Boardwalk Pipeline Partners LP posts figures for second quarter 2008

Jul 29, 2008 (M2 EQUITYBITES via COMTEX) -- BWP | Quote | Chart | News | PowerRating -- Boardwalk Pipeline Partners LP (NYSE:BWP), which is engaged in the interstate transportation and storage of natural gas through its subsidiaries, declared on 28 July its financial results for the second quarter ended 30 June 2008.

The company recorded net income of USD64.7m for the quarter and USD152.8m for the six months ended 30 June 2008. This represents an improvement of 83% and 32% from USD35.4m and USD115.7m, respectively, recorded in the comparable periods in 2007.

Boardwalk generated operating revenues of USD190.3m for the quarter and USD387.6m for the six months ended 30 June 2008, a rise of 26% and 14% from USD150.5m and USD338.7m, respectively, for the same periods a year ago.

The company declared earnings before interest, taxes, depreciation and amortisation (EBITDA) of USD112.6m for the quarter and USD246.4m for the six months ended 30 June 2008. This is up 75% and 39% from USD64.4m and USD177.0m, respectively, recorded in 2007.

Comments on this story may be sent to admin@m2.com

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index