Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets. The company stores and transports crude oil, refined, natural gas, and refinery gas products for various customers, including producers, refiners, marketers, and traders, as well as to other crude oil and refined products pipelines through its pipelines and storage tanks. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is headquartered in Houston, Texas. Shell Midstream Partners, L.P. operates as a subsidiary of Shell Pipeline Company LP.
IPO Year: 2014
Exchange: NYSE
Website: shellmidstreampartners.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/25/2022 | $12.00 → $13.00 | Neutral | Credit Suisse |
| 1/20/2022 | $14.00 → $13.00 | Overweight → Equal-Weight | Barclays |
| 1/18/2022 | $12.50 → $13.00 | Underperform | B of A Securities |
| 10/19/2021 | $14.00 | Equal-Weight → Overweight | Barclays |
| 10/15/2021 | $13.00 → $12.00 | Underperform → Neutral | Credit Suisse |
| 9/28/2021 | $12.50 | Underperform | BofA Securities |
| 7/16/2021 | $12.50 → $13.00 | Underperform | Credit Suisse |
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SC 13E3/A - Shell Midstream Partners, L.P. (0001610466) (Subject)
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SC 13E3/A - Shell Midstream Partners, L.P. (0001610466) (Subject)
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4 - Shell Midstream Partners, L.P. (0001610466) (Issuer)
4 - Shell Midstream Partners, L.P. (0001610466) (Issuer)
4 - Shell Midstream Partners, L.P. (0001610466) (Issuer)
4 - Shell Midstream Partners, L.P. (0001610466) (Issuer)
4 - Shell Midstream Partners, L.P. (0001610466) (Issuer)
3 - Shell Midstream Partners, L.P. (0001610466) (Issuer)
4 - Shell Midstream Partners, L.P. (0001610466) (Issuer)
Houston, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership") has announced that the Partnership's 2021 Schedule K-3s, reflecting items of international tax relevance for each unitholder, are now available on its website, http://www.shellmidstreampartners.com. Unitholders requiring this information may access their respective Schedule K-3 via a link on the "Tax Information" page, or use the following direct link: https://www.partnerdatalink.com/Shell .A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the de
Houston, July 28, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership" or "Shell Midstream Partners") reported net income attributable to the Partnership of $148 million for the second quarter of 2022, which equated to $0.33 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. Total cash available for distribution was $164 million, which is $7 million higher than the prior quarter. The increasewas largely driven by increased volumes shipped on the Zydeco system and higher distributions from Explor
SHELL PLC2nd QUARTER 2022 AND HALF YEAR UNAUDITED RESULTS SUMMARY OF UNAUDITED RESULTSQuarters$ million Half yearQ2 2022Q1 2022Q2 2021%¹ Reference20222021%18,040 7,116 3,428 +154Income/(loss) attributable to Shell plc shareholders 25,156 9,087 +17711,472 9,130 5,534 +26Adjusted EarningsA20,601 8,768 +13523,150 19,028 13,623 +22Adjusted EBITDA2A42,177 25,195 +6718,655 14,815 12,617 +26Cash flow from operating activities 33,470 20,910 +60(6,207) (4,273) (2,946) Cash flow from investing activities (10,481) (3,535) 12,448 10,542 9,671 Free cash flowG22,989 17,375 7,024 5,064 4,383 Cash capital expenditureC12,088 8,
Houston, July 21, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership") announces that the Board of Directors of its general partner declared a cash distribution of $0.30 per limited partner common unit for the second quarter of 2022. The distribution will be paid August 12, 2022 to unitholders of record as of August 2, 2022. The Partnership's second quarter earnings release and associated SEC filings will be posted after markets close on Thursday, July 28, 2022. 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
Houston, April 28, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership" or "Shell Midstream Partners") reported net income attributable to the Partnership of $158 million for the first quarter of 2022, 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 $182 million. Total cash available for distribution was $157 million, which is $15 million higher than the prior quarter. The increasewas largely driven by increased volumes across our systems, which were impacted by repairs related to Hu
Houston, April 25, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership") announces that the Partnership's first quarter earnings release and associated SEC filings will be posted after markets close on Thursday, April 28, 2022, which is a date change from our previous announcement last week. ### About Shell Midstream Partners, L.P. Shell Midstream Partners, L.P., headquartered in Houston, Texas, owns, operates, develops and acquires pipelines and other midstream and logistics assets. The Partnership's assets include interests in entities that own (a) crude oil and refined products pipelines and terminals that serve as key infrastructure to tra
Houston, April 21, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership") announces that the Board of Directors of its general partner declared a cash distribution of $0.30 per limited partner common unit for the first quarter of 2022. The distribution will be paid May 13, 2022 to unitholders of record as of May 3, 2022. The Partnership's first quarter earnings release and associated SEC filings will be posted after markets close on Thursday, May 5, 2022. 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 the Partnershi
