================================================================================

                                  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 21, 2006

                               HILAND PARTNERS, LP
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

               DELAWARE                 000-51120             71-0972724
     ----------------------------      ------------      -------------------
     (State or other jurisdiction      (Commission        (I.R.S. Employer
           of incorporation)           File Number)      Identification No.)

        205 W. Maple, Suite 1100, Enid, OK                       73701
     ----------------------------------------                 ----------
     (Address of principal executive offices)                 (Zip Code)

        Registrant's telephone number, including area code (580) 242-6040


         --------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

================================================================================



ITEMS 2.02 AND 7.01:  RESULTS OF OPERATIONS AND FINANCIAL CONDITION; REGULATION
FD DISCLOSURE

On February 21, 2006 the Registrant released its financial results for the
fourth quarter of 2005.

A copy of the Registrant's press release announcing the financial results is
attached as Exhibit 99.1 to this current report on Form 8-K.

THE FOLLOWING INFORMATION IS FURNISHED PURSUANT TO ITEM 2.02, "RESULTS OF
OPERATIONS AND FINANCIAL CONDITION, AND ITEM 7.01 "REGULATION FD DISCLOSURE,"
AND SHALL NOT BE DEEMED "FILED" FOR PURPOSES OF SECTION 18 OF THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED, OR OTHERWISE SUBJECT TO THE LIABILITIES OF
THAT SECTION.

ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS.

(d)     Exhibits

99.1      Press Release issued by Hiland Partners LP on February 21, 2006.



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                                  HILAND PARTNERS, LP
                                                  ------------------------------
                                                  (Registrant)

                                                  By: Hiland Partners GP, LLC,
                                                      its general partner

Date: February 21, 2006

                                                      /s/ KEN MAPLES
                                                      --------------------------
                                                      Ken Maples
                                                      Chief Financial Officer,
                                                      Vice President-Finance and
                                                      Secretary