| 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 |
Business Description
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
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