Boardwalk Pipeline Partners, LP Announces 63% Increase In Q2 Bottom Line

(RTTNews) - Boardwalk Pipeline Partners, LP (BWP) reported a profit for its second quarter that climbed from last year.

The company said its bottom line rose to $65.7 million, or $0.26 per share. This was up from $40.4 million, or $0.16 per share, in last year's second quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.6% to $306.3 million. This was up from $298.6 million last year.

Boardwalk Pipeline Partners, LP earnings at a glance:

-Earnings (Q2): $65.7 Mln. vs. $40.4 Mln. last year. -Earnings Growth (Y-o-Y): 62.6% -EPS (Q2): $0.26 vs. $0.16 last year. -EPS Growth (Y-o-Y): 62.5% -Analysts Estimate: $0.20 -Revenue (Q2): $306.3 Mln vs. $298.6 Mln last year. -Revenue Change (Y-o-Y): 2.6%