Boardwalk Pipeline Partners (BWP) Tops Q1 EPS by 6c

Boardwalk Pipeline Partners (NYSE: BWP) reported Q1 EPS of $0.47, $0.06 better than the analyst estimate of $0.41. Revenue for the quarter came in at $367 million versus the consensus estimate of $356.14 million.

The Partnership also announced its results for the first quarter ended March 31, 2017, which included the following items:

• Operating revenues of $367.0 million, a 6% increase from $345.0 million in the comparable 2016 period. Operating revenues, less fuel and transportation expense, were $347.8 million, a 7% increase from $324.7 million in the comparable 2016 period;
• Net income of $119.3 million, an 18% increase from $101.0 million in the comparable 2016 period;
• Earnings before interest, taxes, depreciation and amortization (EBITDA) of $246.2 million, an 11% increase from $222.7 million in the comparable 2016 period; and
• Distributable cash flow of $176.1 million, a 10% increase from $160.1 million in the comparable 2016 period.

For earnings history and earnings-related data on Boardwalk Pipeline Partners (BWP) click here.

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