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10-Q Filing

BOARDWALK PIPELINE PARTNERS, LP CIK: 1336047 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001336047-23-000011
Period End Date 20230331
Filing Date 20230501
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance bwp-20230331_htm.xml
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $335.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $215.60M USD Point-in-time
Trade, net AccountsReceivableNetCurrent $148.40M USD Point-in-time
Trade, net AccountsReceivableNetCurrent $134.20M USD Point-in-time
Other OtherReceivables $24.10M USD Point-in-time
Other OtherReceivables $25.40M USD Point-in-time
Gas transportation receivables GasImbalanceAssetLiability $9.00M USD Point-in-time
Gas transportation receivables GasImbalanceAssetLiability $22.00M USD Point-in-time
Gas stored underground EnergyRelatedInventoryGasStoredUnderground $41.60M USD Point-in-time
Gas stored underground EnergyRelatedInventoryGasStoredUnderground $1.80M USD Point-in-time
Other current assets OtherAssetsCurrent $23.90M USD Point-in-time
Other current assets OtherAssetsCurrent $32.40M USD Point-in-time
Total current assets AssetsCurrent $528.50M USD Point-in-time
Total current assets AssetsCurrent $485.40M USD Point-in-time
Natural gas transmission and other plant PropertyPlantAndEquipmentOther $12.77B USD Point-in-time
Natural gas transmission and other plant PropertyPlantAndEquipmentOther $12.62B USD Point-in-time
Construction work in progress ConstructionInProgressGross $187.60M USD Point-in-time
Construction work in progress ConstructionInProgressGross $158.50M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $12.92B USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $12.80B USD Point-in-time
Lessaccumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.38B USD Point-in-time
Lessaccumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.29B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.54B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.52B USD Point-in-time
Goodwill Goodwill $237.40M USD Point-in-time
Goodwill Goodwill $237.40M USD Point-in-time
Gas stored underground InventoryGasInStorageUndergroundNoncurrent $98.30M USD Point-in-time
Gas stored underground InventoryGasInStorageUndergroundNoncurrent $153.50M USD Point-in-time
Other MiscellaneousOtherAssetsNoncurrent $177.60M USD Point-in-time
Other MiscellaneousOtherAssetsNoncurrent $176.30M USD Point-in-time
Total other assets OtherAssetsNoncurrent $568.50M USD Point-in-time
Total other assets OtherAssetsNoncurrent $512.00M USD Point-in-time
Total Assets Assets $9.59B USD Point-in-time
Total Assets Assets $9.57B USD Point-in-time
Trade AccountsPayableTradeCurrent $70.70M USD Point-in-time
Trade AccountsPayableTradeCurrent $47.10M USD Point-in-time
Affiliates AccountsPayableRelatedPartiesCurrent $2.80M USD Point-in-time
Affiliates AccountsPayableRelatedPartiesCurrent $2.60M USD Point-in-time
Other AccountsPayableOtherCurrent $17.40M USD Point-in-time
Other AccountsPayableOtherCurrent $21.50M USD Point-in-time
Gas transportation payables GasImbalancePayableCurrent $6.40M USD Point-in-time
Gas transportation payables GasImbalancePayableCurrent $41.20M USD Point-in-time
Accrued taxes, other AccrualForTaxesOtherThanIncomeTaxesCurrent $62.80M USD Point-in-time
Accrued taxes, other AccrualForTaxesOtherThanIncomeTaxesCurrent $35.80M USD Point-in-time
Accrued interest InterestPayableCurrent $39.40M USD Point-in-time
Accrued interest InterestPayableCurrent $33.90M USD Point-in-time
Accrued payroll and employee benefits EmployeeRelatedLiabilitiesCurrent $38.30M USD Point-in-time
Accrued payroll and employee benefits EmployeeRelatedLiabilitiesCurrent $22.50M USD Point-in-time
Regulatory liabilities RegulatoryLiabilityCurrent $55.10M USD Point-in-time
Regulatory liabilities RegulatoryLiabilityCurrent $21.40M USD Point-in-time
Asset retirement obligations AssetRetirementObligationCurrent $17.30M USD Point-in-time
Asset retirement obligations AssetRetirementObligationCurrent $16.90M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $33.40M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $40.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $372.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $253.90M USD Point-in-time
Long-term debt and finance lease obligation LongTermDebtAndCapitalLeaseObligations $3.23B USD Point-in-time
Long-term debt and finance lease obligation LongTermDebtAndCapitalLeaseObligations $3.23B USD Point-in-time
Pension liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $8.70M USD Point-in-time
Pension liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $8.80M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $62.70M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $53.90M USD Point-in-time
