Shell Midstream Partners LP
NYSE:SHLX
Income Statement
Earnings Waterfall
Shell Midstream Partners LP
Revenue
|
553m
USD
|
Cost of Revenue
|
-41m
USD
|
Gross Profit
|
512m
USD
|
Operating Expenses
|
-295m
USD
|
Operating Income
|
217m
USD
|
Other Expenses
|
272m
USD
|
Net Income
|
489m
USD
|
Income Statement
Shell Midstream Partners LP
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||
Revenue |
94
N/A
|
103
+10%
|
120
+16%
|
147
+22%
|
182
+24%
|
212
+16%
|
248
+17%
|
298
+20%
|
486
+63%
|
512
+5%
|
519
+1%
|
505
-3%
|
453
-10%
|
445
-2%
|
445
N/A
|
458
+3%
|
470
+3%
|
485
+3%
|
528
+9%
|
587
+11%
|
525
-11%
|
556
+6%
|
548
-1%
|
519
-5%
|
503
-3%
|
493
-2%
|
492
0%
|
477
-3%
|
481
+1%
|
499
+4%
|
527
+6%
|
545
+3%
|
556
+2%
|
552
-1%
|
553
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||
Cost of Revenue |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(9)
|
(23)
|
(33)
|
(35)
|
(40)
|
(36)
|
(36)
|
(42)
|
(37)
|
(30)
|
(24)
|
(13)
|
(18)
|
(24)
|
(29)
|
(34)
|
(41)
|
|
Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
93
N/A
|
220
+136%
|
360
+64%
|
492
+37%
|
521
+6%
|
508
-2%
|
483
-5%
|
467
-3%
|
451
-3%
|
455
+1%
|
447
-2%
|
457
+2%
|
486
+6%
|
509
+5%
|
521
+2%
|
527
+1%
|
518
-2%
|
512
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||
Operating Expenses |
(76)
|
(49)
|
(50)
|
(68)
|
(81)
|
(91)
|
(106)
|
(122)
|
(233)
|
(246)
|
(257)
|
(269)
|
(229)
|
(237)
|
(247)
|
(260)
|
(270)
|
(308)
|
(324)
|
(329)
|
(283)
|
(250)
|
(246)
|
(250)
|
(250)
|
(256)
|
(267)
|
(273)
|
(288)
|
(295)
|
(294)
|
(292)
|
(292)
|
(295)
|
(295)
|
|
Selling, General & Administrative |
(69)
|
(62)
|
(62)
|
(58)
|
(69)
|
(76)
|
(89)
|
(102)
|
(195)
|
(204)
|
(212)
|
(220)
|
(186)
|
(193)
|
(202)
|
(216)
|
(225)
|
(261)
|
(275)
|
(278)
|
(237)
|
(204)
|
(199)
|
(203)
|
(201)
|
(206)
|
(216)
|
(221)
|
(238)
|
(245)
|
(245)
|
(244)
|
(242)
|
(246)
|
(245)
|
|
Depreciation & Amortization |
(7)
|
(8)
|
(9)
|
(10)
|
(12)
|
(14)
|
(17)
|
(19)
|
(38)
|
(42)
|
(45)
|
(49)
|
(43)
|
(44)
|
(44)
|
(44)
|
(45)
|
(47)
|
(49)
|
(51)
|
(46)
|
(47)
|
(47)
|
(48)
|
(49)
|
(50)
|
(51)
|
(52)
|
(50)
|
(50)
|
(49)
|
(48)
|
(50)
|
(49)
|
(50)
|
|
Other Operating Expenses |
0
|
21
|
21
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
19
N/A
|
54
+191%
|
70
+29%
|
79
+13%
|
102
+29%
|
122
+20%
|
142
+17%
|
176
+24%
|
253
+44%
|
266
+5%
|
262
-2%
|
236
-10%
|
224
-5%
|
209
-7%
|
199
-5%
|
198
0%
|
200
+1%
|
171
