Shell Midstream Partners, L.P.

shellmidstreampartners.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2022 10-Q, filed Jul 28, 2022. Its latest SEC filing is a 15-12G from Oct 31, 2022.

The sections below describe the company as of the FY2021 annual report.

How Did They Make Money?

FY2021 revenue

Did Revenues Turn Into Profits?

Yes. It kept 100 cents of every revenue dollar as net income in FY2021.

Operating income, FY2021

42% of revenue

▲ +37% vs FY2020 ($169M, 35%)

Net income, FY2021

100% of revenue

▲ +2% vs FY2020 ($543M, 113%)

How Were They Changing?

Since the FY2021 annual report

Latest quarter: Q2 FY2022, the three months to Jun 30, 2022

Revenue: ▲ +1%; vs $148M in Q2 FY2021
Net income: ▼ −9%; vs $162M in Q2 FY2021

Grew. Revenue grew 18% in 4 years, from $470M in FY2017 to $556M in FY2021, about 4% a year.

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