Holly Energy Partners, L.P. (NYSE:HEP) Q2 2022 Earnings Conference Call August 8, 2022 8:30 AM ET
Company Participants
Craig Biery - Vice President, Investor Relations
Michael Jennings - Chief Executive Officer
Rich Voliva - President
Timothy Go - President and Chief Operating Officer, HF Sinclair
Conference Call Participants
Manav Gupta - Credit Suisse
Paul Cheng - Scotiabank
Theresa Chen - Barclays
Doug Leggate - Bank of America
Neil Mehta - Goldman Sachs
Matthew Blair - Tudor, Pickering, Holt & Company
Jason Gabelman - Cowen
John Royall - JP Morgan
Operator
Welcome to the HF Sinclair Corporation and Holly Energy Partners Second Quarter 2022 Conference Call and Webcast. Hosting the call today is Mike Jennings, Chief Executive Officer of HF Sinclair and Holly Energy Partners. He is joined by Rich Voliva, Executive Vice President and Chief Financial Officer of HF Sinclair and President of Holly Energy Partners; and Tim Go, President and Chief Operating Officer of HF Sinclair. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation. [Operator Instructions] Please note, that this conference is being recorded.
It is now my pleasure to turn the floor over to Craig Biery, Vice President, Investor Relations. Craig, you may begin.
Craig Biery
Thank you, Rex. Good morning everyone and welcome to HF Sinclair Corporation and Holly Energy Partners second quarter 2022 earnings call. This morning we issued press releases announcing results for the quarter ending June 30, 2022. If you would like a copy of the press release, you may find them on our website at hfsinclair.com and hollyenergy.com.
Before we proceed with remarks, please note the safe harbor disclosure statement in today's press releases. In summary, its statements made regarding management expectations, judgments or predictions are forward-looking statements. These statements are intended to be covered under the Safe Harbor provisions of Federal Security Laws. There are many factors that could cause results to differ from expectations, including those noted in our SEC filings. The call also may include discussion of non-GAAP measures, please see the earnings press releases for reconciliations to GAAP financial measures. Also please note, any time sensitive information provided on today's call may no longer be accurate at the time of any webcast replay or rereading of the transcript.
And with that, I'll turn the call over to Mike Jennings.
Michael Jennings
Great. Thanks, Craig. Good morning, everyone. Today we reported second-quarter net income attributable to HF Sinclair shareholders of $1,221 million or $5.43 per diluted share. These results reflect special items that collectively decreased net income by $37 million. Excluding these items, adjusted net income for the second quarter was $1,259 million or $5.59 per diluted share, as compared to adjusted net income of $144 million or $0.87 per diluted share for the same period in ‘21.