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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 4 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)
+ Total Revenue $2.26B $2.03B $1.62B $1.43B $1.34B
Revenue Growth % 11.4% 25.4% 13.0% 6.9% nan%
Operating Expenses $1.52B $1.37B $1.09B $932.80M $873.00M
+ Operating Income $740.90M $657.70M $526.20M $499.20M $467.10M
Operating Margin % 32.8% 32.4% 32.5% 34.9% 34.9%
Interest Expense $143.90M $162.10M $155.60M $165.90M $160.80M
Interest Income $16.90M $31.10M $12.10M $3.30M -
Other Income/Expense $4.60M $6.10M $4.10M $6.40M $9.40M
Income Before Tax $597.70M $512.00M $386.80M $343.00M $315.70M
Income Tax Expense $1.30M $1.10M $800.00K $800.00K $700.00K
+ Net Income $596.40M $510.90M $386.00M $342.20M $315.00M
Net Margin % 26.4% 25.2% 23.9% 23.9% 23.5%
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $117.90M $20.10M $215.60M $39.10M
Accounts Receivable $210.70M $204.60M $148.40M $126.20M
Other Current Assets $18.50M $4.50M $8.70M $7.10M
Total Current Assets $401.10M $288.70M $485.40M $259.30M
Property Plant & Equipment - - $8.52B $8.54B
Goodwill $237.40M $237.40M $237.40M $237.40M
Intangible Assets $68.70M - - -
Other Non-current Assets $565.60M $551.10M $568.50M $531.00M
Total Assets $9.78B $9.70B $9.57B $9.33B
Deferred Revenue $1.80M $3.50M - -
Other Current Liabilities $30.20M $60.30M $38.70M $21.40M
Total Current Liabilities $345.60M $362.30M $372.70M $259.70M
Long-term Debt $3.23B $3.26B $3.23B $3.33B
Other Non-current Liabilities - $119.10M $105.70M $112.80M
Total Liabilities & Equity $9.78B $9.70B $9.57B $9.33B
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)
Net Income $596.40M $510.90M $386.00M $342.20M $315.00M
Depreciation & Amortization $543.20M $424.80M $408.70M $392.30M $366.30M
Change in Payables $10.50M $11.90M $11.50M $15.60M $1.10M
Operating Cash Flow $1.78B $900.50M $817.40M $726.80M $629.30M
Capital Expenditure $496.40M $392.40M $382.40M $344.30M $349.20M
Acquisitions - - $355.00M - -
Investing Cash Flow $120.50M $-372.10M $-737.10M $-342.80M $-347.50M
Dividends Paid $700.00M $400.00M $300.00M $102.20M $102.20M
Financing Cash Flow $-1.31B $-430.60M $-275.80M $-207.50M $-245.60M
Net Change in Cash $599.00M $97.80M $-195.50M $176.50M $36.20M
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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