AP NEWS
Click to copy
Click to copy

Shell Midstream: 2Q Earnings Snapshot

August 1, 2019

HOUSTON (AP) _ Shell Midstream Partners LP (SHLX) on Thursday reported second-quarter net income of $115 million.

On a per-share basis, the Houston-based company said it had profit of 38 cents.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The master limited partnership posted revenue of $121 million in the period.

Shell Midstream shares have climbed 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $21.18, a decrease of 5% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHLX at https://www.zacks.com/ap/SHLX

All contents © copyright 2019 The Associated Press. All rights reserved.