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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:SHLX
CUSIPN/A
Phone832-337-2034
Debt
Debt-to-Equity Ratio-6.59
Current Ratio3.66
Quick Ratio3.66
Price-To-Earnings
Trailing P/E Ratio17.10
Forward P/E Ratio16.10
P/E Growth5.38
Sales & Book Value
Annual Sales$470.10 million
Price / Sales10.42
Cash Flow$1.8151 per share
Price / Cash12.06
Book Value($3.01) per share
Price / Book-7.27
Profitability
EPS (Most Recent Fiscal Year)$1.28
Net Income$372.60 million
Net Margins74.14%
Return on Equity-295.18%
Return on Assets23.25%
Miscellaneous
EmployeesN/A
Outstanding Shares223,810,000
Market Cap$4.89 billion
Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions
What is Shell Midstream Partners' stock symbol?
Shell Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHLX."
How often does Shell Midstream Partners pay dividends? What is the dividend yield for Shell Midstream Partners?
Shell Midstream Partners announced a quarterly dividend on Friday, July 27th. Stockholders of record on Monday, August 6th will be paid a dividend of $0.365 per share on Tuesday, August 14th. This represents a $1.46 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend is Friday, August 3rd. This is an increase from Shell Midstream Partners's previous quarterly dividend of $0.35. View Shell Midstream Partners' Dividend History.
How were Shell Midstream Partners' earnings last quarter?
Shell Midstream Partners LP (NYSE:SHLX) issued its quarterly earnings data on Thursday, August, 2nd. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The pipeline company earned $129.30 million during the quarter, compared to analyst estimates of $120.71 million. Shell Midstream Partners had a negative return on equity of 295.18% and a net margin of 74.14%. The firm's quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. View Shell Midstream Partners' Earnings History.
When is Shell Midstream Partners' next earnings date?
What price target have analysts set for SHLX?
11 brokerages have issued 12-month price objectives for Shell Midstream Partners' stock. Their predictions range from $22.00 to $38.00. On average, they anticipate Shell Midstream Partners' stock price to reach $27.5909 in the next year. This suggests a possible upside of 26.0% from the stock's current price. View Analyst Price Targets for Shell Midstream Partners.
What is the consensus analysts' recommendation for Shell Midstream Partners?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Shell Midstream Partners.
Who are some of Shell Midstream Partners' key competitors?
Some companies that are related to Shell Midstream Partners include Plains All American Pipeline (PAA), Magellan Midstream Partners (MMP), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Plains GP (PAGP), Enbridge Energy Partners (EEP), Holly Energy Partners (HEP), NuStar Energy (NS), Valero Energy Partners (VLP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), PBF Logistics (PBFX), Delek Logistics Partners (DKL) and TransMontaigne Partners (TLP).
Who are Shell Midstream Partners' key executives?
Shell Midstream Partners' management team includes the folowing people:
- Mr. Kevin M. Nichols, Pres, CEO & Director of Shell Midstream Partners GP LLC (Age 50)
- Mr. Shawn J. Carsten, CFO, VP & Director of Shell Midstream Partners GP LLC (Age 51)
- Mr. Alton G. Smith, VP of Operations at Shell Midstream Partners GP LLC (Age 57)
- Ms. Lori M. Muratta, VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC (Age 53)
- Ms. Courtney Selinidis, Investor Relations Officer
Has Shell Midstream Partners been receiving favorable news coverage?
Media coverage about SHLX stock has been trending somewhat positive on Friday, according to Accern. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shell Midstream Partners earned a news and rumor sentiment score of 0.18 on Accern's scale. They also gave news stories about the pipeline company an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for Shell Midstream Partners.
Who are Shell Midstream Partners' major shareholders?
Shell Midstream Partners' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (7.90%), Alps Advisors Inc. (4.59%), Chickasaw Capital Management LLC (4.38%), Alps Advisors Inc. (3.69%), Kayne Anderson Capital Advisors LP (3.65%) and OppenheimerFunds Inc. (2.01%). Company insiders that own Shell Midstream Partners stock include Curtis R Frasier, Lori M Muratta, Margaret C Montana and Shawn J Carsten. View Institutional Ownership Trends for Shell Midstream Partners.
Which major investors are selling Shell Midstream Partners stock?
SHLX stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Alps Advisors Inc., OppenheimerFunds Inc., CIBC Private Wealth Group LLC, Bank of America Corp DE, Port Capital LLC, Sei Investments Co. and Miller Howard Investments Inc. NY. View Insider Buying and Selling for Shell Midstream Partners.
Which major investors are buying Shell Midstream Partners stock?
SHLX stock was purchased by a variety of institutional investors in the last quarter, including Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Bank of Montreal Can, Tortoise Capital Advisors L.L.C., Eagle Global Advisors LLC, Kayne Anderson Capital Advisors LP, Alps Advisors Inc., Global X Management Co LLC and First Republic Investment Management Inc.. Company insiders that have bought Shell Midstream Partners stock in the last two years include Curtis R Frasier, Lori M Muratta, Margaret C Montana and Shawn J Carsten. View Insider Buying and Selling for Shell Midstream Partners.
How do I buy shares of Shell Midstream Partners?
Shares of SHLX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Shell Midstream Partners' stock price today?
One share of SHLX stock can currently be purchased for approximately $21.89.
How big of a company is Shell Midstream Partners?
Shell Midstream Partners has a market capitalization of $4.89 billion and generates $470.10 million in revenue each year. The pipeline company earns $372.60 million in net income (profit) each year or $1.28 on an earnings per share basis.
How can I contact Shell Midstream Partners?
Shell Midstream Partners' mailing address is 150 N. DAIRY ASHFORD, HOUSTON TX, 77079. The pipeline company can be reached via phone at 832-337-2034 or via email at [email protected]
MarketBeat Community Rating for Shell Midstream Partners (NYSE SHLX)
MarketBeat's community ratings are surveys of what our community members think about Shell Midstream Partners and other stocks. Vote "Outperform" if you believe SHLX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SHLX will underperform the S&P 500 over the long term. You may vote once every thirty days.
