Boardwalk Pipeline Partners, LP, (BWP) reported fourth-quarter net income to controlling interests of $36.8 million or $0.15 per unit, compared to $19.5 million or $0.08 per unit, prior year.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit per unit of $0.18 for the quarter. Analysts' estimates typically exclude special items.
Revenue decreased to $304.6 million from $312.9 million last year. Analysts expected revenue of $288.12 million for the quarter.
Boardwalk Pipeline Partners, LP, also announced that it has declared a quarterly cash distribution per common unit of $0.10, payable on February 26, 2015, to unitholders of record as of February 19, 2015.
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