Shell Midstream Partners (SHLX) Misses Q4 EPS by 3c, Revenues Beat
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Shell Midstream Partners, L.P. 4th Quarter 2019 Unaudited Results
February 20, 2020 8:01 AM ESTHouston, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) reported net income attributable to the Partnership of $140 million for the fourth quarter of 2019, which equated to $0.37 per common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the Partnership of $187 million.
Total cash available for distribution was $164 million, approximately $11 million higher than the prior quarter. The increase was largely driven by offshore pipeline systems returning to normal throughput following the third quarter hurricane impact, continued strong performance by the onshore... More
