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Inergy, L.P. Message Board

moweenfarmer 6 posts  |  Last Activity: Mar 31, 2016 4:23 PM Member since: Feb 18, 2009
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  • Discount about 4%,so about $45.

  • moweenfarmer moweenfarmer Mar 24, 2016 8:11 PM Flag

    I still can't believe SHLX can put 11mil. units on the market and close above $33.

  • moweenfarmer moweenfarmer Mar 23, 2016 5:58 PM Flag

    I am surprised the unit price is only down 73 cents on a bad oil day and 6 Mil. units traded today.I thought it would go down at least $2.,maybe tomorrow. Looking to buy some under $31.75

  • moweenfarmer moweenfarmer Mar 11, 2016 7:47 PM Flag

    Looks like they sold one mil. shares today,only seven mil. more to go.

  • Reply to

    Another great quarter,

    by moweenfarmer Feb 24, 2016 5:37 PM
    moweenfarmer moweenfarmer Feb 25, 2016 2:16 PM Flag

    I quess it is sell on good news, I think SHLX is the best MLP to buy. Look at unit price of VLP and PSXP.

  • moweenfarmer by moweenfarmer Feb 24, 2016 5:37 PM Flag

    SHLX reports Q4-15
    Factoids stats:
    Shell Midstream Partners metrics

    Q4-2015 Q3-2015 Q2-2015 Q1-2015 Q4-2014 Q3-2014
    Revenues 84.6 72.4 57.6 51.7 55.6 46.9
    Costs 34.3 23.5 26.0 24.0 27.2
    EBITDA 65.5 57.1 37.0 28.5 29.9
    DCF dollars 67.9 46.4 36.6 30.9 16.5
    GPs DFC dollars 2.3 1.5 0.7 0.5 0.3
    Net DCF dollars 65.6 44.9 35.9 30.4 4
    Units 147.2 142.7 142.7 135.0 135.0
    DCF/unit $0.4456 $0.3146 $0.2516 $0.2252

    Upcoming Distrib. $0.220 $0.205 $0.190 $0.175 $0.104
    Coverage 2.02x 1.53x 1.32x 1.29x

    Reported Coverage 1.9x 1.5x 1.3x 1.3x


    From the press release:

    Shell Midstream Partners, L.P. (SHLX), a growth-oriented mainstream midstream master limited partnership formed by Royal Dutch Shell, plc (RDS), reported net income attributable to the partnership of $57.0 million for the fourth quarter of 2015, which equates to $0.38 per common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the partnership of $65.5 million and cash available for distribution of $67.9 million. Total cash available for distribution excluding non-recurring payments was $55.0 million.

    “Shell Midstream Partners’ underlying business remained resilient despite the volatile environment. Strong performance over the quarter supported the 7.3% increase in quarterly distribution, while affording the partnership ample distribution coverage. Furthermore, distributions to our unitholders have increased over 35% from the same quarter last year, which demonstrates our ability to deliver sustainable growth to unitholders,” said John Hollowell, CEO.

    The runway of North American assets owned or under development by RDS that could be dropped into Shell Midstream Partners is currently estimated at $3.0 - $3.5 billion of EBITDA. This runway of assets could support distribution growth for Shell Midstream Partners well into the future.