-14%
|
195
+14%
|
235
+20%
|
209
-11%
|
271
+30%
|
262
-3%
|
233
-11%
|
217
-7%
|
195
-10%
|
188
-4%
|
174
-7%
|
169
-3%
|
191
+13%
|
215
+13%
|
229
+7%
|
235
+3%
|
223
-5%
|
217
-3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
(0)
|
7
|
21
|
34
|
59
|
121
|
130
|
146
|
143
|
154
|
172
|
180
|
194
|
192
|
205
|
217
|
249
|
239
|
249
|
260
|
280
|
295
|
319
|
352
|
358
|
347
|
348
|
347
|
324
|
297
|
303
|
295
|
|
Non-Reccuring Items |
21
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
3
|
1
|
1
|
1
|
(2)
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
(3)
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
5
|
16
|
24
|
31
|
34
|
35
|
35
|
36
|
37
|
36
|
35
|
40
|
45
|
44
|
45
|
39
|
35
|
34
|
|
Pre-Tax Income |
39
N/A
|
54
+38%
|
70
+29%
|
79
+12%
|
109
+38%
|
143
+32%
|
177
+24%
|
236
+34%
|
374
+58%
|
396
+6%
|
407
+3%
|
378
-7%
|
378
0%
|
381
+1%
|
379
-1%
|
391
+3%
|
392
+0%
|
382
-3%
|
429
+12%
|
508
+19%
|
483
-5%
|
555
+15%
|
559
+1%
|
550
-1%
|
546
-1%
|
551
+1%
|
576
+5%
|
567
-2%
|
556
-2%
|
581
+4%
|
603
+4%
|
595
-1%
|
568
-5%
|
561
-1%
|
546
-3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
39
|
54
|
70
|
79
|
108
|
143
|
176
|
236
|
374
|
397
|
407
|
378
|
378
|
381
|
379
|
391
|
392
|
382
|
428
|
508
|
482
|
555
|
558
|
550
|
546
|
551
|
576
|
567
|
556
|
581
|
603
|
595
|
568
|
561
|
546
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
(11)
|
(37)
|
(65)
|
(102)
|
(207)
|
(198)
|
(177)
|
(146)
|
(133)
|
(120)
|
(116)
|
(113)
|
(97)
|
(93)
|
(95)
|
(99)
|
(18)
|
(23)
|
(22)
|
(21)
|
(18)
|
(17)
|
(16)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(12)
|
(10)
|
(9)
|
|
Net Income (Common) |
39
N/A
|
54
+38%
|
70
+29%
|
79
+12%
|
13
-83%
|
22
+60%
|
26
+22%
|
48
+83%
|
162
+238%
|
191
+18%
|
219
+14%
|
215
-2%
|
220
+2%
|
226
+3%
|
219
-3%
|
225
+3%
|
231
+3%
|
209
-9%
|
237
+13%
|
294
+24%
|
330
+12%
|
398
+21%
|
404
+1%
|
396
-2%
|
381
-4%
|
359
-6%
|
403
+12%
|
421
+4%
|
452
+7%
|
520
+15%
|
541
+4%
|
533
-1%
|
508
-5%
|
503
-1%
|
489
-3%
|
|
EPS (Diluted) |
0.57
N/A
|
0.79
+39%
|
1.03
+30%
|
1.16
+13%
|
0.09
-92%
|
0.13
+44%
|
0.18
+38%
|
0.33
+83%
|
1.04
+215%
|
1.15
+11%
|
1.28
+11%
|
1.21
-5%
|
1.31
+8%
|
1.27
-3%
|
1.23
-3%
|
1.25
+2%
|
1.22
-2%
|
0.99
-19%
|
1.05
+6%
|
1.31
+25%
|
1.48
+13%
|
1.77
+20%
|
1.8
+2%
|
1.69
-6%
|
1.63
-4%
|
1.53
-6%
|
0.9
-41%
|
0.94
+4%
|
1.01
+7%
|
1.17
+16%
|
1.21
+3%
|
1.2
-1%
|
1.14
-5%
|
1.13
-1%
|
1.1
-3%
|