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BP MIDSTREAM PARTNERS LP

(BPMP)
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BP Midstream Partners LP : Material Event (Form 8-K)

09/03/2021 | 06:12am EDT
Other Events.

Operators of Gulf of Mexico pipelines in which BP Midstream Partners ('BPMP' or the 'Partnership') has interests, as well as operators of production facilities connected to these pipelines, including BPMP's sponsor, bp, continue to assess the impacts of Hurricane Ida.


On September 2, 2021, Shell Pipeline Company, L.P., the operator of the Mars pipeline, in which BPMP owns a 28.5% interest, issued the following update relevant to BPMP:

Shell Midstream Partners, L.P. (NYSE:SHLX) ('Shell Midstream Partners' or the 'Partnership') and Shell Pipeline Company, L.P. are currently working to perform Hurricane Ida impact assessments on all of their owned or operated assets in the Gulf of Mexico and onshore Louisiana. Following initial high-level assessments, the Partnership can report the following at this time:

Gulf of Mexico Pipelines: Initial flyovers have indicated that there was damage to the West Delta-143 facilities, which are operated by Shell Pipeline Company, L.P. and serve as a transfer station for the Mars Oil Pipeline for production in the Mars corridor. All parties are continuing to assess and determine the extent of such damage, as well as when it will be safe to return such facilities to service.

The Partnership will continue to provide updates as information becomes available on the company website, www.shellmidstreampartners.com.

Shell Midstream Partners' primary focus continues to be the safety of its affiliates' employees and the protection of the environment.

BPMP also owns 22.7% of the Ursa pipeline, which feeds into the Mars pipeline.

The Partnership will make additional public disclosures when appropriate to do so.

Financial Statements and Exhibits.

(d) Exhibits.
Number Description
104 Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

Disclaimer

BP Midstream Partners LP published this content on 03 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2021 10:11:23 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 123 M - -
Net income 2021 171 M - -
Net Debt 2021 321 M - -
P/E ratio 2021 8,70x
Yield 2021 10,1%
Capitalization 1 451 M 1 451 M -
EV / Sales 2021 14,4x
EV / Sales 2022 13,8x
Nbr of Employees -
Free-Float 45,6%
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 13,85 $
Average target price 13,64 $
Spread / Average Target -1,49%
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Managers and Directors
Robert P. Zinsmeister Chief Executive Officer & Director
Jack T. Collins Chief Financial Officer & Director
J. Douglas Sparkman Chairman
David Kurt Chief Operating Officer
Robert A. Malone Independent Director & General Partner
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