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Private company

Shell Midstream Partners, L.P.

American pipe lines based in Houston, incorporated in Delaware2

In its 2022 annual report the company says: “Shell Midstream Partners, L.P. is a Delaware limited partnership formed by Shell on March 19, 2014 to own and operate pipeline and other midstream assets, including certain assets acquired from SPLC and its affiliates. Our general partner is Shell Midstream Partners GP LLC. We own, operate, develop and acquire pipelines and other midstream and logistics assets.”53

Last updated Oct 21, 2026.

Overview

  • IndustryPipe Lines (No Natural Gas)2
  • HeadquartersHouston, United States2
  • Incorporated inDE3
  • Business address150 N. Dairy Ashford, Houston, Tx 770793
  • Filer categoryLarge accelerated filer3
  • Legal formLimited Partnership2
  • Kind of organizationLimited partnership2
  • LEI529900YZVDXMTV4XGE962
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressCORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 55007852

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

46.4%Operating margin4
111.2%Net margin4
17.9%Revenue growth, 20214

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Selling, general and admin1¢$6.0M
  • Profit99¢$556.0M

Out of $500.0M in revenue.4

Where each dollar of operating cash went, fiscal 2021

  • Kept or used elsewhere100¢$612.0M

Out of $612.0M of cash from operations.4

Financial statements

Revenue56784$500.0M in 2021+3% since 2015
0$200.0M$400.0M$600.0M2015: $485.5M$485.5M20152016: $452.9M$452.9M2016−7%2017: $414.0M$414.0M2017−9%2018: $469.0M$469.0M2018+13%2019: $447.0M$447.0M2019−5%2020: $424.0M$424.0M2020−5%2021: $500.0M$500.0M2021+18%
Operating income56784$232.0M in 2021−8% since 2015
0$100.0M$200.0M$300.0M2015: $252.6M$252.6M20152016: $223.5M$223.5M2016−12%2017: $200.0M$200.0M2017−11%2018: $212.0M$212.0M2018+6%2019: $215.0M$215.0M2019+1%2020: $169.0M$169.0M2020−21%2021: $232.0M$232.0M2021+37%
Net income56784$556.0M in 2021+233% since 2015
0$200.0M$400.0M$600.0M2015: $167.1M$167.1M20152016: $244.9M$244.9M2016+47%2017: $295.0M$295.0M2017+20%2018: $464.0M$464.0M2018+57%2019: $528.0M$528.0M2019+14%2020: $543.0M$543.0M2020+3%2021: $556.0M$556.0M2021+2%
Fiscal year2015201620172018201920202021
Revenue$485.5M5$452.9M6$414.0M7$469.0M8$447.0M4$424.0M4$500.0M4
Selling, general and admin$13.4M5$9.7M6$10.0M7$8.0M8$11.0M4$7.0M4$6.0M4
Operating expenses$324.0M4
Operating income$252.6M5$223.5M6$200.0M7$212.0M8$215.0M4$169.0M4$232.0M4
Income before tax$568.0M4
Income tax-$100.0K5$06$07$1.0M8$04$04$04
Net income$167.1M5$244.9M6$295.0M7$464.0M8$528.0M4$543.0M4$556.0M4

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Corporate structure

Shell Midstream Partners, L.P. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Shell Midstream Partners, L.P.

  • Shell Pipeline Co LP Filed SC 13D/A on Shell Midstream Partners, L.P., latest Oct 19, 2022 (3 filings since Feb 11, 2022)
  • Shell Midstream Partners, L.P. Houston, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Shell Midstream Partners, L.P. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$12.0M4 Dec 31, 2021$12.0M4 Dec 31, 20200%
Buildings and improvements$45.0M4 Dec 31, 2021$47.0M4 Dec 31, 2020−4.3%
Machinery and equipment$1.2B4 Dec 31, 2021$1.3B4 Dec 31, 2020−1.8%
Construction in progress$12.0M4 Dec 31, 2021$4.0M4 Dec 31, 2020+200.0%
Property and equipment, before depreciation$1.4B8 Dec 31, 2020$1.3B8 Dec 31, 2019+3.4%
Accumulated depreciation$661.0M8 Dec 31, 2020$613.0M8 Dec 31, 2019+7.8%
Property and equipment, net$699.0M8 Dec 31, 2020$726.0M8 Dec 31, 2019−3.7%
Finance-lease assets$14.0M4 Dec 31, 2021$16.0M4 Dec 31, 2020−12.5%
Operating-lease assets (leased space)$3.0M4 Dec 31, 2021$4.0M4 Dec 31, 2020−25.0%

