Shell Midstream Partners (SHLX) Tops Q3 EPS by 4c, Revenues Beat

Shell Midstream Partners (NYSE: SHLX) reported Q3 EPS of $0.45, $0.04 better than the analyst estimate of $0.41. Revenue for the quarter came in at $125 million versus the consensus estimate of $115.36 million.

“I'm pleased with our delivery in the third quarter,” said Kevin Nichols, CEO, Shell Midstream Partners, GP LLC. “Despite the impact from Hurricane Barry, we saw strong demand through our systems, and our assets continue to demonstrate resilience. Looking ahead, we remain bullish on the Gulf of Mexico, particularly the Mars corridor, where we see the opportunity to expand the Mars system. Our corridor strategy is working, and we remain well-positioned to capture growth.”

For earnings history and earnings-related data on Shell Midstream Partners (SHLX) click here.

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