By Dallas Business Journal

Energy companies Holly Energy Partners LP and Pioneer Natural Resources Inc. reported increased profits Thursday.

Dallas-based Holly Energy said it increased its distributable earnings by 38 percent to $22.7 million in the second quarter of 2010.

Hollyâ¿¿s (NYSE: HEP) income from continuing operations declined 10 percent from the year ago quarter to $13.4 million. The oil transporter and refiner blamed declines in deferred revenue and shipments, as well as increased interest costs.

Irving-based Pioneer reported a profit of $188.7 million for the second quarter, compared with an $87.5 million net loss for the same period in 2009.

The profit reported by Pioneer (NYSE: PXD) included noncash derivative gains, royalty refunds and payments tied to new joint ventures.

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