Delaware limited li

Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant.

Exhibit 22.1 List of Guarantor Subsidiaries The following subsidiaries of Holly Energy Partners, L.P. (the “Partnership”) were, as of December 31, 2021, listed as guarantors or as co-issuer under the Partnership’s Registration Statement on Form S-3 (No. 333-228715): Name of Subsidiary Guarantor or Co-Issuer Jurisdiction of Formation Holly Energy Finance Corp. (co-issuer) Delaware Cheyenne Logistic

Form of Notice of Grant of Phantom Units (Non-Employee Director Award)

Exhibit 10.52 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN NOTICE OF GRANT OF PHANTOM UNITS (Non-Employee Director Award) Pursuant to the terms and conditions of the Holly Energy Partners, L.P. Long-Term Incentive Plan, as amended (the “Plan”), and the associated Phantom Unit Agreement (Non-Employee Director Award) which has been made separately available to you (your “Agreement”), you are

Form of Phantom Unit Agreement (Non-Employee Director Award)

Exhibit 10.51 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Non-Employee Director Award) This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Phantom Units (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you. WHEREAS, the Company in order to induce you to enter into and to continue

HF Sinclair Corporation Executive Nonqualified Deferred Compensation Plan (formerly the HF Sinclair Corporation Executive Nonqualified Deferred Compensation Plan).

THE EXECUTIVE NONQUALIFIED EXCESS PLAN PLAN DOCUMENT DD2326-9 THE EXECUTIVE NONQUALIFIED EXCESS PLAN Section 1.

Form of Cash Award Agreement (Employee)

Exhibit 10.53 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN CASH AWARD AGREEMENT (Employee) This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Cash Award Agreement (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you. WHEREAS, the Company, as part of your compensation for employment services provided to

December 31, 2022 2021 (In thousands) Balance Sheet Data Cash and cash equivalents $ 10,917 $ 14,381 Working capital $ 17,293 $ 17,461 Total assets $ 2,747,502 $ 2,165,867 Long-term debt $ 1,556,334 $ 1,333,049 Partners' equity $ 857,126 $ 443,017

Earnings Release February 24, 2023 Holly Energy Partners, L.P. Reports Fourth Quarter Results •Reported net income attributable to HEP of $68.5 million or $0.54 per unit •Announced quarterly distribution of $0.35 per unit •Reported EBITDA of $88.6 million and Adjusted EBITDA of $115.7 million Dallas, Texas - Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (NYSE: HEP) today reported financ

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 24, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Comm

HEP / Holly Energy Partners, L.P. / ALPS ADVISORS INC Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Holly Energy Partners, L.P.. (Name of Issuer) Common Units (Title of Class of Securities) 435763107 (CUSIP Number) December 31, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which

January 20, 2023

EX-99 2 hep4q22distributionpressre.htm EX-99.1 January 20, 2023 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS-(BUSINESS WIRE) - The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the fourth quarter of 2022. The distribution will be paid on February 13, 2023 to unitholders of record on January

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 20, 2023 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 18, 2023 (January 13, 2023) HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of in

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 1, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

[Signature Page Follows]

November 8, 2022 Via EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance 100 F. Street, NE Washington, DC 20549 Attention: Arthur Tornabene-Zalas Re: Request for Acceleration of Effectiveness of Registration Statement on Form S-3 (File No. 333-265154) of Holly Energy Partners, L.P., Holly Energy Finance Corp. and the additional registrant guarantors listed therein Ladies

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Earnings Release November 7, 2022 Holly Energy Partners, L.P. Reports Third Quarter Results ?Reported net income attributable to HEP of $42.0 million or $0.33 per unit ?Announced quarterly distribution of $0.35 per unit ?Reported EBITDA of $66.0 million and Adjusted EBITDA of $110.1 million Dallas, Texas - Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE: HEP) today reported financia

First Amendment to Eighth Amended and Restated Master Throughput Agreement by and among HollyFrontier Refining & Marketing LLC, Sinclair Oil LLC and Holly Energy Partners – Operating, L.P., dated October 28, 2022.

Exhibit 10.4 FIRST AMENDMENT TO EIGHTH AMENDED AND RESTATED MASTER THROUGHPUT AGREEMENT This First Amendment to Eighth Amended and Restated Master Throughput Agreement (this ?Amendment?) is entered into on October 28, 2022, to be effective as of November 1, 2022 (the ?First Amendment Effective Date?) by and among: 1.HollyFrontier Refining & Marketing LLC, a Delaware limited liability company (?HFR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-32225 HOLLY E

As filed with the Securities and Exchange Commission on November 7, 2022

S-3/A 1 d390361ds3a.htm S-3/A As filed with the Securities and Exchange Commission on November 7, 2022 Registration No. 333-265154 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 1 to Form S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Holly Energy Partners, L.P. Holly Energy Finance Corp.* (Exact Name of Registrant as Specified in T

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 7, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

Amendment No. 2 to Third Amended and Restated Credit Agreement, dated August 15, 2022, among Holly Energy Partners, L.P., as borrower, certain of its affiliates, as guarantors, Wells Fargo Bank, National Association, as administrative agent, an issuing bank and a lender, and certain other lenders party thereto (incorporated by reference to Exhibit 10.1 of Holly Energy Partners, L.P.’s Current Report on Form 10-Q for the quarterly period ended September 30, 2022, File No. 1-32225).

