The general partner of Houston-based Shell Mistream Partners LP (NYSE: SHLX) will forego $50 million in incentive distribution rights in 2019, reinvesting the cash back into the business.

The general partner will reduce the incentive distribution rights by $17 million in the first and second quarters and by $16 million in the third quarter, according to a filing with the U.S. Securities and Exchange Commission filing Dec. 21.

Shell Midstream is a master limited partnership under the Netherlands-based…

Houston Biz Journal
Shell Midstream sets aside cash for growth