Shell Midstream Partners (SHLX) Tops Q4 EPS by 3c
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February 24, 2016 8:30 AM EST
Houston, Feb. 24, 2016 (GLOBE NEWSWIRE) --
Shell Midstream Partners, L.P. (NYSE: SHLX), a growth-oriented mainstream midstream master limited partnership formed by Royal Dutch Shell, plc (RDS), reported net income attributable to the partnership of $57.0 million for the fourth quarter of 2015, which equates to $0.38 per common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the partnership of $65.5 million and cash available for distribution of $67.9 million. Total cash available for distribution excluding non-recurring payments was $55.0 million.  Shell Midstream Partners underlying business remained resilient despite the volatile... More