Provision for other asset retirement ProvisionForOtherAssetRetirement $93.20M USD Point-in-time
Provision for other asset retirement ProvisionForOtherAssetRetirement $94.90M USD Point-in-time
Other OtherLiabilitiesNoncurrent $105.70M USD Point-in-time
Other OtherLiabilitiesNoncurrent $109.10M USD Point-in-time
Total other liabilities and deferred credits LiabilitiesOtherThanLongtermDebtNoncurrent $275.40M USD Point-in-time
Total other liabilities and deferred credits LiabilitiesOtherThanLongtermDebtNoncurrent $261.60M USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Partners' capital GeneralandLimitedPartnersCapitalAccount $5.90B USD Point-in-time
Partners' capital GeneralandLimitedPartnersCapitalAccount $5.78B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-78.90M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-79.50M USD Point-in-time
Total partners' capital PartnersCapital $5.82B USD Point-in-time
Total partners' capital PartnersCapital $5.59B USD Point-in-time
Total partners' capital PartnersCapital $5.70B USD Point-in-time
Total partners' capital PartnersCapital $5.47B USD Point-in-time
Total Liabilities and Partners' Capital LiabilitiesAndStockholdersEquity $9.57B USD Point-in-time
Total Liabilities and Partners' Capital LiabilitiesAndStockholdersEquity $9.59B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Transportation TransportationRevenue $325.60M USD 1 Quarter
Transportation TransportationRevenue $343.30M USD 1 Quarter
Storage, parking and lending StorageParkingAndLendingRevenue $32.70M USD 1 Quarter
Storage, parking and lending StorageParkingAndLendingRevenue $29.10M USD 1 Quarter
Other OtherRevenue $18.30M USD 1 Quarter
Other OtherRevenue $23.20M USD 1 Quarter
Total operating revenues Revenues $377.90M USD 1 Quarter
Total operating revenues Revenues $394.30M USD 1 Quarter
Fuel and transportation FuelandTransportation $5.30M USD 1 Quarter
Fuel and transportation FuelandTransportation $8.00M USD 1 Quarter
Operation and maintenance UtilitiesOperatingExpenseMaintenanceAndOperations $57.30M USD 1 Quarter
Operation and maintenance UtilitiesOperatingExpenseMaintenanceAndOperations $46.90M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $37.50M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $42.30M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $93.20M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $99.80M USD 1 Quarter
Taxes other than income taxes TaxesExcludingIncomeAndExciseTaxes $30.40M USD 1 Quarter
Taxes other than income taxes TaxesExcludingIncomeAndExciseTaxes $29.90M USD 1 Quarter
Total operating costs and expenses OperatingExpenses $212.80M USD 1 Quarter
Total operating costs and expenses OperatingExpenses $237.80M USD 1 Quarter
Operating income OperatingIncomeLoss $165.10M USD 1 Quarter
Operating income OperatingIncomeLoss $156.50M USD 1 Quarter
Interest expense InterestExpense $42.50M USD 1 Quarter
Interest expense InterestExpense $38.90M USD 1 Quarter
Interest income InvestmentIncomeInterest - USD 1 Quarter
Interest income InvestmentIncomeInterest $1.70M USD 1 Quarter
Miscellaneous other income, net OtherNonoperatingIncomeExpense - USD 1 Quarter
Miscellaneous other income, net OtherNonoperatingIncomeExpense $2.80M USD 1 Quarter
Total other deductions NonoperatingIncomeExpense $-39.70M USD 1 Quarter
Total other deductions NonoperatingIncomeExpense $-37.20M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $125.40M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $119.30M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $300.00K USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $200.00K USD 1 Quarter
Net income NetIncomeLoss $125.20M USD 1 Quarter
Net income NetIncomeLoss $119.00M USD 1 Quarter
Cash Flow Statement 54 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $125.20M USD 1 Quarter
Net income NetIncomeLoss $119.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $93.20M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $99.80M USD 1 Quarter
Amortization of deferred costs and other Amortizationofdeferredcostsandother $7.90M USD 1 Quarter
Amortization of deferred costs and other Amortizationofdeferredcostsandother $300.00K USD 1 Quarter
Trade and other receivables IncreaseDecreaseInAccountsAndOtherReceivables $-6.00M USD 1 Quarter
Trade and other receivables IncreaseDecreaseInAccountsAndOtherReceivables $-15.50M USD 1 Quarter
Gas transportation receivables and storage assets IncreaseDecreaseInGasImbalanceReceivable $-56.80M USD 1 Quarter
Gas transportation receivables and storage assets IncreaseDecreaseInGasImbalanceReceivable $-2.20M USD 1 Quarter
Prepayments and other assets IncreaseDecreaseInOtherOperatingAssets $-10.30M USD 1 Quarter
Prepayments and other assets IncreaseDecreaseInOtherOperatingAssets $-4.80M USD 1 Quarter
