Shell Midstream Partners (SHLX) Tops Q2 EPS by 2c
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SHELL MIDSTREAM PARTNERS, L.P. 2nd QUARTER 2021 UNAUDITED RESULTS
July 30, 2021 8:00 AM EDTHouston, July 30, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the Partnership or Shell Midstream Partners) reported net income attributable to the Partnership of $162 million for the second quarter of 2021, 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 $207 million.
Total cash available for distribution was $186 million, approximately $13 million higher than the prior quarter. This increase was largely driven by continued resilience in offshore volumes, increased Zydeco throughput as new contracts came online, a... More
