Shell Midstream Partners LP (NYSE:SHLX) Interest Expense

: $-86.0 Mil (TTM As of Jun. 2022)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shell Midstream Partners LP's interest expense for the three months ended in Jun. 2022 was $ -22.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2022 was $-86.0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Shell Midstream Partners LP's Operating Income for the three months ended in Jun. 2022 was $ 59.0 Mil. Shell Midstream Partners LP's Interest Expense for the three months ended in Jun. 2022 was $ -22.0 Mil. Shell Midstream Partners LP's Interest Coverage for the quarter that ended in Jun. 2022 was 2.68. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Shell Midstream Partners LP Interest Expense Historical Data

The historical data trend for Shell Midstream Partners LP's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shell Midstream Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

-32.00

-64.00

-96.00

-93.00

-85.00

Shell Midstream Partners LP Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Interest Expense																-21.00	-22.00	-21.00	-21.00	-22.00

Shell Midstream Partners LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-86.0 Mil.

Shell Midstream Partners LP (NYSE:SHLX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Shell Midstream Partners LP's Interest Expense for the three months ended in Jun. 2022 was $-22.0 Mil. Its Operating Income for the three months ended in Jun. 2022 was $59.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2022 was $2,317.0 Mil.

Shell Midstream Partners LP's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2022 )	/	Interest Expense (Q: Jun. 2022 )
	=	-1	*	59	/	-22
	=	2.68

The higher the ratio, the stronger the company's financial strength is.

Shell Midstream Partners LP (NYSE:SHLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell Midstream Partners LP (NYSE:SHLX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 North Dairy Ashford Road, A0482-A, Houston, TX, USA, 77079

Website

http://www.shellmidstreampartners.com

Shell Midstream Partners LP is a US-based limited partnership that is formed to own, operate, develop and acquire pipelines and other midstream assets. The company holds an interest in several entities which own crude oil, refined products and natural gas pipelines, and crude tank storage and terminal system. It provides a transportation and storage facility to deliver refined products from Gulf Coast markets to demand centers. The company earns revenue through the long-term transportation agreements by charging fees for the transportation of crude oil and refined products through its pipelines.

Executives

Sopc Holdings West Llc	10 percent owner	150 N. DAIRY ASHFORD RD., HOUSTON TX 77079
Fierro A Carlos	director	910 LOUISIANA STREET, HOUSTON TX 77002
Gregory T. Mouras	officer: Vice President, Operations	P.O. BOX 61933, NEW ORLEANS LA 70161
Cynthia V. Hablinski	director	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Sean Guillory	officer: Vice President, Commercial	150 N. DAIRY ASHFORD, HOUSTON TX 77079
David A. Connolly	director	1000 MAIN STREET, LEVEL 12, HOUSTON TX 77002
Stanley Jesse C. H.	officer: Vice President, Operations	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Anne C. Anderson	director	150 N. DAIRY ASHFORD, HOUSTON TX 77079
James J Bender	director	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Nick Arzymanow	officer: Controller	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Brenda Stout	director	150 N. DAIRY ASHFORD ROAD, HOUSTON TX 77079
Curtis R Frasier	director	910 LOUISIANA STREET, HOUSTON TX 77002
Steven Ledbetter	officer: Vice President - Commercial	150 N. DAIRY ASHFORD ROAD, HOUSTON TX 77079
Marcel Teunissen	director	150 N. DAIRY ASHFORD ROAD, HOUSTON TX 77079
Elaine Mccown	officer: Controller	ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002