Exhibit 10.1 AMENDMENT NO. 2 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT among HOLLY ENERGY PARTNERS, L.P., as Borrower, THE FINANCIAL INSTITUTIONS PARTY TO THIS THIRD AMENDED AND RESTATED CREDIT AGREEMENT, as Lenders, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, and MUFG UNION BANK, N.A., as Syndication Agent, BANK OF AMERICA, N.A., PNC BANK, NATIONAL ASSOCIATION, CITIBANK,

Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant

EXHIBIT 22.1 Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant The table below sets forth the subsidiaries of Holly Energy Partners, L.P. (the ?Partnership?) listed as guarantors or as co-issuer under the Partnership?s Registration Statement on Form S-3 (No. 333-265154). Entity Jurisdiction of Incorporation or Orga

Mutual Separation Agreement and Release of Claims by and among HF Sinclair Corporation, HollyFrontier Corporation, Holly Logistic Services, L.L.C., HollyFrontier Payroll Services, Inc., and Holly Energy Partners, L.P., on behalf of themselves and their respective parents, subsidiaries and affiliates and Richard Voliva, dated September 15, 2022.

Exhibit 10.2 MUTUAL SEPARATION AGREEMENT AND RELEASE OF CLAIMS This Mutual Separation Agreement and Release of Claims (?Agreement?) is between HF Sinclair Corporation (?HFS?), HollyFrontier Corporation, Holly Logistic Services, L.L.C., HollyFrontier Payroll Services, Inc. and Holly Energy Partners, L.P. (?HEP?), on behalf of themselves and their respective parents, subsidiaries, and affiliates (co

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 31, 2022 (October 25, 2022) HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of in

Holly Energy Partners, L.P. Severance Pay Plan and Summary Plan Description

Exhibit 10.1 HOLLY ENERGY PARTNERS, L.P. SEVERANCE PAY PLAN AND SUMMARY PLAN DESCRIPTION Effective October 25, 2022 HOLLY ENERGY PARTNERS, L.P. SEVERANCE PAY PLAN AND SUMMARY PLAN DESCRIPTION This plan document describes the severance benefits provided under the Holly Energy Partners, L.P. Severance Pay Plan. This plan document also serves as a summary plan description. Article I DEFINITIONS 1.1?B

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 20, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

October 20, 2022

October 20, 2022 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS-(BUSINESS WIRE) - The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the third quarter of 2022. The distribution will be paid on November 11, 2022 to unitholders of record on October 31, 2022. HEP plans to announce results for its

September 15, 2022

Exhibit 99.1 Press Release September 15, 2022 HF Sinclair Corporation and Holly Energy Partners Announce Management Changes DALLAS ? (BUSINESS WIRE) ? HF Sinclair Corporation (NYSE: DINO) (?HF Sinclair?) today announced the appointment of Atanas H. Atanasov as Executive Vice President and Chief Financial Officer of HF Sinclair effective September 30, 2022, and Holly Energy Partners, L.P. (NYSE: HE

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): September 15, 2022 (September 14, 2022) HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) DE 001-32225 20-0833098 (State of Incorporation) (Commission

INVESTOR PRESENTATION AUGUST 2022 Holly Energy Partners (NYSE: HEP) 2 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are “forward-looking statements” within the meaning of United

EX-99.1 2 hepiraugust2022final.htm EX-99.1 INVESTOR PRESENTATION AUGUST 2022 Holly Energy Partners (NYSE: HEP) 2 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are “forward-looking statements” within the meaning of United States federal securities laws. Forward-looking statements are statements that are not historical in nature

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 15, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commis

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-32225 HOLLY ENERGY

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 8, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commiss

Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant.

EXHIBIT 22.1 Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant The following subsidiaries of Holly Energy Partners, L.P. (the ?Partnership?) were, as of June 30, 2022, listed as guarantors or as co-issuer under the Partnership?s Registration Statement on Form S-3 (No. 333-265154). Entity Jurisdiction of Incorporati

1

Earnings Release August 8, 2022 Holly Energy Partners, L.P. Reports Second Quarter Results ?Reported net income attributable to HEP of $56.8 million or $0.45 per unit ?Announced quarterly distribution of $0.35 per unit ?Reported EBITDA of $79.8 million and Adjusted EBITDA of $104.2 million Dallas, Texas - Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE: HEP) today reported financial

July 21, 2022

July 21, 2022 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS-(BUSINESS WIRE) - The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the second quarter of 2022. The distribution will be paid on August 12, 2022 to unitholders of record on August 1, 2022. HEP plans to announce results for its second

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 21, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commissi

Filing Fee Table.

EX-FILING FEES 12 d341575dexfilingfees.htm EX-FILING FEES EXHIBIT 107 Calculation of Filing Fee Tables FORM S-3 REGISTRATION STATEMENT (Form Type) Holly Energy Partners, L.P. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offerin

First Supplemental Indenture, dated as of May 22, 2022, among UNEV Pipeline, LLC, Holly Energy Partners, L.P. and Holly Energy Finance Corp. and the other Guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee, related to Holly Energy Partners, L.P.’s 6.375% Senior Notes due 2027 (incorporated by reference to Exhibit 4.9 of Holly Energy Partner, L.P.’s Registration Statement on Form S-3 filed May 23, 2022, File No. 333-265140).

