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Analyzing Cash Flows of Master Limited Partnerships

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BPL77.09  chart-0.05
BWP15.60  chart0.00
EPB0.00  chartN/A
EPD34.86  chart-0.06
ETP60.38  chart-0.75
KMI42.43  chart+0.16
MMP79.48  chart-1.19
NGLS49.50  chart+1.32
RGP24.90  chart-0.03
PAA51.58  chart+0.07
SPH45.75  chart+0.59
WPZ43.39  chart-0.25
NLY10.65  chart-0.02
AGNC21.91  chart-0.15
2015-01-27 16:00

BWP - A Closer Look at Boardwalk Pipeline Partners’ Distributable Cash Flow as of 2Q 2014

Author: Ron Hiram

Published: August 25, 2014

Summary:

The 2014 DCF forecast is likely to be met or exceeded. The leverage target (4x debt to EBITDA) is unlikely to be reached by year-end. Operating income and EBITDA trends in recent quarters and TTM period are not encouraging. Valuation multiple lower than peers, but so […]

A Closer Look at Boardwalk Pipeline Partners’ Distributable Cash Flow as of 3Q 2013

Author: Ron Hiram

Published: October 31, 2013

Boardwalk Pipeline Partners, LP (BWP) announced results for the quarter ended 9/30/13 on October 28, 2013. Revenues, operating income, net income and earnings before interest, depreciation & amortization and income tax expenses (“EBITDA”) for 3Q13, 3Q12 and the trailing 12 months (“TTM”) ending 9/30/13 and 9/30/12 are […]

BWP - A Closer Look at Boardwalk Pipeline Partners’ Distributable Cash Flow as of 2Q 2013

 

Author: Ron Hiram

Published: August 1, 2013

Boardwalk Pipeline Partners, LP (BWP) announced results for the quarter ended 6/30/13 on July 29, 2013. Revenues, operating income, net income and earnings before interest, depreciation & amortization and income tax expenses (“EBITDA”) for 2Q13, 2Q12 and the trailing 12 months (“TTM”) ending 6/30/13 and 6/30/12 […]

BWP: A Closer Look at Boardwalk Pipeline Partners’ Distributable Cash Flow as of 1Q 2013

Author: Ron Hiram

Published: May 6, 2013

Boardwalk Pipeline Partners, LP (BWP) provided its 10-Q report for the quarter ended 3/31/13 on April 29, 2013. Revenues, operating income, net income and earnings before interest, depreciation & amortization and income tax expenses (“EBITDA”) for 1Q13, 1Q12 and the trailing 12 months (“TTM”) ending 3/31/13 and […]

BWP: A Closer Look at Boardwalk Pipeline Partners’ Distributable Cash Flow as of 4Q 2012

 

Author: Ron Hiram

Published: March 26, 2013

On February 20, 2013, Boardwalk Pipeline Partners, LP (BWP) provided its 2012 annual report on Form 10-K. Revenues, operating income, net income and earnings before interest, depreciation & amortization and income tax expenses (“EBITDA”) for 4Q12, 2012 and prior periods are summarized in Table 1:

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