Shell Midstream Partners L.P. (SHLX)

NYSE: SHLX · IEX Real-Time Price · USD
15.81
-0.01 (-0.06%)
At close: Aug 8, 2022 4:00 PM
15.82
+0.01 (0.06%)
After-hours: Aug 8, 2022 7:41 PM EDT
-0.06%
Market Cap 6.22B
Revenue (ttm) 553.00M
Net Income (ttm) 537.00M
Shares Out 393.29M
EPS (ttm) 1.21
PE Ratio 13.07
Forward PE 9.80
Dividend $1.20 (7.59%)
Ex-Dividend Date Aug 1, 2022
Volume 2,497,495
Open 15.81
Previous Close 15.82
Day's Range 15.80 - 15.82
52-Week Range 10.76 - 16.08
Beta 1.31
Analysts Sell
Price Target 13.88 (-12.2%)
Earnings Date Jul 29, 2022

About 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... [Read more...]

Industry Oil, Gas & Consumable Fuels
IPO Date Oct 29, 2014
CEO John Hollowell
Employees 2,021
Stock Exchange NYSE
Ticker Symbol SHLX
Full Company Profile

Financial Performance

In 2021, SHLX's revenue was $556.00 million, an increase of 15.59% compared to the previous year's $481.00 million. Earnings were $556.00 million, an increase of 2.39%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for SHLX stock is "Sell." The 12-month stock price forecast is 13.88, which is a decrease of -12.21% from the latest price.

Price Target
$13.88
(-12.21% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Here's Why Shell Midstream (SHLX) is a Great Momentum Stock to Buy

Does Shell Midstream (SHLX) have what it takes to be a top stock pick for momentum investors? Let's find out.

SHELL MIDSTREAM PARTNERS, L.P. 2nd QUARTER 2022 UNAUDITED RESULTS

Houston, July 28, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “Shell Midstream Partners”) reported net income attributable to the Partnership of $148 milli...

Why Is Shell Midstream Partners (SHLX) Stock Up 10% Today?

One of the most intriguing movers in today's market is Shell Midstream Partners (NYSE: SHLX ). An otherwise very stable (or boring) high-yield energy stock, shares of this midstream crude oil player are...

Shell Midstream Partners Stock Spikes As Shell Announces Buyout

Shell Midstream Partners stock climbed 10% Tuesday after Shell agreed Monday to acquire the company in a $2 billion buyout deal. The post Shell Midstream Partners Stock Spikes As Shell Announces Buyout ...

Other symbols: SHEL

SHAREHOLDER ALERT: Weiss Law Investigates Shell Midstream Partners, L.P.

NEW YORK , July 25, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Shell Midstream Partners, L.P. ("Shell" o...

Shell USA, Inc. and Shell Midstream Partners, L.P. Reached a Definitive Merger Agreement

HOUSTON , July 25, 2022 /PRNewswire/ -- Shell USA, Inc. ("Shell USA") and Shell Midstream Partners, L.P. (NYSE: SHLX) ("SHLX") today announced they have executed a definitive agreement and plan of merge...

Shell Midstream Partners, L.P. Declares Distribution of $0.30 Per Limited Partner Common Unit

Houston, July 21, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership”) announces that the Board of Directors of its general partner declared a cash distribution of $0...

7 Dividend Stocks to Buy for May With Yields Over 6%

With economic realities forcing many investors to look for passive income, these high-yield dividend stocks to buy are very relevant. The post 7 Dividend Stocks to Buy for May With Yields Over 6% appear...

Other symbols: BHPFATRILYRIOSNPSTWD

SHELL MIDSTREAM PARTNERS, L.P. 1st QUARTER 2022 UNAUDITED RESULTS

Houston, April 28, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “Shell Midstream Partners”) reported net income attributable to the Partnership of $158 mill...

Advance Notice of First Quarter Financial Results for Shell Midstream Partners, L.P.

Houston, April 25, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership”) announces that the Partnership's first quarter earnings release and associated SEC filings wil...

Shell Midstream Partners, L.P. 2021 Form 10-K Available on Website

Houston, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) today announced that its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 was filed with the ...

SHELL MIDSTREAM PARTNERS, L.P. 4th QUARTER 2021 UNAUDITED RESULTS

Houston, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “Shell Midstream Partners”) reported net income attributable to the Partnership of $104 milli...

Midstream/MLP M&A Update: Parent Buy-Ins and PE Exits

Summary The consolidation of MLPs by their parents or significant owners has been a multi-year trend, but activity has picked up with a number of transactions currently pending. M&A activity among indus...

SHELL MIDSTREAM PARTNERS, L.P. RECEIVES OFFER FOR REMAINING UNITS FROM SHELL PIPELINE COMPANY L.P.

HOUSTON, Feb. 11, 2022 /PRNewswire/ -- Shell Midstream Partners, L.P. (NYSE: SHLX) ("SHLX" or the "Partnership") announces that it has received a non-binding, preliminary proposal letter from Shell Pipe...

SHELL PIPELINE COMPANY LP ANNOUNCES OFFER FOR REMAINING UNITS OF SHELL MIDSTREAM PARTNERS, L.P.

HOUSTON, Feb. 11, 2022 /PRNewswire/ -- Shell Pipeline Company LP ("Shell") today announces it has made a non-binding offer to purchase all remaining common units held by the public representing limited ...

Advance Notice of Fourth Quarter Financial Results for Shell Midstream Partners, L.P.

Houston, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P.'s Fourth Quarter Earnings Conference Call will be held Thursday, February 24, 2022 at 10:00am CST. Shell Midstream Partners' par...

Shell Midstream Partners, L.P. Announces Mars Oil Pipeline Has Resumed Normal Operations

Houston, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (“Shell Midstream Partners” or the “Partnership”) and Shell Pipeline Company LP (“SPLC”) announced today that they h...

SHELL MIDSTREAM PARTNERS, L.P. 3rd QUARTER 2021 UNAUDITED RESULTS

Houston, Oct. 29, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “Shell Midstream Partners”) reported net income attributable to the Partnership of $127 milli...

Advance Notice of Third Quarter Financial Results for Shell Midstream Partners, L.P.

Houston, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Houston, Texas, October 18, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P.'s Third Quarter Earnings Conference Call will be held Friday, October 29, 2...

Shell Midstream Partners, L.P. Expected Net Income Impact Due to Hurricane Ida

Houston, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (“Shell Midstream Partners” or the “Partnership”) today announced that it expects outages and repairs related to Hu...

Shell Midstream Assesses Initial Impacts Related to Hurricane Ida

Houston, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE:SHLX) (“Shell Midstream Partners” or the “Partnership”) and Shell Pipeline Company, L.P. are currently working to perform...

SHELL MIDSTREAM PARTNERS, L.P. 2nd QUARTER 2021 UNAUDITED RESULTS

Houston, 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 milli...

Why Earnings Season Could Be Great for Shell Midstream Partners (SHLX)

Shell Midstream Partners (SHLX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

4 Oil Pipeline Stocks to Gain on Recovering Midstream Asset Demand

Demand for pipeline and storage assets is recovering on rising production volumes of commodities. This is brightening up the outlook for the Zacks Oil and Gas - Pipeline MLP industry, putting the spotli...

Other symbols: EPDETSMLP

All You Need to Know About Shell Midstream (SHLX) Rating Upgrade to Buy

Shell Midstream (SHLX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.