EXHIBIT 4.9 FIRST SUPPLEMENTAL INDENTURE Dated as of May 22, 2022 to Indenture dated as of April 8, 2022 THIS FIRST SUPPLEMENTAL INDENTURE (this ?First Supplemental Indenture?), dated as of May 22, 2022, among UNEV Pipeline, LLC, a Delaware limited liability company (the ?Guaranteeing Subsidiary?), Holly Energy Partners, L.P., a Delaware limited partnership (?Holly Energy Partners?), and Holly Ene

Form of Subordinated Indenture.

EXHIBIT 4.2 HOLLY ENERGY PARTNERS, L.P., HOLLY ENERGY FINANCE CORP. and EACH OF THE SUBSIDIARY GUARANTORS PARTY HERETO and [ ], as Trustee SUBORDINATED INDENTURE Dated as of [ ] Debt Securities CROSS-REFERENCE TABLE* TIA Section Indenture Section 310(a) 7.10 (b) 7.10 (c) N.A. 311(a) 7.11 (b) 7.11 (c) N.A. 312(a) 5.01 (b) 5.02 (c) 5.02 313(a) 5.03 (b) 5.03 (c) 13.03 (d) 5.03 314(a) 4.05 (b) N.A. (c

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

EXHIBIT 99.1 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION On March 14, 2022 (the ?Closing Date?), Holly Energy Partners, L.P. (?HEP? or the ?Partnership?), The Sinclair Companies (now known as REH Company, referred to herein as ?Sinclair?), and Sinclair Transportation Company (now known as Sinclair Transportation Company, LLC, referred to herein as ?STC?), completed the previously

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): May 23, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or Other Jurisdiction of Incorporation) (Commissio

Second Supplemental Indenture, dated as of May 22, 2022, among UNEV Pipeline, LLC, Holly Energy Partners, L.P. and Holly Energy Finance Corp. and the other Guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee, related to Holly Energy Partners, L.P.’s 5.000% Senior Notes due 2028 (incorporated by reference to Exhibit 4.7 of Registrant’s Registration Statement on Form S-3 filed May 23, 2022, File No. 333-26514).

EXHIBIT 4.7 SECOND SUPPLEMENTAL INDENTURE Dated as of May 22, 2022 to Indenture dated as of February 4, 2020 THIS SECOND SUPPLEMENTAL INDENTURE (this ?Second Supplemental Indenture?), dated as of May 22, 2022, among UNEV Pipeline, LLC, a Delaware limited liability company (the ?Guaranteeing Subsidiary?), Holly Energy Partners, L.P., a Delaware limited partnership (?Holly Energy Partners?), and Hol

As filed with the Securities and Exchange Commission on May 23, 2022

Table of Contents As filed with the Securities and Exchange Commission on May 23, 2022 Registration No.

Form of Senior Indenture.

EXHIBIT 4.1 HOLLY ENERGY PARTNERS, L.P., HOLLY ENERGY FINANCE CORP. and EACH OF THE SUBSIDIARY GUARANTORS PARTY HERETO and [ ], as Trustee SENIOR INDENTURE Dated as of [ ] Debt Securities CROSS-REFERENCE TABLE* TIA Section Indenture Section 310(a) 7.10 (b) 7.10 (c) N.A. 311(a) 7.11 (b) 7.11 (c) N.A. 312(a) 5.01 (b) 5.02 (c) 5.02 313(a) 5.03 (b) 5.03 (c) 13.03 (d) 5.03 314(a) 4.05 (b) N.A. (c) (1)

Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant.

EXHIBIT 22.1 Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant The debt securities offered by the prospectus contained in the registration statement of which this Exhibit 22.1 is a part and any applicable prospectus supplement, which may be issued in one or more series by Holly Energy Partners, L.P. (the ?Issuer?)

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 17, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commissio

INVESTOR PRESENTATION MAY 2022 Holly Energy Partners (NYSE: HEP) 2 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are “forward-looking statements” within the meaning of United Sta

INVESTOR PRESENTATION MAY 2022 Holly Energy Partners (NYSE: HEP) 2 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are ?forward-looking statements? within the meaning of United States federal securities laws.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commission

Amendment to Contribution Agreement, dated as of March 14, 2022, by and among Holly Energy Partners, L.P., The Sinclair Companies, and Sinclair Transportation Company (incorporated by reference to Exhibit 2.1 of Holly Energy Partners, L.P.’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, File No. 1-32225).

