Shell Midstream Partners, L.P. 2020 Form 10-K Available on Website
Shell Midstream Partners, L.P. (NYSE: SHLX) filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, with the U.S. Securities and Exchange Commission. The report is accessible on the Partnership’s website under the 'Financial Reporting' section. Additionally, limited partners can request a printed copy of the report, which includes audited financial statements. A tax notice indicates that all distributions to foreign investors are subject to federal income tax withholding. Shell Midstream operates pipelines and logistics assets, serving key markets for crude oil and refined products.
- Annual Report filed with the SEC provides transparency and compliance.
- Access to audited financial statements may attract investor confidence.
- Distribution tax implications for foreign investors could deter investment.
- No significant business developments or growth metrics reported.
Houston, Feb. 23, 2021 (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, 2020 was filed with the U.S. Securities and Exchange Commission and can be viewed on the Partnership’s website at www.shellmidstreampartners.com. The filing can be accessed by selecting the “Financial Reporting” link.
Also, upon written request, limited partners may receive, free of charge, a printed copy of the Partnership’s Annual Report on Form 10-K, which includes audited financial statements. Requests should be communicated in writing to Shell Midstream Partners, L.P., Attention: Jamie Parker, Investor Relations at 150 N. Dairy Ashford, Houston, Texas 77079.
TAX CONSIDERATIONS
This release is intended to be a qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of. the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not the Partnership, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
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About Shell Midstream Partners, L.P.
Shell Midstream Partners, L.P., headquartered in Houston, Texas, owns, operates, develops and acquires pipelines and other midstream and logistics assets. The Partnership’s assets include interests in entities that own (a) crude oil and refined products pipelines and terminals that serve as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and deliver refined products from those markets to major demand centers and (b) storage tanks and financing receivables that are secured by pipelines, storage tanks, docks, truck and rail racks and other infrastructure used to stage and transport intermediate and finished products. The Partnership’s assets also include interests in entities that own natural gas and refinery gas pipelines that transport offshore natural gas to market hubs and deliver refinery gas from refineries and plants to chemical sites along the Gulf Coast.
For more information on Shell Midstream Partners and the assets owned by the partnership, please visit
www.shellmidstreampartners.com
Inquiries:
Shell Media Relations: +1 832 337 4355
Shell Investor Relations North America: +1 832 337 2034
* SHELL and the SHELL Pecten are registered trademarks of Shell Trademark Management, B.V. used under license.
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