Shell Midstream Partners (SHLX) Reports In-Line Q1 EPS

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Go back to Shell Midstream Partners (SHLX) Reports In-Line Q1 EPS

Shell Midstream Partners, L.P. 1st Quarter 2016 Unaudited Results

May 5, 2016 8:03 AM EDT

Houston, May 05, 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 $55.3 million for thefirst quarter of 2016, which equates to $0.36 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 $59.7 million.

Shell Midstream Partners portfolio of diversified assets delivered strong financial results in the first quarter of 2016 in... More