Exhibit 2.1 AMENDMENT TO CONTRIBUTION AGREEMENT THIS AMENDMENT TO CONTRIBUTION AGREEMENT (this ?Amendment?) is made as of March 14, 2022 (the ?Amendment Date?) by and among (a) The Sinclair Companies, a corporation organized under the Laws of the State of Wyoming (?Sinclair HoldCo?) and the sole shareholder of Sinclair Transportation Company, a corporation organized under the Laws of the State of

1

Earnings Release May 09, 2022 Holly Energy Partners, L.P. Reports First Quarter Results ?Reported net income attributable to HEP of $49.6 million or $0.45 per unit ?Announced quarterly distribution of $0.35 per unit ?Reported EBITDA of $72.8 million and Adjusted EBITDA of $85.3 million ?Closed the acquisition of Sinclair Transportation Company LLC Dallas, Texas - Holly Energy Partners, L.P. ("HEP"

First Supplemental Indenture, dated as of March 14, 2022, among Sinclair Transportation Company LLC, Sinclair Logistics LLC, Sinclair Pipeline Company LLC, Holly Energy Partners, L.P. and Holly Energy Finance Corp. and the other Guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee, related to Holly Energy Partners, L.P.’s 5.000% Senior Notes due 2028 (incorporated by reference to Exhibit 4.2 of Holly Energy Partners, L.P.’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, File No. 1-32225).

Exhibit 4.2 FIRST SUPPLEMENTAL INDENTURE Dated as of March 14, 2022 to Indenture dated as of February 4, 2020 This First Supplemental Indenture (this ?First Supplemental Indenture?), dated as of March 14, 2022, among Sinclair Transportation Company LLC, a Wyoming limited liability company, Sinclair Logistics LLC, a Wyoming limited liability company, and Sinclair Pipeline Company LLC, a Wyoming lim

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-32225 HOLLY ENERG

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 21, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commiss

April 21, 2022

April 21, 2022 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS-(BUSINESS WIRE) - The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the first quarter of 2022. The distribution will be paid on May 13, 2022 to unitholders of record on May 2, 2022. HEP plans to announce results for its first quarte

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): April 8, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or Incorporation) (Commission File Number) (I.R.S

Indenture, dated April 8, 2022, by and among Holly Energy Partners, L.P. and Holly Energy Finance Corp. and each of the Guarantors party thereto and U.S. Bank Trust Company, National Association, relating to the offering of the Notes (incorporated by reference to Exhibit 4.1 of Registrant’s Current Report on Form 8-K filed on April 8, 2022, File No. 1-32225).

Exhibit 4.1 HOLLY ENERGY PARTNERS, L.P., HOLLY ENERGY FINANCE CORP. AND EACH OF THE GUARANTORS PARTY HERETO 6.375% SENIOR NOTES DUE 2027 INDENTURE Dated as of April 8, 2022 U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION Trustee TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 25 Section 1.03 Trust Indenture Act 25

Holly Energy Partners, L.P. Announces Proposed Offering of Senior Notes Due 2027

Exhibit 99.1 PRESS RELEASE Holly Energy Partners, L.P. Announces Proposed Offering of Senior Notes Due 2027 DALLAS, TX, April 6, 2022 ? Holly Energy Partners, L.P. (NYSE: HEP) (the ?Partnership?) announced today that it and its wholly owned subsidiary, Holly Energy Finance Corp. (together with the Partnership, the ?Issuers?), subject to market conditions, intend to offer $400 million in aggregate

Holly Energy Partners, L.P. Announces Pricing of $400 Million of Senior Notes Due 2027

EX-99.1 2 d349182dex991.htm EX-99.1 Exhibit 99.1 PRESS RELEASE Holly Energy Partners, L.P. Announces Pricing of $400 Million of Senior Notes Due 2027 DALLAS, TX, April 6, 2022 — Holly Energy Partners, L.P. (NYSE: HEP) (the “Partnership” or “HEP”) announced today that it and its wholly owned subsidiary, Holly Energy Finance Corp. (together with the Partnership, the “Issuers”), have finalized the te

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): April 6, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or Incorporation) (Commission File Number) (I.R.S

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): April 6, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or Incorporation) (Commission File Number) (I.R.S

March 28, 2022

March 28, 2022 Via EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance Office of Energy & Transportation 100 F. Street, NE Washington, DC 20549 Attention: Arthur Tornabene-Zalas Re: Request for Acceleration of Effectiveness of Registration Statement on Form S-3 (File No. 333-263724) of Holly Energy Partners, L.P. Ladies and Gentlemen: Pursuant to Rule 461 promulgated unde

HEP / Holly Energy Partners, L.P. / Sinclair Companies - SC 13D Activist Investment

SC 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)

Exhibit 99.1 JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned ackn

ESCROW AGREEMENT

Exhibit 10.2 Execution Version ESCROW AGREEMENT This ESCROW AGREEMENT, dated as of March 14, 2022 (together with Schedule A hereto, this ?Agreement?), is by and among The Sinclair Companies, a Wyoming corporation, with principal offices located at 550 East South Temple, Salt Lake City, Utah 84102 (?Sinclair HoldCo?); HF Sinclair Corporation (f/k/a Hippo Parent Corporation), a Delaware corporation,

1 Disclosure Statement Statements made during the course of this presentation that are not historical facts are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,”

1 Disclosure Statement Statements made during the course of this presentation that are not historical facts are ?forward-looking statements? within the meaning of the U.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 21, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commiss

Filing Fee Table

EX-FILING FEES 6 d344231dexfilingfees.htm EX-FILING FEES Exhibit 107 Calculation of Filing Fee Tables FORM S-3 REGISTRATION STATEMENT (Form Type) Holly Energy Partners, L.P. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering

As filed with the Securities and Exchange Commission on March 18, 2022

Table of Contents As filed with the Securities and Exchange Commission on March 18, 2022 Registration No.

