Shell Midstream Partners, L.P (SHLX) Tops Q1 EPS by 1c

Shell Midstream Partners, L.P. Announces 1st Quarter 2015 Unaudited Results

    Generated $30.9 million of cash available for distribution and $28.5 million of adjusted EBITDA  attributable to the Partnership –    Increased quarterly distribution by 7.7% over minimum quarterly distribution –    Reported net income attributable to the Partnership of $23.6 million, equating to $0.17 per limited partner unit  –    Announced acquisition of additional 19.5% ownership interest of Zydeco Pipeline and 1.388% ownership interest of Colonial Pipeline for $448 million

Houston, May 13, 2015 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX), a growth-oriented midstream master limited partnership formed by Royal Dutch Shell, plc (RDS), reported net income attributable to the Partnership of $23.6 million, which... More

Shell Midstream Partners, L.P. Announces Private Placement of Common Units

Houston, May 13, 2015 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) today announced the execution of an agreement with a group of institutional investors to sell 7,692,308 common units representing limited partner interests in a private placement. Shell Midstream Partners expects to receive gross proceeds of $300 million.  The proceeds will be used to partially fund the acquisition of additional ownership interests in Zydeco Pipeline Company, LLC and Colonial... More

Shell Midstream Partners, L.P. Announces First Asset Acquisition

Houston, May 13, 2015 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) today announced the execution of a Purchase and Sale Agreement  to acquire additional interests in Zydeco Pipeline Company, LLC (Zydeco) and Colonial Pipeline Company (Colonial) for $448 million from Shell Pipeline Company LP, a wholly owned subsidiary of Royal Dutch Shell plc.  This represents the Partnership's first acquisition since its initial public offering in November 2014.  The acquisition will increase Shell Midstream... More