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 97.63% of US stocks.
• The strongest trend for SHLX is in Momentum, which has been heading up over the past 47 weeks.
• SHLX ranks lowest in Growth; there it ranks in the 19th percentile.

SHLX Stock Summary

• Shell Midstream Partners LP's capital turnover -- a measure of revenue relative to shareholder's equity -- is better than just 3.61% of US listed stocks.
• For SHLX, its debt to operating expenses ratio is greater than that reported by 96.73% of US equities we're observing.
• SHLX's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of just 2.48% of US stocks.
• If you're looking for stocks that are quantitatively similar to Shell Midstream Partners LP, a group of peers worth examining would be HMLP, CDOR, BFS, DRE, and DLNG.
• 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 EV/EBIT ratio is 10.6; this is 41.6% lower than that of the median Energy stock.
• SHLX's price/earnings ratio has moved down 115.9 over the prior 83 months.
• Over the past 83 months, SHLX's EV/EBIT ratio has gone down 113.4.

Below are key valuation metrics over time for SHLX.

SHLX Growth Metrics

• Its 2 year revenue growth rate is now at 1.59%.
• Its 4 year cash and equivalents growth rate is now at 111.59%.
• Its 4 year revenue growth rate is now at 40.26%.

SHLX's revenue has moved down $59,900,000 over the prior 33 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
2021-06-30	527	647	589
2021-03-31	499	654	568
2020-12-31	481	650	488
2020-09-30	477	642	445
2020-06-30	492	668	415
2020-03-31	493	609	359

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 97.63% of graded US stocks.
• SHLX's asset turnover comes in at 0.224 -- ranking 85th of 138 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.