HEP / Holly Energy Partners, L.P. / HF Sinclair Corp - SC 13D/A Activist Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 12) Holly Energy Partners, L.P. (Name of Issuer) Common Units (Title of Class of Securities) 435763 10 7 (CUSIP Number) Richard L. Voliva III Executive Vice President and Chief Financial Officer HF Sinclair Corporation 2828 N. Harwood, Suite 1300 Dallas, Texas 75201 Tel:

SECOND AMENDED AND RESTATED JOINT FILING AGREEMENT

EX-99.3 2 d334600dex993.htm EX-99.3 EXHIBIT 99.3 SECOND AMENDED AND RESTATED JOINT FILING AGREEMENT The undersigned each agree that (i) the statement on Schedule 13D relating to the common units representing limited partnership interests of Holly Energy Partners, L.P., a Delaware limited partnership, has been adopted and filed on behalf of each of them, (ii) all future amendments to such statement

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

Exhibit 99.2 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS On March 14, 2022 (the ?Closing Date?), Holly Energy Partners, L.P. (?HEP? or the ?Partnership?), The Sinclair Companies (?Sinclair?), and Sinclair Transportation Company, a wholly-owned subsidiary of Sinclair (?STC?), completed the previously announced transaction whereby HEP acquired all of the outstanding equity interests

SINCLAIR TRANSPORTATION COMPANY AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS December 31, 2021 and 2020

Exhibit 99.1 SINCLAIR TRANSPORTATION COMPANY AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS December 31, 2021 and 2020 C O N T E N T S P a g e INDEPENDENT AUDITOR?S REPORT 1 FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEETS 3 CONSOLIDATED STATEMENTS OF INCOME 4 CONSOLIDATED STATEMENTS OF STOCKHOLDER?S EQUITY 5 CONSOLIDATED STATEMENTS OF CASH FLOWS 6 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 14, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

Consulting Agreement, dated as of March 14, 2022, by and between HF Sinclair Corporation and Mark Petersen (incorporated by reference to Exhibit 10.1 of Registrant’s Current Report on Form 8-K/A dated March 16, 2022, File No. 1-32225).

Exhibit 10.1 CONSULTING AGREEMENT THIS CONSULTING AGREEMENT (the ?Agreement?), is entered into as of March 14, 2022, by and between HF Sinclair Corporation (f/k/a Hippo Parent Corporation), a Delaware corporation (the ?Company?) and Mark Petersen (?Consultant?). WHEREAS, the Company is a party to that certain Business Combination Agreement, dated as of August 2, 2021 (the ?BCA?), by and among The

Eighth Amended and Restated Master Throughput Agreement entered into and effective as of March 14, 2022, by and among HollyFrontier Refining & Marketing LLC, Sinclair Oil LLC and Holly Energy Partners – Operating, L.P.

Exhibit 10.1 EIGHTH AMENDED AND RESTATED MASTER THROUGHPUT AGREEMENT (including Tankage and Loading Racks) by and among HOLLYFRONTIER REFINING & MARKETING LLC, SINCLAIR OIL LLC and HOLLY ENERGY PARTNERS-OPERATING, L.P. Effective as of March 14, 2022 TABLE OF CONTENTS ARTICLE 1 DEFINITIONS AND INTERPRETATIONS 2 1.1DEFINITIONS 2 1.2INTERPRETATION 2 ARTICLE 2 AGREEMENT TO USE SERVICES 2 2.1INTENT 2 2

HollyFrontier and Holly Energy Partners Announce Completion of Transactions with The Sinclair Companies and Establishment of New Parent Company, HF Sinclair Corporation HF Sinclair Corporation Established as a Leading Integrated Downstream Petroleum

EX-99.1 5 d327150dex991.htm EX-99.1 Exhibit 99.1 HollyFrontier and Holly Energy Partners Announce Completion of Transactions with The Sinclair Companies and Establishment of New Parent Company, HF Sinclair Corporation HF Sinclair Corporation Established as a Leading Integrated Downstream Petroleum and Renewable Fuels Company DALLAS, MARCH 14, 2021 – HollyFrontier Corporation (NYSE: HFC) (“HollyFro

Seventh Amended and Restated Master Lease Agreement entered into and effective as of March 14, 2022, by and among certain subsidiaries of HF Sinclair Corporation and Holly Energy Partners, L.P.

Exhibit 10.3 SEVENTH AMENDED AND RESTATED MASTER LEASE AND ACCESS AGREEMENT Effective as of March 14, 2022 TABLE OF CONTENTS ARTICLE 1 DEFINITIONS AND INTERPRETATIONS 1 1.1 Definitions 1 1.2 Interpretation 1 1.3 Independent Obligations 2 1.4 Prior Leases 2 ARTICLE 2 DEMISE OF APPLICABLE PREMISES AND TERM 2 2.1 Demise of Applicable Premises and Applicable Term 2 2.2 Access 2 2.3 Rent 3 2.4 Place of

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Financial Statements and Exhibits, Completion of Acquisition or Disposition of Assets

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 14, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commiss

Twenty-Second Amended and Restated Omnibus Agreement entered into and effective as of March 14, 2022, by and among HF Sinclair Corporation, Holly Energy Partners, L.P., and certain of their respective subsidiaries.

