Boardwalk Pipeline Partners LP BWP reported a 12% rise in its first-quarter earnings.
Boardwalk Pipeline's quarterly profit climbed to $92.6 million, or 43 cents a unit, versus $83 million, or 42 cents a unit, in the year –ago period. Its revenue rose 0.6% to $312.9 million.
Analysts were expecting earnings of 43 cents per unit on revenue of $319 million. Its operating margin climbed to 42.7% from 42%.
Boardwalk Pipeline shares closed at $27.49 on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in