Shell Midstream Partners, L.P.
Industrials · Pipe Lines (No Natural Gas) · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | |
|---|---|---|---|---|---|---|
| Revenue | $500.0M | $424.0M | $447.0M | $469.0M | $414.0M | $452.9M |
| Operating income | $232.0M | $169.0M | $215.0M | $212.0M | $200.0M | $223.5M |
| Net income | $556.0M | $543.0M | $528.0M | $464.0M | $295.0M | $244.9M |
| Total assets | $2.32B | $2.35B | $2.02B | $1.91B | $1.37B | $1.30B |
| Total liabilities | $2.81B | $2.81B | $2.77B | $2.17B | $1.93B | $769.7M |
| Equity | −$493.0M | −$458.0M | −$749.0M | −$257.0M | −$566.0M | $534.0M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 393.3M | 233.3M | — | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- 46.4%
- Net margin
- 111.2%
- Return on equity
- −112.8%
- Return on assets
- 24.0%
- Return on capital (ROCE)
- 12.7%
- Liabilities / assets
- 121.3%
- Debt / equity
- —
- Book value / share
- $-1.25
- Revenue growth (YoY)
- 17.9%
- Net income growth (YoY)
- 2.4%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2021- Accruals / assets
- −2.4%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 1 warning● 4 good- Negative shareholder equity
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Director / officer change · Regulation FD disclosureOct 19, 2022
- Results of operations · Regulation FD disclosureJul 28, 2022
- Entered a material agreement · Shareholder vote · Regulation FD disclosureJul 25, 2022
- Other material eventJun 27, 2022
- Results of operations · Regulation FD disclosureApr 29, 2022
- Director / officer changeMar 29, 2022
- Other material eventMar 22, 2022
- Results of operations · Regulation FD disclosureFeb 24, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-12GOct 31, 2022
- 4FORM 4 SUBMISSIONOct 21, 2022
- 3FORM 3 SUBMISSIONOct 19, 2022
- 4FORM 4 SUBMISSIONOct 19, 2022
- 4FORM 4 SUBMISSIONOct 19, 2022
- 4FORM 4 SUBMISSIONOct 19, 2022
- 4FORM 4 SUBMISSIONOct 19, 2022
- 4FORM 4 SUBMISSIONOct 19, 2022
- 4FORM 4 SUBMISSIONOct 19, 2022
- SC 13D/AOct 19, 2022
- POSASROct 19, 2022
- SC 13E3/AOct 19, 2022
- 8-KOct 19, 2022
- 25-NSEOct 19, 2022
- SC 13E3/ASep 16, 2022
Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.