- Sector
- Utilities
- Industry
- General Utilities
- Address
- Australia
- IPO Date
- Nov 9, 2005
- Business
- Boardwalk Pipeline Partners, LP (NYSE: BWP) owns and operates integrated natural gas and natural gas liquids (NGLs) pipeline and storage systems in the United States. The master limited partnership, founded in 2005 and headquartered in Houston, Texas, functions through key subsidiaries including Gulf South Pipeline Company, LLC and Texas Gas Transmission, LLC; it operates approximately 13,880 miles of interconnected natural gas pipelines serving 13 states directly in the Gulf Coast region, Oklahoma, Arkansas, Tennessee, Kentucky, Illinois, Indiana, and Ohio, with indirect service to the northeastern and southeastern U.S. via interconnections; and approximately 455 miles of NGL pipelines in Louisiana and Texas, plus underground storage caverns offering 205 billion cubic feet of working natural gas capacity and 24.5 million barrels for NGLs. Boardwalk provides interstate transportation and storage services for natural gas and NGLs, ethane supply and transportation for industrial customers, and related services to producers, local distribution companies, marketers, electric power generators, industrial users, LNG exporters, and interstate/intrastate pipelines. The company operates as a subsidiary of Boardwalk Pipelines Holding Corp., with a focus on midstream energy infrastructure in the oil and gas sector.
In recent developments, Boardwalk priced a $550.0 million senior notes offering in November 2025 to support general corporate purposes, entered into a $1 billion revolving credit agreement maturing in 2030 on November 10, 2025, and launched non-binding Open Seasons for expansions including the Texas Gas Borealis Project in April 2025 offering up to 2 Bcf/d of firm transportation capacity from Marcellus/Utica shales to markets from Ohio to Louisiana, and the Texas Gateway Project announced in October 2025 to deliver natural gas to the Gulf Coast. The partnership reached a final investment decision in December 2024 on Gulf South's Kosciusko Junction Pipeline Project to enhance southeastern U.S. market access from Marcellus/Utica, Haynesville, and Fayetteville basins, named Scott Hallam as President and CEO in May 2024, and continues debottlenecking and capacity expansions targeting areas like the Permian Basin amid growing demand from data centers, LNG exports, and power generation.