Shell Midstream Partners, L.P. Common Units representing Limited Partner Interests (SHLX) Company Bio
Shell Midstream Partners LP operates, develops, and acquires pipelines and other midstream assets in the United States. The company owns interests in two crude oil pipeline systems and two refined products pipeline systems. The company was founded in 2014 and is based in Houston, Texas.
SHLX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Shell Midstream Partners LP. To summarize, we found that Shell Midstream Partners LP ranked in the 85th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 1009.17%. In terms of the factors that were most noteworthy in this DCF analysis for SHLX, they are:
Shell Midstream Partners LP's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 5% of tickers in our DCF set.
Shell Midstream Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than just 0% of US stocks with positive free cash flow.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than just 11.84% of stocks in its sector (Energy).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Colonial Pipeline will continue normal operations as Hurricane Laura heads toward the U.S. Gulf Coast while complying with mandatory evacuation orders in Texas and Louisiana, say officials at the largest U.S. refined products pipeline.The company says it will communicate with local terminals and suppliers to understand their capabilities to supply...
Introduction The often underfollowed Master Limited Partnership area of the equity market has a vast array of income-producing midstream companies with even the oil and gas supermajor Royal Dutch Shell (RDS.A) (RDS.B) offering an option through their subsidiary, Shell Midstream Partners (SHLX). Whilst many of their peers have reduced their...
Daniel Thurecht on Seeking Alpha | August 18, 2020
Houston, July 31, 2020 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership”) is pleased to announce the appointment of Jesse C. H. Stanley as Vice President, Operations of its general partner, Shell Midstream Partners GP LLC. Ms. Stanley is taking over the role from Mr. Alton G. Smith, who retired from the role in July, as previously announced by the Partnership. Ms. Stanley formerly served as the General Manager for Value Chain Integration in upstream shales for Royal Dutch Shell plc (“Shell”), a position that she held for one year. Ms. Stanley started her career with Shell in Europe, working in lubricants operations based in Shell’s lubricants plants & refineries in the United Kingdom and Europe, a role in which she served for six years, streamlining pr...
Houston, July 31, 2020 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “Shell Midstream Partners”) reported net income attributable to the Partnership of $141 million for the second quarter of 2020, which equated to $0.32 per diluted common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the Partnership of $192 million. Total cash available for distribution was $163 million, approximately $7 million lower than the prior quarter. The financial results were largely driven by lower contributions from the Partnership's refined products joint ventures and lower volumes on the Zydeco and the Eastern Corridor systems. These were partially offse...
Houston, July 23, 2020 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership”) announces that the Board of Directors of its general partner declared a cash distribution of $0.4600 per limited partner unit for the second quarter of 2020. This represents an increase of 7.0 percent over the distribution paid with respect to the second quarter of 2019. The distribution will be paid August 14, 2020 to unitholders of record as of August 4, 2020. TAX CONSIDERATIONS This release is intended to be a qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a U.S. trade or b...