Private company

Shell Midstream Partners, L.P.

American pipe lines based in Houston, incorporated in Delaware.

Last updated Oct 18, 2026.

Overview

IndustryPipe Lines (No Natural Gas)
HeadquartersHouston, United States
Incorporated inDE²
Business address150 N. Dairy Ashford, Houston, Tx 77079²
Filer categoryLarge accelerated filer²

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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 margin³

111.2%Net margin³

17.9%Revenue growth, 2021³

Where the money goes

Where each dollar of revenue went, fiscal 2021

Profit

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

Out of $500.0M in revenue.³

Where each dollar of operating cash went, fiscal 2021

Kept or used elsewhere

Kept or used elsewhere100¢$612.0M

Out of $612.0M of cash from operations.³

Financial statements

Revenue⁴⁵⁶⁷³$500.0M in 2021+3% since 2015

Operating income⁴⁵⁶⁷³$232.0M in 2021−8% since 2015

Net income⁴⁵⁶⁷³$556.0M in 2021+233% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Revenue	$485.5M⁴	$452.9M⁵	$414.0M⁶	$469.0M⁷	$447.0M³	$424.0M³	$500.0M³
Selling, general and admin	$13.4M⁴	$9.7M⁵	$10.0M⁶	$8.0M⁷	$11.0M³	$7.0M³	$6.0M³
Operating income	$252.6M⁴	$223.5M⁵	$200.0M⁶	$212.0M⁷	$215.0M³	$169.0M³	$232.0M³
Income tax	-$100.0K⁴	$0⁵	$0⁶	$1.0M⁷	$0³	$0³	$0³
Net income	$167.1M⁴	$244.9M⁵	$295.0M⁶	$464.0M⁷	$528.0M³	$543.0M³	$556.0M³

Total assets¹⁰⁴⁵⁶⁷³$2.3B in 2021+224% since 2015

Total liabilities¹⁰⁴⁵⁶⁷³$2.8B in 2021+454% since 2015

Shareholders’ equity⁵⁶⁷³-$493.0M in 2021

Cash⁵³$361.0M in 2021+285% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash	$93.8M⁵	$122.1M⁵	$137.7M⁵	$208.0M⁵	$290.0M³	$320.0M³	$361.0M³
Current assets	$130.8M¹⁰	$182.5M⁴	$203.6M⁵	$284.0M⁶	$359.0M⁷	$394.0M³	$465.0M³
Total assets	$714.9M¹⁰	$1.3B⁴	$1.4B⁵	$1.9B⁶	$2.0B⁷	$2.3B³	$2.3B³
Current liabilities	$26.1M¹⁰	$44.0M⁴	$54.9M⁵	$53.0M⁶	$46.0M⁷	$82.0M³	$489.0M³
Total liabilities	$507.8M¹⁰	$769.7M⁴	$1.9B⁵	$2.2B⁶	$2.8B⁷	$2.8B³	$2.8B³
Shareholders’ equity	$632.5M⁵	$534.0M⁶	-$566.0M⁷	-$257.0M³	-$749.0M³	-$458.0M³	-$493.0M³
Shares outstanding						233.3M shares⁶	393.3M shares⁷

Cash from operations⁴⁵⁶⁷³$612.0M in 2021+55% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash from operations	$395.8M⁴	$429.2M⁵	$432.0M⁶	$507.0M⁷	$597.0M³	$650.0M³	$612.0M³

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Leadership

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

Chief executive

Margaret C. Montana2014

President

Margaret C. Montana2014

Chief financial officer

201520202025

Chief executive officerMargaret C. Montana Oct 28, 2014 to Oct 28, 2014¹¹
PresidentMargaret C. Montana Oct 28, 2014 to Oct 28, 2014¹¹
Chief financial officerShawn J. Carsten Mar 9, 2017 to May 25, 2018¹²
Chief financial officerSusan M. Ward Oct 28, 2014 to Oct 28, 2014¹³

Board members and other officers (29)

