Shell Midstream Partners LP

Shell Midstream Partners are a fee-based, growth-oriented master limited partnership recently formed by Shell. It owns, operates, develops, and acquires pipelines and other midstream and logistics assets.

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Houston, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P.'s Fourth Quarter Earnings Conference Call will be held Thursday, February 24, 2022 at 10:00am CST. Shell Midstream Partners' participants will be Steve Ledbetter, President and Chief Executive Officer, Shawn Carsten, Chief Financial Officer and Sean Guillory, VP Commercial.

Advance Notice of Fourth Quarter Financial Results for Shell Midstream Partners, L.P.

Shell midstream has grappled with operational issues in the past 12 months.

Shell Midstream: Prime Assets, Subprime Valuation

Even though Shell Midstream Partners reduced their distributions only a few months ago, management has already flagged the potential for higher unitholder returns, including higher distributions.

Shell Midstream Partners: Higher Distributions Would Do More Harm Than Good

Houston, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (“Shell Midstream Partners” or the “Partnership”) and Shell Pipeline Company LP (“SPLC”) announced today that they have safely re-started the West Delta-143 (“WD-143”) “A” offshore facilities. With the WD-143 “A” facilities now operational, the Mars Oil Pipeline Company has resumed normal operations as producers ramp up production.

Shell Midstream Partners, L.P. Announces Mars Oil Pipeline Has Resumed Normal Operations

Shell Midstream Partners, L.P. (SHLX) CEO Steve Ledbetter on Q3 2021 Results - Earnings Call Transcript

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.

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

Houston, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Houston, Texas, October 18, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P.'s Third Quarter Earnings Conference Call will be held Friday, October 29, 2021 at 10:00am CST. Shell Midstream Partners' participants will be Steve Ledbetter, President and Chief Executive Officer, Shawn Carsten, Chief Financial Officer and Sean Guillory, VP Commercial.

Advance Notice of Third Quarter Financial Results for Shell Midstream Partners, L.P.

Houston, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (“Shell Midstream Partners” or the “Partnership”) today announced that it expects outages and repairs related to Hurricane Ida to have an impact to both net income and cash available for distribution of approximately $45 to $55 million for the third quarter of 2021 and $20 to $30 million for the fourth quarter of 2021. The majority of the impact is related to the previously disclosed downtime across various pipeline assets, as well as remediation costs related to the Partnership's assets in the Gulf of Mexico and onshore in southeastern Louisiana.

Shell Midstream Partners, L.P. Expected Net Income Impact Due to Hurricane Ida

Shell Midstream Partners finally reduced their distributions by a large 35% after sustaining them throughout the turmoil of 2020. Although tempting to blame Covid-19, it was actually due to the upcoming higher distributions payable to their general partner, Royal Dutch Shell.

Shell Midstream Partners: Time To Buy With Dust Now Settling, Intrinsic Value 30%+ Higher

Houston, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (“Shell Midstream Partners” or the “Partnership”) and Shell Pipeline Company, L.P. are currently working to perform Hurricane Ida impact assessments on all of their owned or operated assets in the Gulf of Mexico and onshore Louisiana. Following initial high-level assessments, the Partnership can report the following at this time:

Shell Midstream Assesses Initial Impacts Related to Hurricane Ida

The distribution cut largely conforms to market expectations. A plan to properly use the cash flow in the business is needed.

Shell Midstream Cuts The Distribution

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Shell Midstream Partners, L.P. (SHLX) CEO Steven Ledbetter on Q2 2021 Results - Earnings Call Transcript

Houston, July 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 $162 million for the second quarter of 2021, which equated to $0.36 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 $207 million.

SHELL MIDSTREAM PARTNERS, L.P. 2nd QUARTER 2021 UNAUDITED RESULTS

Shell Midstream Partners (SHLX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Shell Midstream Partners (SHLX)

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Shell Midstream (SHLX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Shell Midstream (SHLX) Rating Upgrade to Buy

The distributions of Shell Midstream Partners face high stakes heading into their second-quarter earnings with them remaining risky. Whilst they saw a solid first quarter of 2021, the bigger issue is their lack of clear direction regarding how they intend to utilize their future free cash flow.

Shell Midstream Partners: High Stakes For Their 13% Yield Heading Into Their Q2 Earnings

Houston, July 16, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P.'s Second Quarter Earnings Conference Call will be held Friday, July 30, 2021 at 10:00am CST. Shell Midstream Partners' participants will be Steve Ledbetter, President and Chief Executive Officer, Shawn Carsten, Chief Financial Officer and Sean Guillory, VP Commercial.

Advance Notice of Second Quarter Financial Results for Shell Midstream Partners, L.P.

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The Board of Directors has stubbornly stuck to the current distribution, even with assets performing below plan.

Shell Midstream: Safe Distribution For Now, But Maybe Not The Right Call

Shell Midstream Partners L.P. (SHLX) CEO Steve Ledbetter on Q1 2021 Results - Earnings Call Transcript

Houston, 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.

News for Shell Midstream Partners LP Stock (SHLX)