Inactive Instrument

Shell Midstream Partners

SHLX

US8226341019

Shell Midstream: 3Q Earnings Snapshot

October 30, 2020 at 08:27 am EDT

HOUSTON (AP) _ Shell Midstream Partners LP (SHLX) on Friday reported third-quarter earnings of $135 million.

On a per-share basis, the Houston-based company said it had net income of 30 cents.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The master limited partnership posted revenue of $110 million in the period.

Shell Midstream shares have decreased 54% since the beginning of the year. The stock has fallen 55% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHLX at https://www.zacks.com/ap/SHLX

Latest news about Shell Midstream Partners

Shell Midstream Partners, L.P.(NYSE:SHLX) dropped from Alerian MLP Index	23-03-20	CI
Sector Update: Energy Stocks, Crude Oil Rise During Wednesday Trading	22-10-19	MT
Sector Update: Energy	22-10-19	MT
Shell Midstream Partners Closes $1.96 Billion Sale to Shell USA	22-10-19	MT
Shell Midstream Partners, L.P. Announces Board Changes	22-10-19	CI
Shell Pipeline Company LP completed the acquisition of the remaining 31.5% stake in Shell Midstream Partners, L.P..	22-10-18	CI
This decade's oil boom is moving offshore - way offshore	22-08-31	RE
Mizuho Securities Adjusts Price Target on Shell Midstream Partners to $16 From $14, Maintains Neutral Rating	22-08-01	MT
Shell Midstream Partners Q2 Net Income Declines, Revenue Rises	22-07-29	MT
Shell Midstream Partners, L.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-28	CI
Earnings Flash (SHLX) SHELL MIDSTREAM PARTNERS L.P. Reports Q2 Revenue $149M	22-07-28	MT
Top Midday Gainers	22-07-26	MT
Shell USA Signs $2 Billion Merger With Shell Midstream Partners	22-07-26	MT
BoE Expected to Hike Interest Rates by 50 Basis Points in August, Barclays Says	22-07-26	DJ
EasyJet Update Isn't Expected to Materially Affect Consensus, Citi Says	22-07-26	DJ
Unilever's Reorganization Seems to be Progressing Well, RBC Says	22-07-26	DJ
FTSE 100 to Edge Higher After Mainly Upbeat Asia Trading	22-07-26	DJ
Shell USA, Shell Midstream Partners to Merge in $1.96 Billion Deal	22-07-25	DJ
Shell USA to Buy Rest of Shell Midstream Partners for $1.96 Billion in Cash	22-07-25	MT
Shell Midstream Partners, L.P. Declares Cash Distribution for the Second Quarter of 2022, Payable on August 12, 2022	22-07-21	CI
Shell Midstream Partners, L.P. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-29	CI
Shell Midstream Partners Q1 EPS, Revenue Fall	22-04-28	MT
Earnings Flash (SHLX) SHELL MIDSTREAM PARTNERS L.P. Posts Q1 Revenue $135M, vs. Street Est of $134.9M	22-04-28	MT
Shell Midstream Partners Maintains Quarterly Cash Distribution at $0.30/Unit, Payable May 13 to Unitholders of Record May 3	22-04-21	MT
Shell Midstream Partners, L.P. Declares Distribution for the First Quarter of 2022, Payable on May 13, 2022	22-04-21	CI

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Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream and logistics assets. It conducts its operations either through its wholly owned subsidiary Shell Midstream Operating LLC or through direct ownership. Its assets include interests in entities that own crude oil and refined products pipelines and terminals that serve as infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and deliver refined products from those markets to major demand centres; and storage tanks and financing receivables that are secured by pipelines, storage tanks, docks, truck and rail racks and other infrastructure used to stage and transport intermediate and finished products. Its assets also include interests in entities that own natural gas and refinery gas pipelines that transport offshore natural gas to market hubs and deliver refinery gas from refineries and plants to chemical sites along the Gulf Coast.

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