Exhibit 10.2 TWENTY-SECOND AMENDED AND RESTATED OMNIBUS AGREEMENT among HF SINCLAIR CORPORATION, HOLLY ENERGY PARTNERS, L.P. and CERTAIN OF THEIR RESPECTIVE SUBSIDIARIES Effective as of March 14, 2022 TABLE OF CONTENTS Page ARTICLE I DEFINITIONS AND INTERPRETATIONS 3 1.1 DEFINITIONS 3 1.2 INTERPRETATION 3 ARTICLE II BUSINESS OPPORTUNITIES 3 2.1 RESTRICTED BUSINESSES 3 2.2 PERMITTED EXCEPTIONS 3 2.

INVESTOR PRESENTATION MARCH 2022 Holly Energy Partners (NYSE: HEP) 2 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are “forward-looking statements” within the meaning of the U.S.

INVESTOR PRESENTATION MARCH 2022 Holly Energy Partners (NYSE: HEP) 2 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are ?forward-looking statements? within the meaning of the U.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 1, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commissi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PUR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-32225 HOLLY ENERGY PART

Subsidiary Guarantors and Issuers of Guaranteed Securities and Affiliates whose Securities Collateralize Securities of the Registrant.

Exhibit 22.1 List of Guarantor Subsidiaries The following subsidiaries of Holly Energy Partners, L.P. (the ?Partnership?) were, as of December 31, 2021, listed as guarantors or as co-issuer under the Partnership?s Registration Statement on Form S-3 (No. 333-228715): Name of Subsidiary Guarantor or Co-Issuer Jurisdiction of Formation Holly Energy Finance Corp. (co-issuer) Delaware Cheyenne Logistic

Subsidiaries of Registrant.

Exhibit 21.1 HOLLY ENERGY PARTNERS, L.P. SUBSIDIARIES OF REGISTRANT State of Incorporation Name of Entity or Organization Cheyenne Logistics LLC Delaware Cheyenne Pipeline LLC (joint venture) Delaware Cushing Connect Pipeline & Terminal LLC (joint venture) Delaware Cushing Connect Pipeline Holdings LLC (joint venture subsidiary) Delaware Cushing Connect Terminal Holdings LLC (joint venture subsidi

December 31, 2021 2020 (In thousands) Balance Sheet Data Cash and cash equivalents $ 14,381 $ 21,990 Working capital $ 17,461 $ 14,247 Total assets $ 2,165,867 $ 2,167,565 Long-term debt $ 1,333,049 $ 1,405,603 Partners' equity $ 443,017 $ 379,292

Earnings Release February 22, 2022 Holly Energy Partners, L.P. Reports Fourth Quarter Results ?Reported net income attributable to HEP of $45.6 million or $0.43 per unit ?Announced quarterly distribution of $0.35 per unit ?Reported EBITDA of $70.8 million and Adjusted EBITDA of $79.7 million Dallas, Texas - Holly Energy Partners, L.P. (?HEP? or the ?Partnership?) (NYSE: HEP) today reported financi

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 22, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Comm

HEP / Holly Energy Partners, L.P. / ALPS ADVISORS INC Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Holly Energy Partners, L.P.. (Name of Issuer) Common Units (Title of Class of Securities) 435763107 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which

HEP / Holly Energy Partners, L.P. / Invesco Ltd. - SEC SCHEDULE 13G Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* Holly Energy Partners LP (Name of Issuer) Partnership Interest (Title of Class of Securities) 435763107 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 21, 2022 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

January 21, 2022 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS--(BUSINESS WIRE) -- The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the fourth

January 21, 2022 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS-(BUSINESS WIRE) - The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the fourth quarter of 2021. The distribution will be paid on February 11, 2022 to unitholders of record on February 1, 2022. In 2022, HEP expects to hold the quar

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 14, 2021 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Comm

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 8, 2021 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

INVESTOR PRESENTATION DECEMBER 2021 Holly Energy Partners (NYSE: HEP) 2 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are “forward-looking statements” within the meaning of the U

EX-99.1 2 hepirpresdecember2021fin.htm EX-99.1 INVESTOR PRESENTATION DECEMBER 2021 Holly Energy Partners (NYSE: HEP) 2 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “project,” “expect,”

Form of Phantom Unit Agreement (Employ

Exhibit 10.6 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Employee) This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Phantom Units (?Notice of Grant?) by and between Holly Logistic Services, L.L.C. (the ?Company?), and you. WHEREAS, the Company, as part of your compensation for employment to the Company and Holly En

Form of Phantom Unit Agreement

Exhibit 10.8 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Non-Employee Director Award) This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Phantom Units (?Notice of Grant?) by and between Holly Logistic Services, L.L.C. (the ?Company?), and you. WHEREAS, the Company in order to induce you to enter into and to continue

Form of N

Exhibit 10.7 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN NOTICE OF GRANT OF PHANTOM UNITS (Employee) Pursuant to the terms and conditions of the Holly Energy Partners, L.P. Long-Term Incentive Plan (the ?Plan?), and the associated Phantom Unit Agreement (Employee) which has been made separately available to you (your ?Agreement?), you are hereby issued Phantom Units, whereby each Phantom

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-32225 HOLLY E

Form of Performance Unit Agreement (Executive) (incorporated by reference to Exhibit 10.5 of Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, File No. 1-32225).

