Boardwalk Pipeline Partners LP (BWP) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.34. The company posted revenue of $345.00 million in the period, compared to analysts expectations of $333.39 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on Boardwalk Pipeline Partners LP. Boardwalk Pipeline Partners LP was Initiated by Drexel Hamilton to “Buy” on Apr 7, 2016.
Boardwalk Pipeline Partners LP opened for trading at $16.3 and hit $16.5 on the upside on Wednesday, eventually ending the session at $16.41, with a gain of 1.48% or 0.24 points. The heightened volatility saw the trading volume jump to 4,46,924 shares. Company has a market cap of $4,107 M.
In a different news, on Aug 26, 2015, Kenneth I Siegel (director) purchased 20,000 shares at $12.91 per share price. According to the SEC, on Aug 10, 2015, Stanley C Horton (CEO) purchased 2,000 shares at $13.44 per share price.
Boardwalk Pipeline Partners LP is a limited partnership company. The Company’s business is conducted by its primary subsidiary Boardwalk Pipelines LP (Boardwalk Pipelines) and its subsidiaries Gulf Crossing Pipeline Company LLC Gulf South Pipeline Company LP Texas Gas Transmission LLC Boardwalk Field Services LLC Petal Gas Storage L.L.C Boardwalk Louisiana Midstream LLC and Boardwalk Storage Company LLC. The Company’s business includes integrated natural gas and natural gas liquids (NGLs) pipeline and storage systems and natural gas gathering and processing. The Company’s pipeline systems originate in the Gulf Coast region Oklahoma and Arkansas and extend north and east to the Midwestern states of Tennessee Kentucky Illinois Indiana and Ohio. It serves a mix of customers including producers of natural gas local distribution companies (LDCs) marketers electric power generators industrial users and interstate and intrastate pipelines.