Inactive Instrument

Shell Midstream Partners

Equities

SHLX

US8226341019

Shell Midstream Partners, L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021

October 29, 2021 at 10:48 am EDT

Shell Midstream Partners, L.P. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 14 million compared to USD 15 million a year ago. Revenue was USD 128 million compared to USD 110 million a year ago. Net income was USD 127 million compared to USD 135 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.3 a year ago. For the nine months, sales was USD 42 million compared to USD 43 million a year ago. Revenue was USD 415 million compared to USD 351 million a year ago. Net income was USD 452 million compared to USD 414 million a year ago. Basic earnings per share from continuing operations was USD 1.06 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 0.96 a year ago.

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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
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Company Profile

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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