Shell Midstream Partners LP (NYSE:SHLX) Scaled Net Operating Assets

: 0.82 (As of Jun. 2022)

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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Shell Midstream Partners LP's operating assets for the quarter that ended in Jun. 2022 was $1,906.0 Mil. Shell Midstream Partners LP's operating liabilities for the quarter that ended in Jun. 2022 was $105.0 Mil. Shell Midstream Partners LP's Total Assets for the quarter that ended in Mar. 2022 was $2,197.0 Mil. Therefore, Shell Midstream Partners LP's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2022 was 0.82.

Shell Midstream Partners LP Scaled Net Operating Assets Historical Data

The historical data trend for Shell Midstream Partners LP's Scaled Net Operating Assets 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

Scaled Net Operating Assets

0.89

1.21

0.88

0.96

0.80

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
Scaled Net Operating Assets																0.82	0.81	0.80	0.80	0.82

Competitive Comparison

For the Oil & Gas Midstream subindustry, Shell Midstream Partners LP's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Shell Midstream Partners LP Scaled Net Operating Assets Distribution

For the Oil & Gas industry and Energy sector, Shell Midstream Partners LP's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Shell Midstream Partners LP's Scaled Net Operating Assets falls in comparison to its industry or sector. The grey bar indicates the Scaled Net Operating Assets's extreme value range as defined by GuruFocus.

Shell Midstream Partners LP Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Shell Midstream Partners LP's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2021 )
=	(Operating Assets (A: Dec. 2021 )	-	Operating Liabilities (A: Dec. 2021 ))	/	Total Assets (A: Dec. 2020 )
=	(1957	-	92)	/	2347
=	0.79

where

	Operating Assets		(A: Dec. 2021 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2318	-	361
=	1957

	Operating Liabilities		(A: Dec. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2811	-	2319	-	400
=	92

Shell Midstream Partners LP's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2022 )
=	(Operating Assets (Q: Jun. 2022 )	-	Operating Liabilities (Q: Jun. 2022 ))	/	Total Assets (Q: Mar. 2022 )
=	(1906	-	105)	/	2197
=	0.82

where

	Operating Assets		(Q: Jun. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2231	-	325
=	1906

	Operating Liabilities		(Q: Jun. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2672	-	2317	-	250
=	105

Shell Midstream Partners LP Scaled Net Operating Assets Related Terms

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Shell Midstream Partners LP (NYSE:SHLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell Midstream Partners LP (NYSE:SHLX) » Definitions » Scaled Net Operating Assets

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