Shell Midstream Revenue, Profits - SHLX Quarterly Income Statement

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$22.49 $0.24 (1.06%) SHLX stock closing price Aug 15, 2018 (Closing)

Financial analysis of Shell Midstream involves more than just checking the Shell Midstream stock price, by looking at the financial statements of the company in detail. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. Like any other income statement, the SHLX income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a QoQ revenue growth of 29.82% when compared to the same period in the past. The operating expenses as shown in the Shell Midstream profit and loss statement for 2018 Q2 total to $32M. This line item shows that the operating expenses has increased compared with last year. Also check: Shell Midstream assets and Shell Midstream free cash flow.

View and download details of revenue and profits for Shell Midstream for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Shell Midstream Revenues or Net Sales
129.3M99.6M126.8M94.4M86.8M70.2M75.6M67.9M71.1M76.7M
Cost Of Goods Sold (COGS)40.6M63M64.1M34.2M30M21.4M18.6M16.7M17.5M14.8M
Shell Midstream Gross Profit
88.7M36.6M154.6M60.2M56.8M48.8M57M51.2M53.6M61.9M
Research & Development Expense----------
Selling General & Admin Expense20.6M20.3M36.9M13.2M14.4M10.8M9.6M9.2M9.7M11M
Income Before Depreciation Depletion Amortization68.1M16.3M117.7M47M42.4M38M47.4M42M43.9M50.9M
Depreciation Depletion Amortization11.4M11.4M20.3M8.9M9.6M6.2M6M6M5.8M5.9M
Non Operating Income72.1M70.5M88.5M46.1M43.4M46M35.4M25.6M30.2M26M
Interest Expense13.3M10.6M10.2M9.7M7.5M4.8M4.5M2.8M2M3M
Shell Midstream Pretax Income
115.5M64.8M175.7M74.5M68.7M73M72.3M58.8M66.3M68M
Provision for Income Taxes----------
MinorityInterest4.7M-12.9M1.9M2.2M2.2M2.8M2.5M2.5M12.7M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations115.4M64M86.4M72.6M65.5M70.8M69.5M56.3M63.8M55.3M
Extraordinary Items & Discontinued Operations----------
Shell Midstream Profit/ Loss (Net Income)
110.7M64M86.4M72.6M65.5M70.8M69.5M56.3M63.8M55.3M
Average Shares used to compute Diluted EPS226M209.4M188M177.42M177.4M177.3M175.88M175.36M168M67.5M
Average Shares used to compute Basic EPS226M209.4M188M177.42M177.4M177.3M175.88M175.36M168M67.5M
Income Before Nonrecurring Items110.7M64M86.4M72.6M65.5M70.8M69.5M56.3M63.8M55.3M
Income from Nonrecurring Items----------
Shell Midstream Earnings Per Share Basic Net
0.350.180.350.310.290.330.340.280.350.32
Shell Midstream Earnings Per Share Diluted Net
0.350.180.350.310.290.330.340.280.350.32
EPS Diluted Before Nonrecurring Items0.350.180.350.310.290.330.340.280.350.32
Preferred Dividends Acc Pd----------
Dividends Common77.8974.5359.71-------
Dividend Per Share Common0.350.330.320.300.290.280.260.250.240.22
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Shell Midstream stock analysis. It helps to look at the following income statement items:

  • Topline: A growing topline, as seen from the Shell Midstream revenue chart, as is the case with Shell Midstream indicates a growing business. One needs to compare the QoQ topline or sales growth of SHLX stock with its peers like ENLK stock and BPL stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. SHLX stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the SHLX income statement, one can check the Shell Midstream historical stock prices to check how the price has moved with time.

Shell Midstream Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
19.1
PS Ratio (price sales ratio)
11.41
Operating Margin
4.9
Net Profit Margin
64.3
Dividend Yield
5.72%