Shell Midstream Partners, L.P. (NYSE:SHLX) is expected to report third quarter earnings results, before market open, on Friday 30th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.33 per share.
Looking ahead, the full year income are expected at $ 1.38 per share on the revenues of $ 508.73 million.
Previous Quarter Performance
Shell Midstream Partners, L.P. disclosed income for the second quarter of $ 0.32 per share, from the revenue of $ 120.00 million. The quarterly earnings decreased 15.79 percent compared with the same quarter last year. Wall street analysts are predicting, SHLX to report 2Q20 income of $ 0.33 per share from revenue of $ 136.97 million. The bottom line results missed street analysts by $ 0.01 or 3.03 percent, at the same time, top line results fell short of analysts by $ 16.97 million or 12.39 percent.
Stock Performance
Shares of Shell Midstream Partners, L.P. traded up $ 0.19 or 2.10 percent on Thursday, reaching $ 9.23 with volume of 1.32 million shares. Shell Midstream Partners, L.P. has traded high as $ 9.27 and has cracked $ 8.86 on the downward trend
According to the previous trading day, closing price of $ 9.23, representing a 58.60 % increase from the 52 week low of $ 5.70 and a 60.18 % decrease over the 52 week high of $ 22.70.
The company has a market capital of $ 3.63 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Conference Call
Shell Midstream Partners, L.P. will be hosting a conference call at 11:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.shellmidstreampartners.com
Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets.
