Shell Midstream pledges to set aside cash for growth [Seeking Alpha]
Shell Midstream Partners, L.P. Common Units representing Limited Partner Interests (SHLX)
Last shell midstream partners, l.p. common units representing limited partner interests earnings: 2/20 08:00 am
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shellmidstreampartners.com
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Source: Seeking Alpha
Shell Midstream pledges to set aside cash for growthShell Mistream Partners (SHLX-0.2%) says it willforego $50M in incentive distribution rightsduring 2019, reinvesting the cash back into the business.“This waiver is evidence of strong sponsor support and further demonstrates [Royal Dutch Shell's] commitment to grow its midstream footprint through Shell Midstream Partners,” says SHLX President and CEO Kevin Nichols.SHLXsaid in November that it expected the move, and a recent SEC filing finalizes the commitment.Click to subscribe to real-time analytics on SHLXNow read:Top 10 Of 22 Energy 'Safer' Dividend WallStars Deliver 35.45%-59.17% November Net Gains »Subscribefor full text news in your inbox
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