HOUSTON (AP) _ Shell Midstream Partners LP (SHLX) on Thursday reported third-quarter earnings of $141 million.
The Houston-based company said it had net income of 45 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The master limited partnership posted revenue of $125 million in the period.
Shell Midstream shares have increased 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.48, rising slightly in the last 12 months.