Exhibit 10.5 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PERFORMANCE UNIT AGREEMENT This Performance Unit Agreement (the ?Agreement?) is made and entered into by and between Holly Logistic Services, L.L.C., a Delaware limited liability company (the ?Company?), and you. This Agreement is entered into as of the day of , 2021 (the ?Date of Grant?). W I T N E S S E T H: WHEREAS, the Company h

Second Amendment to the Holly Energy Partners, L.P. Long-Term Incentive Plan, effective October 27, 2021 (incorporated by reference to Exhibit 10.4 of Registrant's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, File No. 132225).

Exhibit 10.4 SECOND AMENDMENT TO THE HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN (As Amended and Restated Effective February 10, 2012) This SECOND AMENDMENT (this ?Second Amendment?) to the Holly Energy Partners, L.P. Long-Term Incentive Plan (As Amended and Restated effective February 10, 2012, and first amended effective January 16, 2013, the ?Plan?), is adopted as of October 27, 2021 (

Form of Notice of Grant of Phantom Unit Agreement (Non

Exhibit 10.9 HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN NOTICE OF GRANT OF PHANTOM UNITS (Non-Employee Director Award) Pursuant to the terms and conditions of the Holly Energy Partners, L.P. Long-Term Incentive Plan (the ?Plan?), and the associated Phantom Unit Agreement (Non-Employee Director Award) which has been made separately available to you (your ?Agreement?), you are hereby issue

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 2, 2021 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

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Earnings Release November 02, 2021 Holly Energy Partners, L.P. Reports Third Quarter Results ?Reported net income attributable to HEP of $49.2 million or $0.46 per unit ?Announced quarterly distribution of $0.35 per unit ?Reported EBITDA of $77.6 million and Adjusted EBITDA of $83.3 million Dallas, Texas - Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE: HEP) today reported financia

October 29, 2021

EX-99.1 3 hollyenergypartnersannounc.htm EX-99.1 October 29, 2021 HOLLY ENERGY PARTNERS ANNOUNCES OFFICER RETIREMENT DALLAS-(BUSINESS WIRE)- Holly Energy Partners, L.P. (NYSE:HEP) announced today that Mark Cunningham has notified the Board of Directors of Holly Logistic Services, L.L.C. (“HLS”), the ultimate general partner of HEP, that he will retire as Senior Vice President, Operations and Engin

Consulting Agreement between Holly Logistic Services, L.L.C. and Mark Cunningham

EX-10.1 2 consutlingagreement-markcu.htm EX-10.1 CONSULTING AGREEMENT This Consulting Agreement (the "Agreement") is made and entered into as of the 28th day of October, 2021 (the "Effective Date"), between Holly Logistic Services, L.L.C. and its successors (hereinafter referred to as the "Company") and Mark Cunningham (hereinafter referred to as "Consultant"). Recitals WHEREAS, Consultant will ce

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 29, 2021 (October 27, 2021) HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of in

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 21, 2021 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commi

October 21, 2021

October 21, 2021 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS-(BUSINESS WIRE) - The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the third quarter of 2021. The distribution will be paid on November 12, 2021 to unitholders of record on November 1, 2021. Holly Energy plans to announce results

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): September 22, 2021 HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or Incorporation) (Commission File Number) (

HEP / Holly Energy Partners, L.P. / Hollyfrontier Corp - SC 13D/A Activist Investment

SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 11) Holly Energy Partners, L.P. (Name of Issuer) Common Units (Title of Class of Securities) 435763 10 7 (CUSIP Number) Richard L. Voliva III Executive Vice President and Chief Financial Officer HollyFrontier Corporation 2828 N. Harwood, Suite 1300 Dallas, Texas

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-32225 HOLLY ENERGY

, 2021, effective as of May 1, 2021, by and between HollyFrontier Refining & Marketing LLC and Holly Energy Partners – Operating L.P.

SECOND AMENDMENT TO SEVENTH AMENDED AND RESTATED MASTER THROUGHPUT AGREEMENT This Second Amendment (this ?Amendment?) to the Seventh Amended and Restated Master Throughput Agreement by and between HOLLYFRONTIER REFINING & MARKETING LLC (?HFRM?) and HOLLY ENERGY PARTNERS-OPERATING, L.

Regulation FD Disclosure, Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 3, 2021 (August 2, 2021) HOLLY ENERGY PARTNERS, L.P. (Exact name of registrant as specified in its charter) Delaware 001-03876 20-0833098 (State or other jurisdiction of incorp

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 3, 2021 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commiss

Letter Agreement, dated as of August 2, 2021, by and among HollyFrontier Corporation and Holly Energy Partners, L.P. (incorporated by reference to Exhibit 10.2 of Registrant’s Current Report on Form 8-K filed on August 3, 2021, File No. 1-32225).

