Shell Midstream Partners (SHLX) Misses Q4 EPS by 2c

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Go back to Shell Midstream Partners (SHLX) Misses Q4 EPS by 2c

Shell Midstream Partners, L.P. 4th Quarter 2016 Unaudited Results

February 23, 2017 8:30 AM EST

Houston, Feb. 23, 2017 (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 $69.5 million for the fourth quarter of 2016, which equated to $0.34 per common limited partner unit.  Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the partnership of $84.3 million and cash available for distribution of $82.7 million.

"Executing our strategy and continuing to grow our business has provided for strong fourth... More