Key Developments: Boardwalk Pipeline Partners LP (BWP)

BWP on New York Consolidated

18.52USD
29 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Boardwalk Pipeline Partners LP enters into with Chevron Pipe Line Company to acquire Chevron Petrochemical Pipeline LLC
Wednesday, 3 Sep 2014 04:45pm EDT 

Boardwalk Pipeline Partners LP:Enters into definitive agreement with Chevron Pipe Line Company to acquire Chevron Petrochemical Pipeline LLC which owns Evangeline ethylene pipeline system (Evangeline) for $295 mln in cash.Acquisition is expected to close in fourth quarter of 2014, after which Evangeline will be operated by Boardwalk Louisiana Midstream (BLM), a subsidiary of Boardwalk.Deutsche Bank acted as exclusive financial advisor to Boardwalk on this transaction.  Full Article

Boardwalk Pipeline Partners LP declares quarterly cash distribution
Monday, 4 Aug 2014 06:00am EDT 

Boardwalk Pipeline Partners LP:Declared quarterly cash distribution per common unit of $0.10 ($0.40 annualized) payable on Aug. 21 to unitholders of record as of Aug. 14.  Full Article

Boardwalk Pipeline Partners LP declares quarterly cash distribution
Monday, 28 Apr 2014 06:00am EDT 

Boardwalk Pipeline Partners LP:Declares quarterly cash distribution per common unit of $0.10.Payable on May 15 to unitholders of record as of May 8.  Full Article

Boardwalk Pipeline Partners LP gives FY 2014 EBITDA outlook below analysts' estimates
Monday, 10 Feb 2014 06:00am EST 

Boardwalk Pipeline Partners LP:Sees FY 2014 Adjusted EBITDA to be $650 mln.FY 2014 EBITDA of $778 mln -Thomson Reuters I/B/E/S.  Full Article

Boardwalk Pipeline Partners LP announces quarterly distribution of $0.10 per unit
Sunday, 9 Feb 2014 09:00pm EST 

Boardwalk Pipeline Partners LP:Declared a quarterly cash distribution per common unit of $0.10 ($0.40 annualized).Says the dividend is to be paid on Feb 27 to unitholders of record as of Feb 20.  Full Article

Boardwalk Pipeline Partners LP Announces Quarterly Distribution of $0.5325 Per Unit
Monday, 28 Oct 2013 06:00am EDT 

Boardwalk Pipeline Partners LP announced that it has declared a quarterly cash distribution per common unit of $0.5325 ($2.13 annualized) payable on November 14, 2013, to unitholders of record as of November 7, 2013.  Full Article

Williams Companies Inc Sign Joint Venture Agreements For Proposed LPG Export Terminal
Tuesday, 1 Oct 2013 04:25pm EDT 

Williams Companies Inc and Boardwalk Pipeline Partners LP announced that they have executed joint venture agreements to continue developing a liquefied petroleum gas (LPG) export facility in the Lake Charles, La. area. The proposed Moss Lake LPG Terminal would be located on the Calcasieu River and serve tanker ships transporting LPG to Asian, Latin American and European markets.  Full Article

Boardwalk Pipeline Partners LP Announces Quarterly Distribution Of $0.5325 Per Unit
Monday, 29 Jul 2013 06:00am EDT 

Boardwalk Pipeline Partners, LP, announced that it has declared a quarterly cash distribution per common unit of $0.5325 ($2.13 annualized) payable on August 15, 2013, to unitholders of record as of August 8, 2013.  Full Article

Boardwalk Pipeline Partners LP Announces Public Offering of Common Units
Wednesday, 29 May 2013 04:15pm EDT 

Boardwalk Pipeline Partners LP announced that it plans to offer 11,000,000common units representing limited partner interests in a registered offering. The underwriters are also expected to be granted a 30-day option to purchase up to 1,650,000 additional common units. Barclays, Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers for the common unit offering. The Partnership expects to use the net proceeds from the offering, together with amounts to be contributed by its general partner to maintain its 2% general partner interest, to repay borrowings outstanding under the Partnership`s credit facility, but the Partnership may use a portion of the proceeds for other Partnership purposes, which may include funding capital expenditures for growth projects.  Full Article

Williams Companies Inc and Boardwalk Pipeline Partners LP Formalize Key Joint Venture Agreements Related to Proposed Bluegrass Pipeline and Related Fractionation, Storage and Export Projects
Tuesday, 28 May 2013 04:55pm EDT 

Williams Companies Inc and Boardwalk Pipeline Partners LP announced that they have executed a joint venture agreement to continue the development process for Bluegrass Pipeline, a project that would transport natural gas liquids from the Marcellus and Utica shale plays to the rapidly expanding petrochemical and export complex on the U.S. Gulf Coast, as well as the developing petrochemical market in the Northeast U.S. The pipeline would deliver mixed NGLs from these producing areas to proposed new fractionation and storage facilities, which would have connectivity to petrochemical facilities and product pipelines along the coasts of Louisiana and Texas. The proposed Bluegrass Pipeline would include constructing a new NGL pipeline from producing areas in Ohio, West Virginia and Pennsylvania to an interconnect with Boardwalk`s Texas Gas Transmission, LLC system (Texas Gas) in Hardinsburg, Ky. From that point to Eunice, La., a portion of Texas Gas would be converted from natural gas service to NGL service. The joint venture would also include constructing a new large-scale fractionation plant and expanding natural gas liquids storage facilities in Louisiana and constructing a new pipeline connecting these facilities to the converted Texas Gas line in the Eunice, La. area.  Full Article

Investor risk rises as energy partnership world gets crowded

HOUSTON/NEW YORK - High-yielding energy partnerships have lured billions in capital from investors in the past few years and the returns have often matched or beaten expectations.

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