Boardwalk Partners profit rises 83%

[MoneyGuy]

LONDON (MarketWatch) -- Natural gas transportation and storage company Boardwalk Pipeline Partners said Monday that its second-quarter net profit rose 83% to $64.7 million from $35.4 million a year earlier. Operating revenue for the period rose 26% to $190.3 million from $150.5 million, the company added. The group said the result reflected higher gas transportation revenues from expansion projects and higher rates on existing capacity. This was partly offset by lower parking and lending revenues and higher depreciation and property taxes.

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[Fotno]

That's because they merged Gulf South Pipelines with Texas Gas and they are really taking care of their transmission lines and their compressor stations.