Boardwalk Pipeline Partners, LP Earnings Climb 30% In Q1

(RTTNews) - Boardwalk Pipeline Partners, LP (BWP) announced a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $101.0 million, or $0.40 per share. This was up from $77.7 million, or $0.31 per share, in last year's first quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.6% to $345.0 million. This was up from $329.7 million last year.

Boardwalk Pipeline Partners, LP earnings at a glance:

-Earnings (Q1): $101.0 Mln. vs. $77.7 Mln. last year. -Earnings Growth (Y-o-Y): 30.0% -EPS (Q1): $0.40 vs. $0.31 last year. -EPS Growth (Y-o-Y): 29.0% -Analysts Estimate: $0.35 -Revenue (Q1): $345.0 Mln vs. $329.7 Mln last year. -Revenue Change (Y-o-Y): 4.6%