Shell Midstream: 2Q Earnings Snapshot
Posted July 31, 2020 8:21 am.
Last Updated July 31, 2020 8:24 am.
This article is more than 5 years old.
HOUSTON (AP) _ Shell Midstream Partners LP (SHLX) on Friday reported second-quarter net income of $141 million.
The Houston-based company said it had profit of 32 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The master limited partnership posted revenue of $120 million in the period.
Shell Midstream shares have fallen 42% since the beginning of the year. The stock has dropped 46% in the last 12 months.
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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
The Associated Press
