Last $17.00 USD
Change Today +0.33 / 1.98%
Volume 721.0K
BWP On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

boardwalk pipeline partners (BWP) Snapshot

Open
$16.69
Previous Close
$16.67
Day High
$17.00
Day Low
$16.40
52 Week High
11/27/13 - $26.66
52 Week Low
03/14/14 - $11.99
Market Cap
4.1B
Average Volume 10 Days
971.8K
EPS TTM
$1.05
Shares Outstanding
243.2M
EX-Date
11/10/14
P/E TM
16.1x
Dividend
$0.40
Dividend Yield
2.35%
Current Stock Chart for BOARDWALK PIPELINE PARTNERS (BWP)

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boardwalk pipeline partners (BWP) Details

Boardwalk Pipeline Partners, LP, through its subsidiaries, provides transportation, storage, gathering, and processing services for natural gas and natural gas liquids (NGLs). The company operates interstate natural gas and NGLs pipeline systems, including integrated storage facilities. Its pipeline systems contain approximately 14,195 miles of interconnected natural gas pipelines, directly serving customers in 13 states and indirectly serving customers throughout the northeastern and southeastern U.S. through various interconnections with unaffiliated pipelines. The company also owns approximately 255 miles of NGLs pipelines serving customers in Louisiana. In addition, it has underground storage caverns having aggregate capacity of approximately 207.0 billion cubic feet of working natural gas and 17.6 million barrels of NGLs. The company serves customers, including producers of natural gas, local distribution companies, marketers, electric power generators, industrial users, and interstate and intrastate pipelines. The company is headquartered in Houston, Texas. Boardwalk Pipeline Partners, LP is a subsidiary of Boardwalk Pipelines Holding Corp.

1,200 Employees
Last Reported Date: 02/24/14

boardwalk pipeline partners (BWP) Top Compensated Officers

Chief Executive Officer of Boardwalk GP LLC, ...
Total Annual Compensation: $1.6M
Chief Financial & Administrative Officer of B...
Total Annual Compensation: $825.0K
Senior Vice President of Boardwalk GP LLC, Se...
Total Annual Compensation: $698.3K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $805.0K
Compensation as of Fiscal Year 2013.

boardwalk pipeline partners (BWP) Key Developments

Boardwalk Pipeline Partners Declares Quarterly Cash Dividend, Payable on November 20, 2014

Boardwalk Pipeline Partners will be paying a quarterly cash distribution of $0.10 per common unit on November 20 to unit holders of record as of November 13.

Boardwalk Pipeline Partners, LP Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditure Guidance for 2014

Boardwalk Pipeline Partners, LP reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total operating revenues of $278.9 million against $275.5 million a year ago. Operating income was $68.5 million against $103.2 million a year ago. Income before income taxes was $28.5 million against $61.7 million a year ago. Net income was $28.4 million or $0.27 diluted net income per unit against $61.7 million or $0.12 diluted net income per unit a year ago. Net income attributable to controlling interests was $29.2 million against $62.3 million a year ago. Adjusted EBITDA was $141.4 million compared to $171.9 million a year ago. Distributable cash flow was $56.8 million compared to $116.1 million a year ago. Compared with the third quarter of 2013, the partnership's results were negatively impacted by the effects of continued unfavorable market conditions on its storage and parking and lending revenues. For the nine months, the company reported total operating revenues of $929.2 million against $892.7 million a year ago. Operating income was $317.6 million against $356.0 million a year ago. Income before income taxes was $110.3 million against $233.8 million a year ago. Net income was $109.9 million or $0.79 diluted net income per unit against $233.5 million or $0.90 diluted net income per unit a year ago. Net income attributable to controlling interests was $196.8 million against $234.2 million a year ago. Growth capital expenditures were $237.3 million and maintenance capital expenditures were $63.9 million for the nine months ended September 30, 2014. Adjusted EBITDA was $528.9 million compared to $559.1 million a year ago. Distributable cash flow was $342.7 million compared to $419.7 million a year ago. Excluding the effects of a $29.2 million gain on the sale of assets in 2013 and a $10.0 million charge in the first quarter of 2014 related to the Bluegrass Project, Adjusted EBITDA on a year-to-date basis was favorable primarily from the cold winter weather experienced in the first half of the year. Compared with the third quarter and year-to-date periods of 2013, distributable cash flow was unfavorably impacted by higher maintenance capital expenditures and storage base gas purchased for the Partnership's pipeline systems. The company invested $237 million in growth projects this year, and plan to invest approximately $300 million in total for the year.

Boardwalk Pipeline Partners, LP to Report Q3, 2014 Results on Nov 03, 2014

Boardwalk Pipeline Partners, LP announced that they will report Q3, 2014 results at 9:00 AM, US Eastern Standard Time on Nov 03, 2014

 

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BWP Competitors

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Industry Analysis

BWP

Industry Average

Valuation BWP Industry Range
Price/Earnings 19.1x
Price/Sales 3.3x
Price/Book 1.0x
Price/Cash Flow 8.2x
TEV/Sales 0.4x
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