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BOARDWALK PIPELINE PARTNERS, LP

CIK: 1336047 SIC: 4922
$2.26B
Revenue
$596.40M
Net Income
-
Gross Margin
32.78%
Op. Margin
$1.29B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 16 of 16 annual reports available (2009 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
FY 2010
(Dec 31, 2010)
FY 2009
(Dec 31, 2009)
+ Total Revenue $2.26B $2.03B $1.62B $1.43B $1.34B $1.30B $1.30B $1.22B $1.32B $1.31B $1.25B $1.23B $1.21B $1.19B $1.14B $1.12B $909.20M
Revenue Growth % 11.4% 25.4% 13.0% 6.9% 3.3% 0.2% 5.8% -7.5% 1.2% 4.6% 1.2% 2.3% 1.7% 4.1% 2.0% 22.8% nan%
Cost of Revenue - - - - - - - - - - - $120.70M $93.40M $79.40M - - -
+ Gross Profit - - - - - - - - - - - $1.11B $1.11B $1.11B - - -
Gross Margin % nan% nan% nan% nan% nan% nan% nan% nan% nan% nan% nan% 90.2% 92.3% 93.3% nan% nan% nan%
Operating Expenses $1.52B $1.37B $1.09B $932.80M $873.00M $843.00M $821.50M $809.20M $856.10M $829.70M $853.40M $835.70M $791.10M $711.20M $746.10M $676.90M $614.70M
+ Operating Income $740.90M $657.70M $526.20M $499.20M $467.10M $454.60M $473.70M $414.50M $466.50M $477.50M $395.80M $398.10M $414.50M $473.80M $392.70M $439.90M $294.50M
Operating Margin % 32.8% 32.4% 32.5% 34.9% 34.9% 35.0% 36.6% 33.9% 35.3% 36.5% 31.7% 32.3% 34.4% 40.0% 34.5% 39.4% 32.4%
Interest Expense $143.90M $162.10M $155.60M $165.90M $160.80M $169.70M $178.70M $175.70M $171.00M $182.80M $176.40M $165.50M $163.40M $161.50M $151.30M $142.90M $-125.30M
Interest Income $16.90M $31.10M $12.10M $3.30M - - $300.00K $100.00K $400.00K $400.00K $400.00K $600.00K $500.00K $700.00K $400.00K $600.00K $-200.00K
Other Income/Expense $4.60M $6.10M $4.10M $6.40M $9.40M $5.90M $900.00K $2.00M $2.10M $7.70M $2.70M $500.00K $300.00K $400.00K $900.00K $400.00K $-400.00K
Income Before Tax $597.70M $512.00M $386.80M $343.00M $315.70M $290.80M $296.20M $240.90M $298.00M $302.80M $222.50M $147.20M $250.70M $306.50M $220.40M $289.90M $163.00M
Income Tax Expense $1.30M $1.10M $800.00K $800.00K $700.00K $300.00K $500.00K $600.00K $1.00M $600.00K $500.00K $400.00K $500.00K $500.00K $400.00K $500.00K $300.00K
+ Net Income $596.40M $510.90M $386.00M $342.20M $315.00M $290.50M $295.70M $240.30M $297.00M $302.20M $222.00M $233.60M $253.70M $306.00M $217.00M $289.40M $162.70M
Net Margin % 26.4% 25.2% 23.9% 23.9% 23.5% 22.4% 22.8% 19.6% 22.5% 23.1% 17.8% 18.9% 21.0% 25.8% 19.1% 25.9% 17.9%
Basic EPS nan nan nan nan nan nan nan nan nan nan nan nan nan 1.37 1.09 1.47 0.88
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
FY 2010
(Dec 31, 2010)
FY 2009
(Dec 31, 2009)
Cash & Cash Equivalents $117.90M $20.10M $215.60M $39.10M $2.90M $3.70M $3.60M $17.60M $4.60M $3.10M $6.60M $28.50M $3.90M $11.90M $55.00M $45.80M
Short-term Investments - - - - - - - - - - - - - - - -
Accounts Receivable $210.70M $204.60M $148.40M $126.20M $115.10M $117.20M $139.20M $116.80M $127.10M $117.20M $102.60M $103.50M $105.30M $98.00M $101.00M $95.50M
Other Current Assets $18.50M $4.50M $8.70M $7.10M $7.00M $3.70M $1.30M $600.00K $2.60M $4.00M $4.40M $6.10M $2.60M $1.80M $3.50M $10.00M
Total Current Assets $401.10M $288.70M $485.40M $259.30M $173.50M $167.70M $212.30M $180.60M $174.20M $169.80M $149.60M $177.10M $153.20M $162.80M $203.20M $190.90M
Property Plant & Equipment - - $8.52B $8.54B $8.55B $8.48B $8.39B $8.26B $7.99B $7.65B $7.59B $7.23B $7.19B $6.16B $6.26B $6.28B
Goodwill $237.40M $237.40M $237.40M $237.40M $237.40M $237.40M $237.40M $237.40M $237.40M $237.40M $237.40M $215.50M $270.80M $163.50M $163.50M $163.50M
Intangible Assets $68.70M - - - - - - - - - - - - - - -
Other Non-current Assets $565.60M $551.10M $568.50M $531.00M $506.60M $495.70M $450.60M $463.50M $139.20M $141.10M $144.20M $129.50M $124.70M $88.40M $111.80M $113.70M
Total Assets $9.78B $9.70B $9.57B $9.33B $9.23B $9.14B $9.05B $8.91B $8.64B $8.30B $8.21B $7.91B $7.86B $6.77B $6.88B $6.90B
Accounts Payable - - - - - - - - - - $51.70M $65.10M $69.80M $42.80M $48.80M $58.40M
Deferred Revenue $1.80M $3.50M - - $4.90M $2.20M $500.00K $1.90M $7.50M $6.90M $1.90M $9.30M $19.90M $9.40M $6.30M -