Houston, March 10, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) has announced that the Partnership's 2021 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 2021 K-1 tax package, please contact [email protected] or call toll-free 1-855-288-4071. # # # About Shell Midstream Partners, L.P. Shell Midstream Partners, L.P., headquartered in Houston, Texas, owns, operates, develops and acquires pipeli
Houston, Feb. 24, 2022 (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, 2021 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. Also, upon written request, limited partners may receive, free of charge, a printed copy of the Partnership's Annual Report on Form 10-K, which includes audited financial statements. Requests should be communicated in writing to Shell Midstream Partners, L.P., Attention: Jamie Parker, Investor Relatio
Houston, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership" or "Shell Midstream Partners") reported net income attributable to the Partnership of $104 million for the fourth quarter of 2021, which equated to $0.23 per diluted common limited partner unit. Excluding non-cash impairment charges related to our investment in Colonial Pipeline, earnings per diluted common limited partner unit would have been $0.35. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the Partnership of $167 million. Total cash available for distribution was $142 million, an increase of
HOUSTON, Oct. 19, 2022 /PRNewswire/ -- Shell USA, Inc. ("Shell USA") and Shell Midstream Partners, L.P. (NYSE:SHLX) ("SHLX") today announced the completion of the transactions contemplated by the previously announced agreement and plan of merger, pursuant to which Shell USA acquired all of the common units representing limited partner interests in SHLX not held by Shell USA or its affiliates (the "Public Common Units") for $15.85 per Public Common Unit in cash and a total value of approximately $1.96 billion. As a result of the transaction, SHLX is now an indirect, wholly owned subsidiary of Shell USA.
Houston, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Shell USA, Inc. ("Shell USA") and Shell Midstream Partners, L.P. (NYSE:SHLX) ("SHLX") today announced the completion of the transactions contemplated by the previously announced agreement and plan of merger, pursuant to which Shell USA acquired all of the common units representing limited partner interests in SHLX not held by Shell USA or its affiliates (the "Public Common Units") for $15.85 per Public Common Unit in cash and a total value of approximately $1.96 billion. As a result of the transaction, SHLX is now an indirect, wholly owned subsidiary of Shell USA. Effective with the opening of markets today, SHLX's units will no longer be li
OVERLAND PARK, KS / ACCESSWIRE / October 13, 2022 / TortoiseEcofin today announced that Shell Midstream Partners, LP (NYSE:SHLX) will be removed from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP), as a result of the approved merger with Shell USA Inc (Shell USA). Due to the merger, SHLX will be removed from both indices at market open on Wednesday, October 19, 2022.For Tortoise MLP Index® (TMLP), SHLX will be removed with a special rebalancing. SHLX will be dropped from Tortoise North American Pipeline IndexSM (TNAP) without special rebalancing.Special rebalancings in each of TMLP and TNAP are triggered by corporate actions such as mergers, bankruptc
Houston, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership") has announced that the Partnership's 2021 Schedule K-3s, reflecting items of international tax relevance for each unitholder, are now available on its website, http://www.shellmidstreampartners.com. Unitholders requiring this information may access their respective Schedule K-3 via a link on the "Tax Information" page, or use the following direct link: https://www.partnerdatalink.com/Shell .A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the de
Houston, July 28, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership" or "Shell Midstream Partners") reported net income attributable to the Partnership of $148 million for the second quarter of 2022, which equated to $0.33 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. Total cash available for distribution was $164 million, which is $7 million higher than the prior quarter. The increasewas largely driven by increased volumes shipped on the Zydeco system and higher distributions from Explor
SHELL PLC2nd QUARTER 2022 AND HALF YEAR UNAUDITED RESULTS SUMMARY OF UNAUDITED RESULTSQuarters$ million Half yearQ2 2022Q1 2022Q2 2021%¹ Reference20222021%18,040 7,116 3,428 +154Income/(loss) attributable to Shell plc shareholders 25,156 9,087 +17711,472 9,130 5,534 +26Adjusted EarningsA20,601 8,768 +13523,150 19,028 13,623 +22Adjusted EBITDA2A42,177 25,195 +6718,655 14,815 12,617 +26Cash flow from operating activities 33,470 20,910 +60(6,207) (4,273) (2,946) Cash flow from investing activities (10,481) (3,535) 12,448 10,542 9,671 Free cash flowG22,989 17,375 7,024 5,064 4,383 Cash capital expenditureC12,088 8,
HOUSTON, July 25, 2022 /PRNewswire/ -- Shell USA, Inc. ("Shell USA") and Shell Midstream Partners, L.P. (NYSE:SHLX) ("SHLX") today announced they have executed a definitive agreement and plan of merger (the "Merger Agreement," and the transactions contemplated thereby, collectively, the "Transaction") pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public (the "Public Common Units") at $15.85 per Public Common Unit in cash for a total value of approximately $1.96 billion. A subsidiary of Shell USA currently owns 269,457,304 SHLX common units, or approximately 68.5% of SHLX common units.
