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Holly Energy Partners Third Quarter 2014 Earnings Release and Conference Webcast

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Holly Energy Partners, L.P. (NYSE:HEP) (the “Partnership”) plans to announce results for its quarter ended September 30, 2014 on November 4, 2014, before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on November 4, 2014 at 4:00 p.m. Eastern time to discuss financial results.

This webcast may be accessed at: https://event.webcasts.com/starthere.jsp?ei=1044060

An audio archive of this webcast will be available using the above noted link through November 18, 2014.

About Holly Energy Partners, L.P.:

Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, tankage and terminal services to the petroleum industry, including HollyFrontier Corporation, which currently owns a 39% interest (including a 2% general partner interest), in the Partnership. The Partnership owns and operates petroleum product and crude pipelines, tankage, terminals and loading facilities located in Texas, New Mexico, Oklahoma, Arizona, Washington, Kansas, Wyoming, Idaho and Utah. In addition, the Partnership owns a 75% interest in UNEV Pipeline, LLC, the owner of a Holly Energy operated refined products pipeline running from Salt Lake City, Utah to Las Vegas, Nevada, and related product terminals and a 25% interest in SLC Pipeline LLC, a 95-mile intrastate pipeline system serving refineries in the Salt Lake City, Utah area.

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