Other Current Liabilities $30.20M $60.30M $38.70M $21.40M $24.50M $28.30M $26.00M $22.30M $28.40M $46.40M $25.40M $27.80M $22.10M $17.50M $14.50M $19.80M
Total Current Liabilities $345.60M $362.30M $372.70M $259.70M $266.90M $269.50M $257.40M $280.40M $332.90M $314.40M $220.20M $236.00M $255.80M $192.00M $213.80M $250.90M
Long-term Debt $3.23B $3.26B $3.23B $3.33B $3.46B $3.57B $3.70B $3.69B $3.56B $3.46B $3.69B $3.42B $3.54B $3.20B $3.25B $3.10B
Other Non-current Liabilities - $119.10M $105.70M $112.80M $98.70M $95.60M $78.40M $65.00M $69.60M $64.30M $59.00M $60.70M $57.00M $60.20M $58.60M $63.50M
Total Stockholders Equity - - - - - - - - - - - - - $3.21B $3.24B $3.36B
Total Liabilities & Equity $9.78B $9.70B $9.57B $9.33B $9.23B $9.14B $9.05B $8.91B $8.64B $8.30B $8.21B $7.91B $7.86B $6.77B $6.88B -
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
FY 2010
(Dec 31, 2010)
FY 2009
(Dec 31, 2009)
Net Income $596.40M $510.90M $386.00M $342.20M $315.00M $290.50M $295.70M $240.30M $297.00M $302.20M $222.00M $233.60M $253.70M $306.00M $217.00M $289.40M $162.70M
Depreciation & Amortization $543.20M $424.80M $408.70M $392.30M $366.30M $358.80M $346.10M $344.70M $322.80M $317.80M $323.70M $288.70M $271.60M $252.30M $225.20M $217.90M $203.10M
Change in Payables $10.50M $11.90M $11.50M $15.60M $1.10M $-10.60M $2.90M $-200.00K $-14.00M $-20.00M $39.40M $-7.30M $-16.80M $8.30M $-5.10M $-27.40M $25.90M
Operating Cash Flow $1.78B $900.50M $817.40M $726.80M $629.30M $641.20M $662.00M $565.60M $637.00M $600.80M $576.40M - $534.30M $575.50M $453.40M $464.70M $400.50M
Capital Expenditure $496.40M $392.40M $382.40M $344.30M $349.20M $438.20M $429.00M $486.70M $708.40M $590.40M $374.50M $404.40M $294.80M $226.90M $141.70M $227.30M $-846.80M
Acquisitions - - $355.00M - - - - - - - - $294.70M - $620.20M $545.50M - -
Investing Cash Flow $120.50M $-372.10M $-737.10M $-342.80M $-347.50M $-434.40M $-423.30M $-485.80M $-644.60M $-590.20M $-367.50M - $-309.40M $-830.80M $-171.80M $-196.40M $-671.80M
Debt Repayment - - - - - - - - - - - $25.00M - $200.00M - - -
Dividends Paid $700.00M $400.00M $300.00M $102.20M $102.20M $102.20M $102.20M $102.20M $102.20M $102.20M $101.50M $99.20M $533.90M $478.90M $419.90M - -
Financing Cash Flow $-1.31B $-430.60M $-275.80M $-207.50M $-245.60M $-207.60M $-238.60M $-93.80M $20.60M $-9.10M $-212.40M - $-200.30M $237.30M $-324.70M $-259.10M $179.40M
Net Change in Cash $599.00M $97.80M $-195.50M $176.50M $36.20M $-800.00K $100.00K $-14.00M $13.00M $1.50M $-3.50M $-21.90M $24.60M $-18.00M $-43.10M $9.20M $-91.90M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $540.90M $473.50M $1.69B $1.46B
Operating Expenses $379.40M $330.00M $1.13B $981.40M
Operating Income $161.50M $143.50M $563.30M $480.10M
Interest Expense $39.50M $46.80M $118.80M $137.00M
Interest Income $4.00M $9.70M $8.00M $22.20M
Other Income/Expense $1.00M $400.00K $2.80M $4.30M
Income Before Tax $127.00M $106.80M $455.30M $369.60M
Income Tax Expense $200.00K $200.00K $1.00M $800.00K
Net Income $126.80M $106.60M $454.30M $368.80M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $466.70M $117.90M
Accounts Receivable $197.00M $210.70M
Other Current Assets $33.40M $18.50M
Total Current Assets $768.30M $401.10M
Goodwill $237.40M $237.40M
Other Non-current Assets $571.60M $565.60M
Total Assets $10.07B $9.78B
Other Current Liabilities $23.10M $30.20M
Total Current Liabilities $380.90M $345.60M
Long-term Debt $3.24B $3.23B
Total Liabilities & Equity $10.07B $9.78B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $126.80M $106.60M $454.30M $368.80M
Depreciation & Amortization $106.20M $105.70M $330.60M $317.70M
Change in Payables - - $-1.20M $-21.70M
Operating Cash Flow - - $795.00M $696.80M
Capital Expenditure - - $222.40M $291.90M
Investing Cash Flow - - $-221.60M $-888.20M
Dividends Paid - - $225.00M $150.00M
Financing Cash Flow - - $-224.60M $427.20M
Net Change in Cash - - $348.80M $235.80M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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