Summary 2Q 2020 2Q resilience across the portfolio: Adjusted EBITDA 192 million, CAFD 163 million(1) Quarterly distributions of 0.460 per common unit Operational Update: Asset base resilient through a volatile economic…
2Q Impacts vs. What We Were Watching Short-term impacts of unprecedented supply/demand volatility: March and April demand reductions across the country: 50% gasoline, 80% jet fuel and 10% diesel Refining centers lowering run rates,…
Levers for Enhanced Sustainability Short-term Review of all spend to preserve cash showing quick wins to the bottom line Process and program efficiencies to lead to sustainable cost reductions Optimization of the helicopter fleet…
SHLX Long Term Resilient Portfolio Offshore A premier corridor network providing optionality One of the premier offshore corridor networks providing producers with unique optionality, including multiple destination points and access…
Financial Results from Operations Three Months Ended ( million) June 30, 2020 March 31, 2020 Revenue 120 121 Cost and Expenses 79 76 Operating Income 41 45 Income from Equity Method Investments 109 112 Other Income 11 9 Net Income 144…
2020 Updates 2020 Expected Capex Reduced by 13 million Growth 4 million primarily related to Permian Gas Gathering Maintenance 29 million Strong balance sheet with ability to weather the current macro- environment 1.2 billion of…
For further questions, please contact Jamie Parker James.Parker2Shell.com +1 832 337 2837 Shell Midstream Partners 9
Shell Midstream Partners
Q2 Operational Update: Basin resilient in current macro Offshore Throughput Volume, kbpd Highlights 2,164 2,189 2,187 2,073 Strong throughput despite headwinds 2,002 350 Amberjack 367 358 Mars slightly lower related to delayed…
Q2 Zydeco Operational Update: Zydeco Mainline Throughput Volume, kbpd Lower volumes due to reduced demand in the Louisiana Offshore Onshore Refinery complex, caused by pandemic-related 698 667 669 supply/demand disruptions 635…
Non-GAAP Financial Metrics Three Months Ended ( million except per unit amount) June 30, 2020 March 31, 2020 Adjusted EBITDA Attributable to SHLX (1) 192 196 Less: Net Interest Paid by SHLX 25 24 Series A Preferred Distribution 12 -…
Balance Sheet and Liquidity ( million) As of June 30, 2020 Cash and Cash Equivalents 332 Total Debt Outstanding 2,692 Total Credit Facility Capacity (Inc. Zydeco) 3,590 Shell Midstream Partners 14
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