A Closer Look at Boardwalk Pipeline Partners, LP (BWP)’s Earnings

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As Energy Transfer investors know all too well, the partnership hasn’t raised its payout in 19 straight quarters. Meanwhile, Enterprise has lifted its payout 34 consecutive quarters. Take a look at this five-year chart and you’ll see why stagnant distributions are not a good sign for investors:

ETP Total Return Price Chart

ETP Total Return Price data by YCharts.

My Foolish take
Boardwalk had a rather blah quarter and there’s not a whole lot of excitement on the horizon. The company is doing the best it can with the assets it owns, but right now that’s simply not good enough. With so many midstream options for investors to choose from, you might want to allocate your investment dollars elsewhere.

The article A Closer Look at Boardwalk Pipeline Partners’ Earnings originally appeared on Fool.com and is written by Matt DiLallo.

Fool contributor Matt DiLallo owns shares of Enterprise Products Partners. The Motley Fool recommends Enterprise Products Partners.

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