Shell Midstream Partners (SHLX) Misses Q2 EPS by 9c

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Go back to Shell Midstream Partners (SHLX) Misses Q2 EPS by 9c

Shell Midstream Partners, L.P. 2nd Quarter 2017 Unaudited Results

August 3, 2017 8:00 AM EDT

Houston, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX), a growth-oriented mainstream midstream master limited partnership formed by Royal Dutch Shell plc (RDS), reported net income attributable to the partnership of $65.5 million for the second quarter of 2017, which equated to $0.29 per common limited partner unit.  Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the partnership of $82.7 million.

Total cash available for distribution was $88.7 million, about 2% lower than the prior quarter. The financial results of the quarter were largely impacted by a... More