Shell Midstream Partners, L.P. Common Units representing Limited Partner Interests (SHLX): Price and Financial Metrics

SHLX POWR Grades

• Quality is the dimension where SHLX ranks best; there it ranks ahead of 98.52% of US stocks.
• SHLX's strongest trending metric is Stability; it's been moving down over the last 179 days.
• SHLX's current lowest rank is in the Growth metric (where it is better than 2.46% of US stocks).

SHLX Stock Summary

• SHELL MIDSTREAM PARTNERS LP's capital turnover -- a measure of revenue relative to shareholder's equity -- is better than only 4.68% of US listed stocks.
• The ratio of debt to operating expenses for SHELL MIDSTREAM PARTNERS LP is higher than it is for about 96.7% of US stocks.
• Equity multiplier, or assets relative to shareholders' equity, comes in at -4.85 for SHELL MIDSTREAM PARTNERS LP; that's greater than it is for merely 2.9% of US stocks.
• Stocks that are quantitatively similar to SHLX, based on their financial statements, market capitalization, and price volatility, are CMRE, HAL, INTG, BBGI, and DCP.
• Visit SHLX's SEC page to see the company's official filings. To visit the company's web site, go to www.shellmidstreampartners.com.

SHLX Valuation Summary

• SHLX's price/earnings ratio is 11.6; this is 14.85% higher than that of the median Energy stock.
• Over the past 96 months, SHLX's price/earnings ratio has gone down 112.4.

Below are key valuation metrics over time for SHLX.

SHLX Growth Metrics

The 2 year revenue growth rate now stands at 11.97%.
• Its 5 year price growth rate is now at -63.55%.
• Its 2 year net income to common stockholders growth rate is now at 53.48%.

SHLX's revenue has moved up $54,000,000 over the prior 15 months.

The table below shows SHLX's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-06-30	553	602	537
2022-03-31	552	603	551
2021-12-31	556	612	556
2021-09-30	545	636	581
2021-06-30	527	647	589
2021-03-31	499	654	568

SHLX's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• SHLX has a Quality Grade of A, ranking ahead of 97.49% of graded US stocks.
• SHLX's asset turnover comes in at 0.224 -- ranking 84th of 137 Transportation stocks.
• HUBG, KNOP, and DKL are the stocks whose asset turnover ratios are most correlated with SHLX.

The table below shows SHLX's key quality metrics over time.