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

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

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shell Midstream Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), EnLink Midstream (ENLC), Golar LNG Partners (GMLP), DHT (DHT), Organigram (OGI), Washington Prime Group (WPG), New Residential Investment (NRZ), Gran Tierra Energy (GTE) and Pennsylvania Real Estate Investment Trust (PEI).