Shell Midstream Partners (NYSE:SHLX) reported earnings of $0.35 per share beating Walls Streets expectations.

ME Staff
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Shell Midstream Partners (NYSE:SHLX) reported Q2 2018 earnings this Morning, coming in at $0.35 per share, beating Wall Street’s estimates of $0.34 per Share. Revenue for the quarter came in at $129.30 million beating analyst estimates of $120.71 million

Recent Insider Trading for Shell Midstream Partners (NYSE:SHLX)

  • On 6/26/2018 Curtis R Frasier, Director, bought 5,000 with an average share price of $21.94 per share and the total transaction amounting to $109,700.00.
  • On 5/24/2018 Shawn J Carsten, CFO, bought 2,500 with an average share price of $23.38 per share and the total transaction amounting to $58,450.00.
  • On 9/12/2017 Margaret C Montana, Director, sold 500 with an average share price of $27.90 per share and the total transaction amounting to $13,950.00.
  • On 11/11/2016 Lori M Muratta, Insider, bought 960 with an average share price of $25.99 per share and the total transaction amounting to $24,950.40.
  • On 11/11/2016 Margaret C Montana, Director, bought 4,000 with an average share price of $25.95 per share and the total transaction amounting to $103,800.00.
  • On 12/11/2015 Margaret C Montana, Director, bought 3,000 with an average share price of $33.15 per share and the total transaction amounting to $99,450.00.



Dividend History for Shell Midstream Partners (NYSE:SHLX)

  • On 7/27/2018 Shell Midstream Partners announced a quarterly dividend of $0.3650 6.35% with an ex dividend date of 8/3/2018 which will be payable on 8/6/2018.
  • On 4/27/2018 Shell Midstream Partners announced a quarterly dividend of $0.3480 6.43% with an ex dividend date of 5/4/2018 which will be payable on 5/7/2018.
  • On 1/26/2018 Shell Midstream Partners announced a quarterly dividend of $0.3330 4.47% with an ex dividend date of 2/2/2018 which will be payable on 2/5/2018.
  • On 10/20/2017 Shell Midstream Partners announced a quarterly dividend of $0.3180 4.7% with an ex dividend date of 10/30/2017 which will be payable on 11/14/2017.
  • On 7/20/2017 Shell Midstream Partners announced a quarterly dividend of $0.3041 3.94% with an ex dividend date of 7/27/2017 which will be payable on 7/31/2017.
  • On 4/20/2017 Shell Midstream Partners announced a quarterly dividend of $0.2910 3.62% with an ex dividend date of 4/27/2017 which will be payable on 5/1/2017.
  • On 1/19/2017 Shell Midstream Partners announced a Quarterly dividend of $0.2770 3.64% with an ex dividend date of 1/27/2017 which will be payable on 1/31/2017.



About Company
Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. Its crude oil pipeline systems include a 350 miles of Zydeco pipeline system; a 130-miles of delta pipeline; a 174-mile offshore Gulf of Mexico corridor pipeline; and a 75-mile offshore pipeline. The company also has interests in Mars pipeline system that is approximately 163 miles that delivers production received from the Mississippi Canyon area and Green Canyon and Walker Ridge to salt dome caverns in Clovelly, Louisiana; and a 105-mile Odyssey pipeline system, which transports crude oil in the offshore eastern Gulf of Mexico to markets in Louisiana. In addition, it has interests in a 367-mile Gulf of Mexico offshore pipeline that transports crude oil to Texas and Louisiana; a 70-mile crude oil pipeline that provides transportation for various oil producers in the eastern Gulf of Mexico; and a 89-mile crude oil Endymion pipeline system that offers transportation for various oil producers in the eastern Gulf of Mexico. In addition, it holds interests in Mars pipeline system that is approximately 163 miles that delivers production received from the Mississippi Canyon area and Green Canyon and Walker Ridge to salt dome caverns in Clovelly, Louisiana. The company's refined products pipeline systems consist of 160-mile Bengal pipeline system connecting four refineries in southern Louisiana to long-haul transportation pipelines; approximately 5,500 miles of pipeline connecting refineries along the Gulf Coast to approximately 265 marketing terminals; and Explorer pipeline system, an 1,830-mile common carrier petroleum products pipeline system, which extends from the Gulf Coast to the Midwest. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is based in Houston, Texas. Shell Midstream Partners, L.P. operates as a subsidiary of Shell Pipeline Company LP.

Recent Analyst Rating for Shell Midstream Partners (NYSE:SHLX)

  • On 7/27/2018 quarterly, $0.3650, to 6.35% with a price target of 8/3/2018
  • On 8/6/2018 8/14/2018 4/27/2018, quarterly, to $0.3480 with a price target of 6.43%
  • On 5/4/2018 5/7/2018, 5/15/2018 1/26/2018, to quarterly with a price target of $0.3330
  • On 2/2/2018 2/5/2018, 2/14/2018 10/20/2017, to quarterly with a price target of $0.3180
  • On 10/30/2017 11/14/2017, 11/14/2017 7/20/2017, to quarterly with a price target of $0.3041
  • On 7/27/2017 7/31/2017, 8/14/2017 4/20/2017, to quarterly with a price target of $0.2910



Recent Trading for Shell Midstream Partners (NYSE:SHLX)
Shares of Shell Midstream Partners closed the previous trading session at with 22.67 shares trading hands.