Vice President, CommercialSean Guillory Feb 26, 2021 to Oct 19, 2022¹⁴
Vice President, OperationsGregory T. Mouras Oct 21, 2021 to Oct 21, 2021¹⁵
ControllerNick Arzymanow Jan 23, 2020 to Jan 23, 2020¹⁶
Vice President, OperationsJesse C. H. Stanley Aug 4, 2020 to Aug 4, 2020¹⁷
OfficerShawn J. Carsten Mar 4, 2019 to Oct 19, 2022¹⁸
ControllerElaine McCown May 10, 2017 to May 10, 2017¹⁹
ControllerJames E. Fullen Jun 12, 2015 to Jun 12, 2015²⁰
OfficerJohn Hollowell Jul 6, 2015 to Jul 6, 2015²¹
Vice President, OperationsAlton G. Smith Oct 28, 2014 to Dec 22, 2015²²
ControllerChristopher D. Jackson Oct 28, 2014 to Oct 28, 2014²³
TreasurerErnest J. Stutzman Oct 28, 2014 to Oct 28, 2014²⁴
Vice President, CommercialKevin M. Nichols Oct 28, 2014 to Oct 31, 2014²⁵
VP Regulatory & Major ProjectsMichele F. Joy Oct 28, 2014 to Feb 25, 2016²⁶
OfficerMargaret C. Montana Oct 31, 2014 to Dec 11, 2014²⁷
OfficerSusan M. Ward Oct 31, 2014 to Oct 31, 2014²⁸
OfficerLori M. Muratta Nov 5, 2014 to Oct 19, 2022²⁹
Board memberCynthia Hablinski V. Apr 1, 2021 to Apr 1, 2021³⁰
Board memberShawn J. Carsten Mar 4, 2019 to Oct 19, 2022¹⁸
Board memberBrenda Stout Apr 9, 2019 to Apr 9, 2019³¹
Board memberMarcel Teunissen Feb 9, 2018 to Feb 9, 2018³²
Board memberFierro A. Carlos Jan 8, 2015 to Oct 21, 2022³³
Board memberJohn Hollowell Jul 6, 2015 to Jul 6, 2015²¹
Board memberCurtis R. Fraiser Oct 28, 2014 to Jun 29, 2018³⁴
Board memberGerard B. Paulides Oct 28, 2014 to Oct 28, 2014³⁵
Board memberJames J. Bender Oct 28, 2014 to Oct 19, 2022³⁶
Board memberMargaret C. Montana Oct 28, 2014 to Sep 14, 2017¹¹
Board memberPaul R. A. Goodfellow Oct 28, 2014 to Oct 28, 2014³⁷
Board memberSusan M. Ward Oct 28, 2014 to Oct 31, 2014¹³
General counselLori M. Muratta Oct 28, 2014 to Oct 28, 2014³⁸

Timeline

Oct 28, 2014New chief executive Margaret C. Montana becomes CEO¹¹

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:

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

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

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 3 such filings since October 2021:

Oct 19, 2022SC 13D/A
Jul 25, 2022SC 13D/A
Feb 11, 2022SC 13D/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARShell Midstream Partners, L.P. filings on SEC EDGAR
2
SEC EDGARShell Midstream Partners, L.P. filings on SEC EDGAR
3
SEC EDGARShell Midstream Partners, L.P. 10-K for fiscal 2021
4
SEC EDGARShell Midstream Partners, L.P. 10-K for fiscal 2015
5
SEC EDGARShell Midstream Partners, L.P. 10-K for fiscal 2016
6
SEC EDGARShell Midstream Partners, L.P. 10-K for fiscal 2017
7
SEC EDGARShell Midstream Partners, L.P. 10-K for fiscal 2018
8
SEC EDGARShell Midstream Partners, L.P. 10-Q for fiscal 2022
9
SEC EDGARShell Midstream Partners, L.P. 10-Q for fiscal 2022
10
SEC EDGARShell Midstream Partners, L.P. 10-K for fiscal 2015
11
SEC EDGARMargaret C. Montana, Chief executive officer
12
SEC EDGARShawn J. Carsten, Chief financial officer
13
SEC EDGARSusan M. Ward, Chief financial officer
14
SEC EDGARSean Guillory, Vice President, Commercial
15
SEC EDGARGregory T. Mouras, Vice President, Operations
16
SEC EDGARNick Arzymanow, Controller
17
SEC EDGARJesse C. H. Stanley, Vice President, Operations
18
SEC EDGARShawn J. Carsten, Officer
19
SEC EDGARElaine McCown, Controller
20
SEC EDGARJames E. Fullen, Controller
21
SEC EDGARJohn Hollowell, Officer
22
SEC EDGARAlton G. Smith, Vice President, Operations
23
SEC EDGARChristopher D. Jackson, Controller
24
SEC EDGARErnest J. Stutzman, Treasurer
25
SEC EDGARKevin M. Nichols, Vice President, Commercial
26
SEC EDGARMichele F. Joy, VP Regulatory & Major Projects
27
SEC EDGARMargaret C. Montana, Officer
28
SEC EDGARSusan M. Ward, Officer
29
SEC EDGARLori M. Muratta, Officer
30
SEC EDGARCynthia Hablinski V., Board member
31
SEC EDGARBrenda Stout, Board member
32
SEC EDGARMarcel Teunissen, Board member
33
SEC EDGARFierro A. Carlos, Board member
34
SEC EDGARCurtis R. Fraiser, Board member
35
SEC EDGARGerard B. Paulides, Board member
36
SEC EDGARJames J. Bender, Board member
37
SEC EDGARPaul R. A. Goodfellow, Board member
38
SEC EDGARLori M. Muratta, General counsel