Shell Midstream Partners (NYSE: SHLX) reported Q3 EPS of $0.31, $0.03 better than the analyst estimate of $0.28. Revenue for the quarter came in at $94.4 million versus the consensus estimate of $76.66 million.

FINANCIAL HIGHLIGHTS

• Net income attributable to the partnership was $72.6 million, compared to $65.5 million for the prior quarter.
• Net cash provided by operating activities was $100.7 million, compared to $78.6 million for the prior quarter.
• Cash available for distribution was $83.9 million, compared to $88.7 million for the prior quarter, driven by better underlying performance offset by impacts from Hurricane Harvey.
• Total cash distribution declared was $77.4 million resulting in a 1.1x coverage ratio.
• Adjusted EBITDA attributable to the partnership was $92.2 million, compared to $82.7 million for the prior quarter.
• As of September 30, 2017, the partnership had $171.9 million of consolidated cash and cash equivalents on hand. Net Debt to Adjusted EBITDA was 2.2x as of the end of the third quarter.
• Net proceeds received from equity issuances of $275.0 million which were primarily used to repay $265.0 million of Debt.

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