Shell Midstream Partners (SHLX) Tops Q1 EPS by 3c, Revenues Beat
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SHELL MIDSTREAM PARTNERS, L.P. 1st QUARTER 2021 UNAUDITED RESULTS
April 30, 2021 8:00 AM EDTHouston, April 30, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the Partnership or Shell Midstream Partners) reported net income attributable to the Partnership of $163 million for the first quarter of 2021, which equated to $0.37 per diluted common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the Partnership of $201 million.
Total cash available for distribution was $173 million, approximately $8 million higher than the prior quarter. This increase was largely driven by offshore volumes returning to more normal levels following hurricane impacts and planned producer... More
