Boardwalk Pipeline Partners Takes a Short-Term Hit for Longer-Term Certainty

Boardwalk Pipeline Partners Takes a Short-Term Hit for Longer-Term Certainty

I have to imagine that anyone invested in Boardwalk Pipeline Partners (NYSE: BWP) feels like the wait for a distribution increase has been akin to watching paint dry. The company's progress over the past several years to improve its debt metrics and build out some major growth projects has been agonizingly slow. However, that is what happens when a master limited partnership grows the business without taking on too much debt or issuing loads of equity.

This most recent quarter was a lot of the same: Modest progress, but little to show for it in the financial statements. Here's a look at the company's most recent results and what investors can make of this stock. 

Image source: Getty Images.

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Source: Fool.com