Investments

ItemLatestA year beforeChange
Stakes in other companies (equity method)$974.0M4 Dec 31, 2021$1.0B4 Dec 31, 2020−3.8%

Leadership

Who has led Shell Midstream Partners, L.P., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Margaret C. Montana2014

President

  1. Margaret C. Montana2014

Chief financial officer

  1. Susan M. Ward2014
  2. Shawn J. Carsten2017–2018
201520202025
Board members and other officers (29)

Timeline

  1. Oct 19, 20228-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights40
  2. Jul 28, 20228-K Results of operations; Regulation FD disclosure41
  3. Jul 25, 20228-K Entered a material agreement; Shareholder vote; Regulation FD disclosure42
  4. Jun 27, 20228-K Other events43
  5. Apr 29, 20228-K Results of operations; Regulation FD disclosure44
  6. Mar 29, 20228-K Executive or director change45
  7. Mar 22, 20228-K Other events46
  8. Feb 24, 20228-K Results of operations; Regulation FD disclosure47
  9. Feb 14, 20228-K Other events48
  10. Dec 21, 20218-K Other events49
  11. Oct 29, 20218-K Results of operations; Regulation FD disclosure50
  12. Oct 5, 20218-K Executive or director change51
  13. Oct 28, 2014New chief executive Margaret C. Montana becomes CEO12

Calendar

When it reported results

  1. Jul 28, 2022Reported quarterly or annual results41
  2. Apr 29, 2022Reported quarterly or annual results44
  3. Feb 24, 2022Reported quarterly or annual results47
  4. Oct 29, 2021Reported quarterly or annual results50

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

44 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 12 major events, 9 insider forms, 3 large holders, 16 other. The latest 20:

  1. Oct 31, 202215-12G EDGAR
  2. Oct 21, 20224 FORM 4 SUBMISSION EDGAR
  3. Oct 19, 2022SC 13D/A EDGAR
  4. Oct 19, 2022POSASR EDGAR
  5. Oct 19, 20228-K EDGAR
  6. Oct 19, 2022SC 13E3/A EDGAR
  7. Oct 19, 20223 FORM 3 SUBMISSION EDGAR
  8. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  9. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  10. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  11. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  12. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  13. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  14. Sep 16, 2022SC 13E3/A EDGAR
  15. Sep 16, 2022DEFM14C EDGAR
  16. Sep 13, 2022SC 13E3/A EDGAR
  17. Sep 13, 2022PRER14C EDGAR
  18. Sep 12, 2022CORRESP EDGAR
  19. Sep 6, 2022UPLOAD EDGAR
  20. Aug 17, 2022SC 13E3 EDGAR

The 44 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Shell Midstream Partners, L.P. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARShell Midstream Partners, L.P.1
  • CIK0001610466
  • Employer ID (EIN)46-52237431
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4610 Pipe Lines (No Natural Gas)1
  • Business address150 N. Dairy Ashford, Houston, TX 770791
  • Phone713-241-29731
  • Shares outstanding393,289,537 as of Jul 28, 202210
  • Public float$1.8B as of Jun 30, 20214
  • On EDGAR sinceJun 18, 20141
  • Filings357 in all: 8-K (104), 4 (39), IRANNOTICE (32), 3 (30), 10-Q (24), SC 13G/A (20), 424B3 (14), CORRESP (10)1
    All 38 form types

    10-K (8), UPLOAD (8), 424B5 (7), 8-K/A (7), SC 13D/A (7), EFFECT (6), SC 13G (6), S-1/A (5), S-3ASR (3), SC 13E3/A (3), 4/A (2), POS AM (2), S-1 (2), S-3 (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERTNYS (1), D (1), DEFM14C (1), POS EX (1), POSASR (1), PREM14C (1), PRER14C (1), S-1MEF (1), S-3/A (1), SC 13D (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2022
    Quarterly report (10-Q) Jul 28, 2022
    Latest 8-K (8-K) Oct 19, 2022

Sources

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