Trade and other payables IncreaseDecreaseInAccountsPayable $900.00K USD 1 Quarter
Trade and other payables IncreaseDecreaseInAccountsPayable $-5.20M USD 1 Quarter
Other payables, affiliates IncreaseDecreaseInAccountsPayableAffiliates $100.00K USD 1 Quarter
Other payables, affiliates IncreaseDecreaseInAccountsPayableAffiliates $-200.00K USD 1 Quarter
Gas transportation payables IncreaseDecreaseInBalancingAccountUtility $5.00M USD 1 Quarter
Gas transportation payables IncreaseDecreaseInBalancingAccountUtility $34.60M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-30.70M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-37.60M USD 1 Quarter
Regulatory assets and liabilities IncreaseDecreaseInRegulatoryAssetsAndLiabilities $1.80M USD 1 Quarter
Regulatory assets and liabilities IncreaseDecreaseInRegulatoryAssetsAndLiabilities $34.10M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $6.20M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $8.10M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $201.10M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $206.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $86.10M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $60.10M USD 1 Quarter
Proceeds from sale of operating assets ProceedsFromSaleOfProductiveAssets $100.00K USD 1 Quarter
Proceeds from sale of operating assets ProceedsFromSaleOfProductiveAssets $700.00K USD 1 Quarter
Advances to affiliates PaymentsForProceedsFromOtherInvestingActivities $2.70M USD 1 Quarter
Advances to affiliates PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-62.10M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-86.00M USD 1 Quarter
Proceeds from long-term debt, net of issuance cost ProceedsFromIssuanceOfUnsecuredDebt - USD 1 Quarter
Proceeds from long-term debt, net of issuance cost ProceedsFromIssuanceOfUnsecuredDebt $495.00M USD 1 Quarter
Repayment of borrowings from long-term debt RepaymentsOfUnsecuredDebt $300.00M USD 1 Quarter
Repayment of borrowings from long-term debt RepaymentsOfUnsecuredDebt - USD 1 Quarter
Principal payment of finance lease obligation FinanceLeasePrincipalPayments $200.00K USD 1 Quarter
Principal payment of finance lease obligation FinanceLeasePrincipalPayments $200.00K USD 1 Quarter
Advances from affiliates ProceedsFromPaymentsForOtherFinancingActivities $100.00K USD 1 Quarter
Advances from affiliates ProceedsFromPaymentsForOtherFinancingActivities $2.70M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $197.50M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-100.00K USD 1 Quarter
Increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $336.50M USD 1 Quarter
Increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $119.90M USD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $215.60M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $375.60M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $39.10M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $335.50M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $215.60M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $375.60M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $39.10M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $335.50M USD Point-in-time
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Beginning balance PartnersCapital $5.82B USD Point-in-time
Beginning balance PartnersCapital $5.59B USD Point-in-time
Beginning balance PartnersCapital $5.70B USD Point-in-time
Beginning balance PartnersCapital $5.47B USD Point-in-time
Net income NetIncomeLoss $125.20M USD 1 Quarter
Net income NetIncomeLoss $119.00M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $500.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $600.00K USD 1 Quarter
Ending balance PartnersCapital $5.82B USD Point-in-time
Ending balance PartnersCapital $5.59B USD Point-in-time
Ending balance PartnersCapital $5.70B USD Point-in-time
Ending balance PartnersCapital $5.47B USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $125.20M USD 1 Quarter
Net income NetIncomeLoss $119.00M USD 1 Quarter
Reclassification adjustment transferred to Net income from cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax - USD 1 Quarter
Reclassification adjustment transferred to Net income from cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-400.00K USD 1 Quarter
Pension and other postretirement benefit costs, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-600.00K USD 1 Quarter
Pension and other postretirement benefit costs, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-100.00K USD 1 Quarter
Total Comprehensive Income ComprehensiveIncomeNetOfTax $119.60M USD 1 Quarter
Total Comprehensive Income ComprehensiveIncomeNetOfTax $125.70M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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