Boardwalk Pipeline Partners Earnings: Everything You Must Know Now

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.

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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)…

Revenue increased 0.86% from $325.7 million in the previous quarter. EPS increased 5% from $0.40 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.33 to a profit $0.30. For the current year, the average estimate has moved down from a profit of $1.47 to a profit of $1.34 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)