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Analyzing Cash Flows of Master Limited Partnerships

Stock Quotes

BPL72.90  chart-0.16
BWP17.50  chart+0.10
EPD27.685  chart-0.045
ETP35.90  chart-0.48
KMI17.825  chart-0.015
MMP70.66  chart-0.02
NGLSN/A  chartN/A
RGP23  chart+0
PAA22.94  chart-0.22
SPH33.865  chart+0.325
WPZ32.17  chart+0.50
NLY10.765  chart+0.085
AGNC19.02  chart-0.09
2016-05-26 10:13

BWP - A Closer Look At Boardwalk Pipeline Partners' 2Q15 Distributable Cash Flow

 

 

 

Author: Ron Hiram

Published: August 30, 2015

Summary:

Operating income and EBITDA trends in recent quarters and TTM period are not encouraging; but there are some positive signals from the gas transportation business. Coverage is not an issue given that distributions were cut so drastically. Leverage remains high. Valuation multiple lower […]

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 […]