Shell Midstream Partners LP on Aug. 1 posted second-quarter adjusted EBITDA attributable to the partnership of $187.0 million, an increase from $155.2 million in the year-ago period.
The S&P Global Market Intelligence consensus adjusted EBITDA estimate was $173.8 million.
The partnership's distributable cash flow in the quarter was $162.0 million, an increase from $136.6 million in the year-earlier quarter. Shell Midstream reported net income of $115.0 million, up from $110.7 million in the prior-year period.
Shell Midstream is a Houston-based master limited partnership formed by Royal Dutch Shell PLC to own and operate pipelines and other midstream assets.