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Holly Energy Partners Fourth Quarter 2005 Earnings Release and Conference Call

01/17/2006
Holly Energy Partners Fourth Quarter 2005 Earnings Release and Conference Call DALLAS, TX – Holly Energy Partners, L.P. (NYSE: HEP) plans to announce results for the quarter ended December 31, 2005 on January 30, 2006, before the opening of trading on the New York Stock Exchange. The company has scheduled a conference call for later that morning at 10:00AM EST to discuss financial results. Listeners may access this call by dialing (800) 858-5936. The ID# for this call is 4383132. For those who would like to listen to this call via the internet, you may access the call at: http://audioevent.mshow.com/285522

Additionally, listeners may replay this call approximately two hours after the call concludes by dialing (800) 642-1687. Enter Conference ID: 4383132. This audio archive will be available for two weeks.

Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides refined petroleum product transportation and terminal services to the petroleum industry, including Holly Corporation, which owns a 45% interest in the Partnership. The Partnership owns and operates refined product pipelines and terminals primarily in Texas, New Mexico, Oklahoma, Arizona, Washington, Idaho and Utah. In addition, the Partnership owns a 70% interest in Rio Grande Pipeline Company, a transporter of LPGs from West Texas to Northern Mexico.

FOR FURTHER INFORMATION, Contact: Stephen J. McDonnell, Vice President and Chief Financial Officer M. Neale Hickerson, Vice President-Investor Relations Holly Energy Partners 214-871-3555

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