Quarterly / Earnings Reports | Second Quarter (2Q) Update | Financial Results | Capital Markets
Shell Midstream Partners Talks 2Q Financials
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Shell Midstream Partners, L.P. reported net income attributable to the partnership of $32.2 million, which equates to $0.22 per limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization of $37.0 million and cash available for distribution of $36.6 million.
John Hollowell, Chief Executive Officer of Shell Midstream Partners, said: "It has only been ten months since Shell Midstream Partners held its initial public offering, and as promised we completed two acquisitions to further strengthen our portfolio and we intend to keep the momentum going. We are well on our way to delivering top tier distribution growth, including an expected third drop down by the end of the year. This is an exciting time for us, and…
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