Shell Midstream: 2Q Earnings Snapshot
HOUSTON (AP) _ Shell Midstream Partners LP (SHLX) on Thursday reported second-quarter earnings of $110.7 million.
The Houston-based company said it had net income of 35 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The master limited partnership posted revenue of $129.3 million in the period.
Shell Midstream shares have declined 26 percent since the beginning of the year. The stock has decreased 23 percent in the last 12 months.