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Shell Midstream Partners exceeds Q2 adjusted EBITDA estimates

Aug 02, 2019 - SNL Energy Finance Daily
Financial Results

Shell Midstream Partners LP on Aug. 1 posted second-quarter adjusted EBITDA attributable to the partnership of $187.0 million, an increase from $155.2 million in the year-ago period.

The S&P Global Market Intelligence consensus adjusted EBITDA estimate was $173.8 million.

The partnership's distributable cash flow in the quarter was $162.0 million, an increase from $136.6 million in the year-earlier quarter. Shell Midstream reported net income of $115.0 million, up from $110.7 million...