Shell Midstream: 4Q Earnings Snapshot
HOUSTON (AP) _ Shell Midstream Partners LP (SHLX) on Thursday reported fourth-quarter earnings of $141.1 million.
On a per-share basis, the Houston-based company said it had profit of 45 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The master limited partnership posted revenue of $142.3 million in the period.
Shell Midstream shares have increased 18 percent since the beginning of the year. The stock has declined 24 percent in the last 12 months.