SHLX - SHLX STOCK NEWS

Shell Midstream Partners has rescheduled its Fourth Quarter Earnings Conference Call to February 19, 2021, at 10:00 am CST due to harsh winter weather in Texas affecting operations. The earnings release will precede the call, facilitating timely updates for investors. The company prioritizes employee safety amid rolling power outages and icy conditions. Interested parties can access the call on the partnership's website. Shell Midstream specializes in owning and operating critical midstream infrastructure including pipelines and storage for crude oil and natural gas.

Shell Midstream Partners, L.P. will hold its Fourth Quarter Earnings Conference Call on February 18, 2021, at 10:00 am CST. The earnings release will be available before market opening on the same day. Participants from the company include Kevin Nichols, CEO, Shawn Carsten, CFO, and Steve Ledbetter, VP Commercial. Interested parties can access the call via the company’s website, where a replay will also be available afterward.

Shell Midstream Partners, L.P. (NYSE: SHLX) announced Kevin Nichols' retirement as President and CEO effective March 1, 2021, after 29 years with Royal Dutch Shell. Steve Ledbetter, the current Vice President-Commercial, will succeed him. Ledbetter has a strong history with Shell, having held various key roles, including President of Jiffy Lube International. His leadership is expected to ensure a seamless transition and continued success for SHLX, which is focused on midstream and logistics assets crucial for transporting crude oil and refined products.

Shell Midstream Partners, L.P. (NYSE: SHLX) announced a cash distribution of $0.4600 per limited partner unit for Q4 2020, equivalent to Q4 2019. This distribution will be paid on February 12, 2021, to unitholders of record as of February 2, 2021. The release also highlights tax implications for foreign investors, indicating that 100 percent of distributions are subject to federal income tax withholding. Shell Midstream Partners operates key infrastructure for transporting crude oil and refined products across the Gulf Coast and Midwest.

Shell Midstream Partners reported a net income of $135 million for Q3 2020, equivalent to $0.30 per diluted unit. Adjusted EBITDA reached $191 million. Despite challenges such as the COVID-19 pandemic and Gulf of Mexico storms affecting throughput, increased distributions from investments helped offset losses. Cash available for distribution remained stable at $163 million. The partnership expects a $15 million impact on net income for Q4 linked to Hurricanes Delta and Zeta. The distribution of $0.46 per unit was maintained.

Shell Midstream Partners, L.P. (NYSE: SHLX) announced a cash distribution of $0.4600 per limited partner unit for Q3 2020, marking a 3.4% increase from Q3 2019. The distribution will be paid on November 13, 2020 to unitholders of record as of November 3, 2020. The release includes tax considerations for foreign investors, noting that 100% of the distributions are subject to federal income tax withholding. Shell Midstream Partners operates pipelines and logistics assets facilitating the transportation of crude oil and refined products, providing essential infrastructure for the energy sector.

Shell Midstream Partners, L.P. announced its Third Quarter Earnings Conference Call scheduled for October 30 at 10:00 am CST. Key executives participating include CEO Kevin Nichols and CFO Shawn Carsten. The earnings release will precede market opening on the same day, and interested parties can access the call on the company’s website. Shell Midstream owns, operates, and develops pipelines and logistics assets essential for transporting crude oil and refined products to major markets, as well as for natural gas distribution.

Shell Midstream Partners, L.P. (NYSE: SHLX) announced the appointment of Jesse C. H. Stanley as Vice President of Operations, succeeding Alton G. Smith, who retired. Ms. Stanley brings extensive experience from her tenure at Shell, where she held positions in lubricants operations and global marketing. She has a background in streamlining logistics and improving cost competitiveness within Shell's operations. This leadership change is aimed at enhancing operational efficiency and maintaining growth in the midstream sector.

Shell Midstream Partners reported a net income of $141 million for Q2 2020, equivalent to $0.32 per diluted common unit. Adjusted EBITDA was $192 million. Total cash available for distribution was $163 million, a decrease from the previous quarter. The results reflected lower contributions from refined products joint ventures and reduced volumes on key pipelines, partially offset by new contributions from recent acquisitions. The Board declared a $0.46 per common unit distribution, consistent with prior guidance.