NYSE:SHLX

Shell Midstream Partners (SHLX) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$15.82
$15.82
50-Day Range
$15.80
$15.85
52-Week Range
$10.76
$16.08
Volume
N/A
Average Volume
1.88 million shs
Market Capitalization
$6.22 billion
P/E Ratio
13.07
Dividend Yield
7.59%
Price Target
N/A
SHLX stock logo

About Shell Midstream Partners Stock (NYSE:SHLX)

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets. The company stores and transports crude oil, refined, natural gas, and refinery gas products for various customers, including producers, refiners, marketers, and traders, as well as to other crude oil and refined products pipelines through its pipelines and storage tanks. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was incorporated in 2014 and is headquartered in Houston, Texas. Shell Midstream Partners, L.P. is a subsidiary of Shell Pipeline Company LP.

SHLX Stock News Headlines

Pentagon contract could send this $2 AI stock soaring
Whenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...
SHLX Shell Midstream Partners, L.P.
Shell Midstream Partners L.P. - Unit
Pentagon contract could send this $2 AI stock soaring
Whenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...
See More Headlines
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Company Calendar

Last Earnings
10/28/2021
Today
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
N/A

Profitability

Net Income
$556 million
Pretax Margin
98.73%

Debt

Sales & Book Value

Annual Sales
$556 million
Cash Flow
$1.70 per share
Book Value
$1.44 per share

Miscellaneous

Free Float
N/A
Market Cap
$6.22 billion
Optionable
Optionable
Beta
1.24
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Key Executives

  • Mr. Steven C. LedbetterMr. Steven C. Ledbetter (Age 46)
    Pres, CEO & Director of Shell Midstream Partners GP LLC
  • Mr. Shawn J. Carsten (Age 55)
    CFO, VP & Director of Shell Midstream Partners GP LLC
  • Mr. Gregory T. Mouras (Age 42)
    VP of Operations of Shell Midstream Partners GP LLC
  • Ms. Lori M. Muratta (Age 57)
    VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC
  • Ms. Courtney Selinidis
    Investor Relations Officer
  • Mr. Ernest J. Stutzman
    Treasurer
  • Mr. James E. Fullen
    Controller
  • Jamie Parker
    Investor Relations Officer

SHLX Stock Analysis - Frequently Asked Questions

How were Shell Midstream Partners' earnings last quarter?

Shell Midstream Partners, L.P. (NYSE:SHLX) released its earnings results on Thursday, October, 28th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.07. The pipeline company earned $128 million during the quarter, compared to analysts' expectations of $133.82 million. Shell Midstream Partners had a trailing twelve-month return on equity of 98.64% and a net margin of 97.11%. The business's revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share.

Is Shell Midstream Partners a good dividend stock?

Shell Midstream Partners (NYSE:SHLX) pays an annual dividend of $1.20 per share and currently has a dividend yield of 7.59%. SHLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 99.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SHLX will have a dividend payout ratio of 76.92% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SHLX.

What other stocks do shareholders of Shell Midstream Partners own?
This page (NYSE:SHLX) was last updated on 4/24/2024 by MarketBeat.com Staff

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