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Analyzing Cash Flows of Master Limited Partnerships

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BPL79.75  chart+0.62
BWP16.75  chart+0.05
EPD33.84  chart+0.30
ETP55.67  chart+0.50
KMI44.34  chart-0.23
MMP82.31  chart+0.61
NGLS44.91  chart-0.34
RGP22.89  chart+0.28
PAA51.11  chart-0.08
SPH44.21  chart+0.24
WPZ50.30  chart-0.08
NLY10.25  chart-0.01
AGNC21.58  chart-0.02
2015-04-24 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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