Last $15.72 USD
Change Today +0.68 / 4.52%
Volume 6.5M
BWP On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

boardwalk pipeline partners (BWP) Snapshot

Open
$15.50
Previous Close
$15.04
Day High
$16.26
Day Low
$15.50
52 Week High
07/15/13 - $33.00
52 Week Low
03/14/14 - $11.99
Market Cap
4.2B
Average Volume 10 Days
2.2M
EPS TTM
$1.05
Shares Outstanding
243.2M
EX-Date
02/18/14
P/E TM
14.9x
Dividend
$0.40
Dividend Yield
10.79%
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, LP(NYSE:BWP) dropped from Alerian MLP Index

Boardwalk Pipeline Partners, LP will be removed from the Alerian MLP Index.

Boardwalk Pipeline Cuts Quarterly Distribution Payable on Feb. 27, 2014

Boardwalk Pipeline announced that cut its quarterly distribution to 10 cents per unit from 53.25 cents per unit. The distribution will be paid on Feb. 27 to unit holders of record on Feb. 20, 2014.

Boardwalk Pipeline Partners, LP Declares Quarterly Cash Distribution, Payable on February 27, 2014; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2013

Boardwalk Pipeline Partners, LP announced that it has declared a quarterly cash distribution per common unit of $0.10 ($0.40 annualized) payable on February 27, 2014, to unit holders of record as of February 20, 2014. The company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported total operating revenues of $312.9 million against $325.7 million a year ago. Operating income was $58.5 million against $130.2 million a year ago. Income before income taxes was $16.9 million against $90.2 million a year ago. Net income was $16.7 million or $0.08 per basic share against $90.1 million or $0.38 per basic share a year ago. Distributable cash flow was $138.9 million against $142.7 million for the quarter ended December 31, 2012. Adjusted EBITDA was $129.6 million against $197.8 million a year ago. Maintenance capital expenditures were $32.8 million against $28.5 million a year ago. For the year, the company reported total operating revenues of $1,205.6 million against $1,185.0 million a year ago. Operating income was $414.5 million against $473.8 million a year ago. Income before income taxes was $250.7 million against $306.5 million a year ago. Net income was $250.2 million or $1.00 per basic share against $306.0 million or $1.37 per basic share a year ago. Distributable cash flow was $558.6 million compared to $497.4 million in the comparable period 2012. Maintenance capital expenditures were $69.7 million against $79.8 million a year ago. Adjusted EBITDA was $688.7 million against $726.5 million a year ago. Operating results for the year were impacted by the revenue and expense factors, as well as a $29.9 million gain recognized on the sale of storage gas and the operating results of Boardwalk Louisiana Midstream (BLM), which was acquired on October 1, 2012. Growth capital expenditures were $236.1 million. For the year 2014, the company expects net income attributable to controlling interests of $210.0 million, depreciation and amortization of $280.0 million, interest expense, and net of $160.0 million, adjusted EBITDA of $650.0 million, maintenance capital expenditures of $90.0 million and distributable cash flow of $400.0 million. For the quarter ended December 31, 2013, the company reported asset impairment of $2.9 million and goodwill impairment of $51.5 million respectively.

 

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Industry Analysis

BWP

Industry Average

Valuation BWP Industry Range
Price/Earnings 16.8x
Price/Sales 3.2x
Price/Book 1.0x
Price/Cash Flow 7.3x
TEV/Sales 0.2x
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