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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Shell Midstream Partners LP (SHLX) CEO Kevin Nichols on Q3 2020 Results - Earnings Call Transcript

Houston, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “Shell Midstream Partners”) reported net income attributable to the Partnership of $135 million for the third quarter of 2020, which equated to $0.30 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 $191 million.

SHELL MIDSTREAM PARTNERS, L.P. 3rd QUARTER 2020 UNAUDITED RESULTS

Shell Midstream Partners L.P. may be new to the industry but its operations have been fruitful, given its impressive financials. The dividend payments have been consistent and rapidly growing since it became public.

Shell Midstream Partners: Thwarting The Impact Of The Pandemic, Growing And Remaining Unfazed

Shell Midstream Partners: Eliminating IDRs Has Turned This High Yielder Around

Houston, July  31, 2020  (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership”) is pleased to announce the appointment of Jesse C. H. Stanley as Vice President, Operations of its general partner, Shell Midstream Partners GP LLC.  Ms. Stanley is taking over the role from Mr. Alton G. Smith, who retired from the role in July, as previously announced by the Partnership.  Ms. Stanley formerly served as the General Manager for Value Chain Integration in upstream shales for Royal Dutch Shell plc (“Shell”), a position that she held for one year. Ms. Stanley started her career with Shell in Europe, working in lubricants operations based in Shell’s lubricants plants & refineries in the United Kingdom and Europe, a role in which she served for six years, streamlining processes for logistics and leading a series of initiatives to improve cost competitiveness. Later, Ms. Stanley was responsible for the global marketing of Shell’s automotive lubricants and led several business development efforts in that role. Before coming to the shales business in the United States, Ms. Stanley was the business advisor and group strategy manager for Shell’s EVP Strategy & Portfolio in The Hague, Netherlands. 

Shell Midstream Partners, L.P. Announces Appointment of New VP, Operations of Its General Partner

Shell Midstream Partners LP (SHLX) CEO Kevin Nichols on Q2 2020 Results - Earnings Call Transcript

Houston, July  31, 2020  (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “Shell Midstream Partners”) reported net income attributable to the Partnership of $141 million for the second quarter of 2020, which equated to $0.32 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 $192 million.

SHELL MIDSTREAM PARTNERS, L.P. 2nd QUARTER 2020 UNAUDITED RESULTS

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Shell Midstream Partners LP (SHLX) CEO Kevin Nichols on Q1 2020 Results - Earnings Call Transcript

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Houston, March  05, 2020  (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) has announced that the Partnership’s 2019 investor K-1 tax packages are now available on its website,  http://www.shellmidstreampartners.com . Investors may access the tax package portal via a link on the "Tax Information" page, or use the following direct link:  https://www.partnerdatalink.com/Shell    For additional information related to the 2019 K-1 tax package, please contact  ShellK1Help@deloitte.com  or call toll-free 1-855-288-4071. 

Shell Midstream Partners, L.P. Tax Packages Available

Houston, Feb.  28, 2020  (GLOBE NEWSWIRE) -- Today, Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “SHLX”) announced it has signed an agreement with its general partner to eliminate all incentive distribution rights (“IDRs”) and economic general partner (“GP”) interest in SHLX. SHLX has also entered into a Purchase and Sale Agreement with affiliates of its sponsor, Royal Dutch Shell plc (“Shell”), to acquire (i) Shell’s 79% interest in Mattox Pipeline Company LLC, which owns the Mattox Pipeline, and (ii) certain logistics assets at the Shell Norco Manufacturing Complex. As consideration for the assets and the elimination of IDRs, the sponsor will receive 160 million newly issued SHLX common units, plus $1.2 billion of Series A perpetual convertible preferred units (the “preferred units”) at a price of $23.63 per unit.

Shell Midstream Partners, L.P. Announces Elimination of Incentive Distribution Rights and Agrees to Acquire Additional Assets from Shell

Shell Midstream Partners, LP (SHLX) CEO Kevin Nichols on Q4 2019 Results - Earnings Call Transcript

Houston, Feb.  20, 2020  (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) today announced that its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 was filed with the U.S. Securities and Exchange Commission and can be viewed on the Partnership’s website at  www.shellmidstreampartners.com . The filing can be accessed by selecting the “Financial Reporting” link.

Shell Midstream Partners, L.P. 2019 Form 10-K Available on Website

Houston, Jan.  23, 2020  (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) announces that the Board of Directors of its general partner declared a cash distribution of $0.4600 per limited partner unit for the fourth quarter of 2019. This represents an increase of 3.4 percent over the previous quarterly distribution of $0.4450 per unit and a 15.0 percent increase over the distribution paid with respect to the fourth quarter of 2018. The distribution will be paid February 14, 2020 to unitholders of record as of February 3, 2020.   TAX CONSIDERATIONS This release is intended to be a qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Shell Midstream Partners, L.P.’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Shell Midstream Partners, L.P.’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Shell Midstream Partners, L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Shell Midstream Partners, L.P. Declares 3.4% Increase in Quarterly Distribution

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Shell Midstream Partners, LP (SHLX) CEO Kevin Nichols on Q3 2019 Results - Earnings Call Transcript

Houston, Oct.  24, 2019  (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) announces that the Board of Directors of its general partner declared a cash distribution of $0.4450 per limited partner unit for the third quarter of 2019.  This represents an increase of 3.5 percent over the previous quarterly distribution of $0.4300 per unit and a 16.5 percent increase over the distribution paid with respect to the third quarter of 2018.  The distribution will be paid November 14, 2019 to unitholders of record as of November 4, 2019.   TAX CONSIDERATIONSThis release is intended to be a qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Shell Midstream Partners, L.P.’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Shell Midstream Partners, L.P.’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Shell Midstream Partners, L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Shell Midstream Partners, L.P. Declares 3.5% Increase in Quarterly Distribution

Shell Midstream (SHLX) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

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Shell Midstream Partners, L.P. (SHLX) CEO Kevin Nichols on Q1 2019 Results - Earnings Call Transcript

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