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Oil Gas Pipelines
Shell Midstream Partners, L.P. (SHLX) is a publicly traded company that owns and operates oil and gas pipelines in the United States. It is listed on the New York Stock Exchange (NYSE) under the ticker symbol "SHLX."
Here are some key facts about Shell Midstream Partners, L.P.:
1. Shell Midstream Partners, L.P. was founded in 2014 as a subsidiary of Royal Dutch Shell plc. It was created to own and operate Shell'smidstream assets in North America.
2. The company's assets include interests in four onshore and offshore crude oil and refined products pipelines, as well as interests in four onshore natural gas pipelines.
3. In 2020, the company generated net earnings of $461 million.
4. Shell Midstream Partners, L.P. is headquartered in Houston, Texas, and has approximately 300 employees.
The company's financial performance has been affected by the COVID-19 pandemic and changes in global energy demand. In 2020, the company's net earnings decreased by 30% compared to the previous year, primarily due to lower volumes and margins in the gathering and processing segment.
In terms of growth, Shell Midstream Partners, L.P. has a strong track record of delivering long-term growth through acquisitions and organic expansion. In 2020, the company completed the acquisition of the remaining 36.75% interest in the Colonial Pipeline Company, which owns and operates the largest refined products pipeline system in the United States.
In terms of valuation, Shell Midstream Partners, L.P. has a market capitalization of approximately $14 billion. Its stock price has been relatively stable over the past 12 months, with a 52-week high of $42.15 and a 52-week low of $29.18. The company's dividend yield is currently around 6.3%.
When it comes to fundamentals, the company's earnings per share (EPS) have been trending downward over the past three years, with a five-year annual EPS growth rate of -2.5%. However, the company's return on equity (ROE) has been stable at around 20% over the same period.