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Shell Midstream Partners L.p.  (SHLX)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 124
 Employees 800
 Revenues (TTM) (Millions $) 553
 Net Income (TTM) (Millions $) 546
 Cash Flow (TTM) (Millions $) -28
 Capital Exp. (TTM) (Millions $) 14

Shell Midstream Partners L.p.
Shell Midstream Partners L.P. (NYSE: SHLX) is a publicly traded master limited partnership formed in 2014 by Royal Dutch Shell plc. Shell Midstream Partners is primarily focused on owning, operating, and developing midstream assets in North America, with a particular emphasis on crude oil, refined products, and natural gas pipelines and terminals.

The company's primary objective is to provide a stable stream of cash flows to its unitholders through long-term, fee-based contracts with Shell and other third-party customers. The company's assets include:

1) Crude Oil Pipeline Systems: Shell Midstream Partners owns an interest in four crude oil pipeline systems, which transport crude oil from production areas to downstream refineries and other markets. These pipeline systems include the Zydeco pipeline system, the Poseidon pipeline system, the Gulf of Mexico corridor pipeline system, and the Auger pipeline system.

2) Refined Products Pipeline Systems: Shell Midstream Partners owns an interest in three refined products pipeline systems, which transport refined petroleum products from refineries to various markets. These pipeline systems include the Bengal pipeline system, the Colonial pipeline system, and the Explorer pipeline system.

3) Offshore Gulf of Mexico Infrastructure: Shell Midstream Partners owns a 10% interest in the Proteus and Endymion offshore pipelines, which transport crude oil and natural gas from offshore platforms in the Gulf of Mexico to onshore facilities.

4) Terminal Facilities: Shell Midstream Partners owns interests in several terminal facilities, which provide storage, blending, and distribution services to customers. These terminal facilities include the Houma terminal, the Lockport terminal, the St. Rose terminal, and the Mobile terminal.

Shell Midstream Partners has a strong financial position, with low leverage and a history of consistent distributions. The company is guided by a commitment to safety, reliability, and environmental responsibility, which is reflected in its industry-leading safety performance and its efforts to reduce greenhouse gas emissions associated with its operations.

In conclusion, Shell Midstream Partners L.P. is a well-established and diversified midstream energy company with a focus on providing reliable and safe transportation and storage solutions for customers in North America. Its infrastructure includes pipelines and terminals that transport crude oil, refined products, and natural gas from production areas to downstream markets. The company targets stable cash flows, has a strong financial position, and follows a strategy guided by safety, reliability, and environmental responsibility.


   Company Address: 150 N. Dairy Ashford Houston 77079 TX
   Company Phone Number: 337-2034   Stock Exchange / Ticker: NYSE SHLX
   


   

Stock Performances by Major Competitors

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Brookfield Infrastructure Corporation

Brookfield Infrastructure Corporation Sees Impressive Revenue Growth Amidst Industry Decline

Financial News Report:
Brookfield Infrastructure Corporation (BIPC) has recently released its financial results for the October to December 31, 2023 time-frame. During this period, BIPC reported zero gain, with no change in earnings per share compared to the previous year and the previous reporting period. This stagnant performance comes as a surprise to many, given that the Natural Gas Utilities industry, on average, experienced a decline of -16.10% in business.
However, BIPC's revenue witnessed a significant jump of 32.715%, reaching $2.50 billion compared to $1.89 billion in the same period a year prior. Sequentially, the revenue growth has been remarkable, as it increased from $0.00 million. This revenue growth is admirable, considering the challenging market conditions faced by the Natural Gas Utilities sector.

Opal Fuels Inc

Opal Fuels Inc Overcomes Challenges to Achieve Impressive Turnaround in 2023

Opal Fuels Inc, a natural gas utilities company, had an impressive turnaround in the fourth quarter of 2023. The company reported earnings per share (EPS) of $0.10, a significant improvement compared to the loss of $0.17 per share in the previous year. Additionally, their income per share turned positive from a loss of $0.01 per share in the previous reporting period.
However, the company experienced a decline in revenue, with a decrease of 48.51% to $87.01 million from $168.98 million in the same period the year before. Nevertheless, there was a positive sequential improvement in revenue, showing a 22.372% increase from $71.10 million.

Summit Midstream Partners Lp

Revenue Surges for Summit Midstream Partners LP, But Profitability Elusive in Q4 2023

Financial News Report:
Summit Midstream Partners LP Posts Loss in Q4 2023, But Revenue Surges by 48.523%
Houston, March 15, 2024 - Summit Midstream Partners LP (NYSE: SMLP) reported a loss per stock at $-2.07 per share in the financial time-frame closing on December 31, 2023. This was a significant improvement from the prior quarter, where the company realized a loss per share of $-0.27. However, despite the loss, SMLP saw a surge in revenue of 48.523% to $127.32 million from the corresponding quarter a year prior. This top-line growth sets SMLP apart from the rest of the Natural Gas Utilities industries, which experienced a decline of -16.03% in revenue.
In the fourth quarter of 2023, Summit Midstream Partners LP reported a net loss of $-15.118 million, compared to a deficit of $-23.864 million in the same quarter of the previous year. Operating earnings fell by -12.17% to $62.28 million, resulting in a decrease in the partnership's operating margin from 82.72% in Q4 2022 to 48.92% in Q4 2023.

Nextdecade Corporation

NextDecade Corporation's Commitment to Sustainable LNG Development Shines Through Despite Fourth Quarter Numbers

NextDecade Corporation has been making significant strides in advancing LNG development for a sustainable future. The company's focus on constructing Phase 1 at the Rio Grande LNG Facility in Brownsville, Texas is a key component of their strategy to meet the growing global demand for clean energy. By leveraging natural gas resources in the Permian Basin and Eagle Ford Shale, NextDecade is committed to providing environmentally friendly energy solutions.
Despite reporting an operating loss in the fourth quarter of 2023, NextDecade Corporation remains focused on achieving long-term value for its shareholders. The company is dedicated to efficiently executing its business strategy and staying on track with its construction timelines at the Rio Grande LNG Facility. While there may be challenges along the way, NextDecade is determined to contribute to building a sustainable future through their LNG infrastructure development.

Stabilis Solutions Inc

SLNG Faces Unpleasant -29.001% Revenue Slump in Most Recent Fiscal Period

Financial News Report:
Stabilis Solutions Inc Achieves Surplus in Financial Year End December 2023
In the financial year ending December 31, 2023, Stabilis Solutions Inc (SLNG) has successfully turned its financials around, posting a surplus and improving its earnings per share (EPS). SLNG reported an EPS of $0.08 per share, a significant improvement from the previous year's EPS of $-0.01. Additionally, the company's earnings per share turned positive, moving from $-0.01 per share in the previous reporting season.
However, SLNG's revenue experienced a decline of -29.001% to $17.83 million from the $25.11 million recorded in the same reporting season a year earlier. Despite this decrease, the company managed to sequentially improve its revenue by 18.48% from $15.05 million.






 

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