Shell Midstream Partners (SHLX) Misses Q3 EPS by 4c

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SHELL MIDSTREAM PARTNERS, L.P. 3rd QUARTER 2021 UNAUDITED RESULTS

October 29, 2021 8:00 AM EDT

Houston, Oct. 29, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the Partnership or Shell Midstream Partners) reported net income attributable to the Partnership of $127 million for the third quarter of 2021, which equated to $0.29 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 $145 million.

Total cash available for distribution was $122 million, which is $64 million lower than the prior quarter. This decrease was largely driven by impacts related to Hurricane Ida as a majority of our Gulf of... More