SHLX - Earnings call transcript Q4 2021 | Shell Midstream Partners, L.P.

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Operator

Good morning, ladies and gentlemen. My name is Olivia, and I will be your conference operator today. At this time, I would like to welcome everyone to today's webcast for Shell Midstream Partners. [Operator Instructions]. I will now turn the call over to Jamie Parker, Investor Relations Officer.

conference. your begin may You

Jamie Parker

Slide Thank you. With Carsten, Shell Partners. Business webcast and statement. safe to today are today's Development. and me Commercial Shawn Guillory, for contains Steve our Sean harbor Midstream VP, Welcome X Ledbetter, CFO; CEO;

presentation making materially measures, SEC. the here under from call cause and measures. that Q&A comparable will most in such expectations be and earnings X disclosures future Factors our measures. actual including and results in Risk financial to today's as could be GAAP well included statements such statements as presentation forward-looking refer We session. contains filings different press financial results reconciliations to Actual with non-GAAP to this related events the release and Appendix important of during Today's and differ are the to may certain release factors the also for press Please regarding

with the questions take will We Steve Ledbetter. over And at turn end of the call to presentation. that, the I'll

Steven Ledbetter

Pipeline of Good have held unit. Thanks, you and quarter to at webcast. preliminary fourth review, earnings the welcome a that Board from our The all publicly appointed $XX.XX Board evaluate to negotiate doubt, nonbinding offer Shell and committee has recent acquire to received seen No our our the all conflicts remaining morning, announcements per Company units Jamie. a offer.

subject of a to of Of including number definitive execution it well and be a approval a course, if as conflicts the as transaction would materializes, Board contingencies, committee agreement.

continuing usual. are as we now, business For

our and cash flows value unitholder and partners. We ratable and stable, commitments on will contracts continue delivering focus fueling to honoring customers our to by

as steadfast process. conferences has as as road the and well attending such will light throughout guidance investor our suspend will day-to-day business of not providing unitholder formal program, changed forward Our engagement the focus announcement, we and In remain shows.

performance and to usual. on our as continue however, will, operational report financial We

to over the it I'll financial that, Shawn So with the results for Shawn? to quarter. fourth through turn walk

Shawn Carsten

Steve. Thanks,

our key first, quarter. So let me the for metrics a financial of few cover

$XXX million total $XX of was the revenue quarter. Our million, third increase an from

to timing in QX. impairment Now as prior was mostly equity the QX. storm maintenance investments about due hurricane in expense the returned delayed $XX down the increased to up by to $XX transportation primarily related million, from of the being charge to this Income this mostly $X impacts million, increase operations by quarter, from normal Norco million assets Operating was an experienced following prior $XX Colonial. was million was our related and recorded revenue expenses from about quarter,

Now all of Amberjack. from by this and offset partially Mars earnings increased was

$XXX this, was maintenance adjusted expense, attributable was $XXX cash capital to And available after million. total for with EBITDA So distribution and million. interest the adjustments, other all partnership

declared of unit. partnership Our a LP $X.XX per distribution

debt outstanding resulted in of as ratio the maintenance Now fourth the $X had a the of mix incurred routine across this quarter a the X.Xx. quarter, of million total of assets. billion. partnership for CapEx XX, this is of coverage and projects December we And And maintenance various $X.X finally, in

Now we to able of any quarter. suspension operational this for and an and able We'll will our be not or guidance portion take not forward call future fourth the elaborate financial offer, of EBITDA. further Xx guidance, ratio regarding future performance Q&A performance. of be a relating to questions annualized will Shell's our to light of limited on adjusted be Shell offer and equates In debt-to-EBITDA to from our the based the to today QX

So thank today. you again for joining call our

in queue. the we Now look like it questions doesn't have any

call over to the So with Jim. that, back turn I'll

Jamie Parker

much in Midstream very you your Shell thank interest we Everyone, for Partners.

on found directly. following any questions My to please me as the website, feel call and If materials call, free as on can today's presentation have follow-up contact presentation shellmidstreampartners.com. our be you well information

Operator

Ladies for your conference for participation. that Thank you our does conclude today. and gentlemen,

disconnect. now may You

Shawn Carsten	CFO, VP & Director, Shell Midstream Partners GP LLC
Jamie Parker	IR Officer
Steven Ledbetter	President, CEO & Director, Shell Midstream Partners GP LLC

Shell Midstream Partners (SHLX) 24 Feb 222021 Q4 Earnings call transcript