Boardwalk Pipeline Partners, LP (NYSE:BWP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Boardwalk Pipeline Partners, LP Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 6.67% to $0.42 in the quarter versus EPS of $0.45 in the year-earlier quarter.
Revenue: Rose 4.99% to $328.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Boardwalk Pipeline Partners, LP reported adjusted EPS income of $0.42 per share. By that measure, the company beat the mean analyst estimate of $0.39. It missed the average revenue estimate of $334.13 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…