Shell Midstream Partners (SHLX) Tops Q3 EPS by 4c, Revenues Beat
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Shell Midstream Partners, L.P. 3rd Quarter 2019 Unaudited Results
October 31, 2019 4:31 PM EDTHouston, Oct. 31, 2019 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX), a growth-oriented master limited partnership formed by Royal Dutch Shell plc (RDS), reported net income attributable to the partnership of $141 million for the third quarter of 2019, which equated to $0.45 per common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the partnership of $186 million.
Total cash available for distribution was $153 million, approximately $9 million lower than the prior quarter. The financial results of the quarter were largely driven by continued strong performance by the... More