Exhibit 10.2 August 2, 2021 Holly Energy Partners, L.P. 2828 N. Harwood Street, Suite 1300 Dallas, Texas 75201 Attention: President Email address: [email protected] Re: Project Safari Ladies and Gentlemen: Reference is made to (a) the Business Combination Agreement dated of even date herewith by and among The Sinclair Companies, a corporation organized under the laws of the State of Wy

Disclosure Statement FORWARD LOOKING STATEMENTS: Statements contained herein that are not historical facts are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “

AUGUST 3, 2021 HollyFrontier Corporation & Holly Energy Partners, L.P. Combination with Sinclair Oil Corporation & Sinclair Transportation Company Exhibit 99.2 Disclosure Statement FORWARD LOOKING STATEMENTS: Statements contained herein that are not historical facts are ?forward-looking statements? within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as ?anti

HollyFrontier Corporation and Holly Energy Partners Announce Combination with Sinclair Oil and Formation of HF Sinclair Corporation

Exhibit 99.1 HollyFrontier Corporation and Holly Energy Partners Announce Combination with Sinclair Oil and Formation of HF Sinclair Corporation ? Creates leading integrated downstream petroleum and renewable fuels company to be named HF Sinclair Corporation ? Provides growth to Holly Energy Partners through Sinclair?s integrated crude and refined products midstream business ? HollyFrontier and HE

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Earnings Release August 03, 2021 Holly Energy Partners, L.P. Reports Second Quarter Results ?Reported net income attributable to HEP of $55.7 million or $0.53 per unit ?Announced quarterly distribution of $0.35 per unit ?Reported EBITDA of $88.1 million and Adjusted EBITDA of $88.3 million Dallas, Texas - Holly Energy Partners, L.P. (?HEP? or the ?Partnership?) (NYSE: HEP) today reported financial

Unitholders Agreement, dated as of August 2, 2021, by and among Holly Energy Partners, L.P., Holly Logistic Services, L.L.C., Navajo Pipeline Co., L.P., The Sinclair Companies, and the unitholders set forth on Schedule I thereto, as may be amended from time to time (incorporated herein by reference to Exhibit 10.1 to Holly Energy Partners, L.P.’s Current Report on Form 8-K (File No. 001-32225) filed with the SEC on August 3, 2021).

Exhibit 10.1 UNITHOLDERS AGREEMENT This Unitholders Agreement (this ?Agreement?) is made and entered into as of August 2, 2021, to be effective as of the Closing Date, by and among Holly Energy Partners, L.P., a Delaware limited partnership (the ?Partnership?), The Sinclair Companies, a Wyoming corporation (?Sinclair HoldCo?) and each other unitholder set forth on Schedule I hereto, as may be amen

Contribution Agreement, dated as of August 2, 2021, by and among Holly Energy Partners, L.P., The Sinclair Companies (now known as REH Company), and Sinclair Transportation Company (incorporated by reference to Exhibit 2.1 of Registrant’s Current Report on Form 8-K dated August 3, 2021, File No. 001-32225).

Exhibit 2.1 CONTRIBUTION AGREEMENT by and among THE SINCLAIR COMPANIES, SINCLAIR TRANSPORTATION COMPANY and HOLLY ENERGY PARTNERS, L.P. Dated as of August 2, 2021 TABLE OF CONTENTS ARTICLE 1. DEFINITIONS AND TERMS Section 1.1 Definitions 2 Section 1.2 Interpretation and Construction 2 ARTICLE 2. THE TRANSACTIONS Section 2.1 Company Reorganization and Sinclair Contribution 4 Section 2.2 Closing Acc

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 22, 2021 HOLLY ENERGY PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 001-32225 20-0833098 (State or other jurisdiction of incorporation) (Commissi

July 22, 2021 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS--(BUSINESS WIRE) -- The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the second qu

July 22, 2021 Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit DALLAS-(BUSINESS WIRE) - The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the second quarter of 2021. The distribution will be paid on August 13, 2021 to unitholders of record on August 2, 2021. Holly Energy plans to announce results for i

Quarterly Report - 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-32225 HOLLY ENERG

First Amendment to Seventh Amended and Restated Master Throughput Agreement, entered into as of April 30, 2021, effective as of April 1, 2021 by and between HollyFrontier Refining & Marketing LLC and Holly Energy Partners - Operating, L.P.

Exhibit 10.9 FIRST AMENDMENT TO Seventh Amended and Restated MASTER THROUGHPUT AGREEMENT This First Amendment to the Seventh Amended and Restated Master Throughput Agreement (?this ?Amendment?) by and between HOLLYFRONTIER REFINING & MARKETING LLC (?HFRM?) and HOLLY ENERGY PARTNERS-OPERATING, L.P. (?HEP Operating?) is dated as of April 30, 2021, to be effective as of April 1, 2021 (the ?Effective

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Earnings Release May 04, 2021 Holly Energy Partners, L.P. Reports First Quarter Results ?Reported net income attributable to HEP of $64.4 million or $0.61 per unit ?Announced quarterly distribution of $0.35 per unit ?Reported EBITDA of $96.2 million and Adjusted EBITDA of $87.9 million Dallas, Texas - Holly Energy Partners, L.P. (?HEP? or the ?Partnership?) (NYSE: HEP) today reported financial res