Shell Midstream Partners (SHLX) Misses Q3 EPS by 3c, Revenues Miss
Shell Midstream Partners (NYSE: SHLX) reported Q3 EPS of $0.30, $0.03 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $110 million versus the consensus estimate of $132.36 million.
“We had solid performance this quarter despite the continued effects from COVID-19 and an active hurricane season,” said Kevin Nichols, CEO, Shell Midstream Partners GP LLC. “Our operational capabilities and resilient portfolio allowed us to continue delivering value in a challenging macro environment. We expect to see continued volatility and uncertainty, but we remain committed to our customers and investors for reliable delivery while maintaining the safety and protection of our employees and assets.”
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