Houston, July 25, 2022 (GLOBE NEWSWIRE) -- Shell USA, Inc. ("Shell USA") and Shell Midstream Partners, L.P. (NYSE:SHLX) ("SHLX") today announced they have executed a definitive agreement and plan of merger (the "Merger Agreement," and the transactions contemplated thereby, collectively, the "Transaction") pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public (the "Public Common Units") at $15.85 per Public Common Unit in cash for a total value of approximately $1.96 billion. A subsidiary of Shell USA currently owns 269,457,304 SHLX common units, or approximately 68.5% of SHLX common units. SHLX's assets incl
Houston, July 21, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership") announces that the Board of Directors of its general partner declared a cash distribution of $0.30 per limited partner common unit for the second quarter of 2022. The distribution will be paid August 12, 2022 to unitholders of record as of August 2, 2022. The Partnership's second quarter earnings release and associated SEC filings will be posted after markets close on Thursday, July 28, 2022. 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
Houston, April 28, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (the "Partnership" or "Shell Midstream Partners") reported net income attributable to the Partnership of $158 million for the first quarter of 2022, 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 $182 million. Total cash available for distribution was $157 million, which is $15 million higher than the prior quarter. The increasewas largely driven by increased volumes across our systems, which were impacted by repairs related to Hu
Credit Suisse reiterated coverage of Shell Midstream Partners with a rating of Neutral and set a new price target of $13.00 from $12.00 previously
Barclays downgraded Shell Midstream Partners from Overweight to Equal-Weight and set a new price target of $13.00 from $14.00 previously
B of A Securities reiterated coverage of Shell Midstream Partners with a rating of Underperform and set a new price target of $13.00 from $12.50 previously
Barclays upgraded Shell Midstream Partners from Equal-Weight to Overweight and set a new price target of $14.00
Credit Suisse upgraded Shell Midstream Partners from Underperform to Neutral and set a new price target of $12.00 from $13.00 previously
BofA Securities initiated coverage of Shell Midstream Partners with a rating of Underperform and set a new price target of $12.50
Credit Suisse resumed coverage of Shell Midstream Partners with a rating of Underperform and set a new price target of $13.00 from $12.50 previously
Wells Fargo reiterated coverage of Shell Midstream Partners with a rating of Underweight and set a new price target of $14.00 from $13.00 previously
Mizuho reiterated coverage of Shell Midstream Partners with a rating of Neutral and set a new price target of $13.00 from $14.00 previously
Pulled from Benzinga Pro data, Shell Midstream Partners (NYSE:SHLX) showed a loss in earnings since Q1, totaling $151.00 million. Sales, on the other hand, increased by 10.37% to $149.00 million during Q2. In Q1, Shell Midstream Partners earned $160.00 million and total sales reached $135.00 million. What Is ROCE? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q2, Shell Midst
Mizuho has decided to maintain its Neutral rating of Shell Midstream Partners (NYSE:SHLX) and raise its price target from $14.00 to $16.00. Shares of Shell Midstream Partners are trading down 1.46% over the last 24 hours, at $15.81 per share. A move to $16.00 would account for a 1.17% increase from the current share price. About Shell Midstream Partners Shell Midstream Partners LP is a US-based limited partnership that is formed to own, operate, develop and acquire pipelines and other midstream assets. The company holds an interest in several entities which own crude oil, refined products and natural gas pipelines, and crude tank storage and terminal system. It provides a transportation and
Mizuho analyst Gabriel Moreen maintains Shell Midstream Partners (NYSE:SHLX) with a Neutral and raises the price target from $14 to $16.
Shell Midstream Partners (NYSE:SHLX) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.38 by 13.16 percent. This is a 8.33 percent decrease over earnings of $0.36 per share from the same period last year.
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Shell Midstream Partners (NYSE:SHLX) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here's what investors need to know before the announcement. Analysts estimate that Shell Midstream Partners will report an earnings per share (EPS) of $0.38. Shell Midstream Partners bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.02, which
Shell Midstream Partners (NYSE:SHLX) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here's what investors need to know before the announcement. Analysts estimate that Shell Midstream Partners will report an earnings per share (EPS) of $0.38. Shell Midstream Partners bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.02, which
Friday marks the last chance for investors to receive the next dividend payout from Shell Midstream Partners (NYSE:SHLX). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 30 cents per share. On Monday, Shell Midstream Partners will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 30 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own SHLX as of the end of Friday's session are eligible to receive the 30
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