Shell Midstream Partners (SHLX) Misses Q1 EPS by 6c, Revenues Miss
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Shell Midstream Partners, L.P. 1st Quarter 2020 Unaudited Results
May 7, 2020 8:00 AM EDTHouston, May 07, 2020 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the Partnership or SHLX) reported net income attributable to the Partnership of $138 million for the first quarter of 2020, which equated to $0.36 per common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the Partnership of $196 million.
Total cash available for distribution was $170 million, approximately $6 million higher than the prior quarter. The improved financial results were largely driven by continued strong performance across the Gulf of Mexico portfolio, lower seasonal spending related to the... More
