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Last $13.92 USD
Change Today -0.24 / -1.69%
Volume 467.6K
BWP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

boardwalk pipeline partners (BWP) Snapshot

Open
$14.14
Previous Close
$14.16
Day High
$14.17
Day Low
$13.76
52 Week High
08/21/14 - $20.51
52 Week Low
07/27/15 - $13.12
Market Cap
3.5B
Average Volume 10 Days
523.6K
EPS TTM
$0.83
Shares Outstanding
250.3M
EX-Date
05/12/15
P/E TM
16.8x
Dividend
$0.40
Dividend Yield
2.87%
Current Stock Chart for BOARDWALK PIPELINE PARTNERS (BWP)

boardwalk pipeline partners (BWP) Related Businessweek News

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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 14,190 miles of interconnected natural gas pipelines, directly serving customers in 13 states and indirectly serving customers throughout the northeastern and southeastern United States through various interconnections with unaffiliated pipelines. The company also owns approximately 435 miles of NGLs pipelines serving customers in Louisiana and Texas. In addition, it has underground storage caverns having aggregate capacity of approximately 208.0 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.

1,230 Employees
Last Reported Date: 02/20/15

boardwalk pipeline partners (BWP) Top Compensated Officers

Chief Executive Officer of Boardwalk GP LLC, ...
Total Annual Compensation: $1.4M
Chief Finance & Administrative Officer of Boa...
Total Annual Compensation: $710.0K
Senior Vice President of Boardwalk GP LLC, Ge...
Total Annual Compensation: $660.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $710.0K
Compensation as of Fiscal Year 2014.

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 Alerian MLP Index.

Boardwalk Pipeline Partners, LP, Boardwalk Pipelines, LP, Texas Gas Transmission, LLC, Gulf South Pipeline Company, LP and Gulf Crossing Pipeline Company LLC Announces Amendments to Third Amended and Restated Revolving Credit Agreement

Boardwalk Pipeline Partners, LP and certain of its wholly-owned subsidiaries entered into a Third Amended and Restated Revolving Credit Agreement among the Partnership, as guarantor, Boardwalk Pipelines, LP, Texas Gas Transmission, LLC, Gulf South Pipeline Company, LP and Gulf Crossing Pipeline Company LLC, as borrowers (the "Borrowers"), and the several lenders and issuers party thereto, Wells Fargo Bank, N.A., as administrative agent, Citibank, N.A. and JPMorgan Chase Bank, N.A., as co-syndication agents and the other agents identified therein. Under the Amended Credit Agreement, the Lenders will provide the Borrowers certain revolving loans, swingline loans and letters of credit to be used for general partnership purposes, including repayment of indebtedness, acquisitions, capital expenditures and payment of distributions, in an aggregate amount of up to $1.5 billion. Each Borrower is subject to a separate sublimit for borrowings under this facility. The Partnership has guaranteed the obligations of the Borrowers under the Amended Credit Agreement. Maturity. The Amended Credit Agreement has a maturity date of May 26, 2020. Prepayments. The Borrowers are allowed to prepay all loans under the credit facility at any time without premium or penalty (other than customary breakage costs). Interest. Interest is determined, at the Partnership's election, by reference to the base rate which is the prime rate, the federal funds rate plus 0.50%, and the one month Eurodollar Rate plus 1.0%, plus an applicable margin, or the London Interbank Offered Rate plus an applicable margin. The applicable margin ranges from 0.00% to 0.75% per annum for loans bearing interest based on the base rate and ranges from 1.00% to 1.75% per annum for loans bearing interest based on the LIBOR Rate, in each case determined based on the individual Borrower's credit rating from time to time. The Amended Credit Agreement also provides for a quarterly commitment fee charged on the average daily unused amount of the revolving credit facility ranging from 0.1% to 0.275% per annum, determined based on the individual Borrower's credit rating from time to time. Conditions. The Borrowers' ability to borrow amounts under the revolving credit facility will be subject to the execution of customary documentation relating to the facility, including satisfaction of certain customary conditions precedent and compliance with terms and conditions included in the loan documents, including a post-closing obligation which requires the Partnership to repay its borrowings under its existing term loan of $175.0 million and terminate all related commitments.

Boardwalk Pipeline Partners, LP Presents at Mergermarket Energy Forum, May-19-2015 03:45 PM

Boardwalk Pipeline Partners, LP Presents at Mergermarket Energy Forum, May-19-2015 03:45 PM. Venue: Four Seasons Hotel, 1300 Lamar Street, Houston, TX 77010, United States. Speakers: Jonathan E. Nathanson, Senior Vice President of Corporate Development - Boardwalk GP LLC.

 

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Industry Analysis

BWP

Industry Average

Valuation BWP Industry Range
Price/Earnings 17.5x
Price/Sales 2.9x
Price/Book 0.8x
Price/Cash Flow 7.1x
TEV/Sales NM Not Meaningful
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