Boardwalk Pipeline Partners, LP (NYSE: BWP) is a midstream master limited partnership (MLP) engaged in the transportation, storage, gathering and processing of natural gas and liquids.
- Our natural gas pipelines and storage assets offer a strategically interconnected grid that offer customers flexibility to access diverse supplies of gas in the Mid-Continent and Gulf Coast regions and connect to other interstate pipelines that reach the Northeast, Midwest, and Southeast.
- Our natural gas liquids (NGLs) storage and transportation assets are strategically located to participate in the resurgent petrochemical boom in the U.S. Gulf Coast region, providing salt-dome storage, pipeline transportation, fractionation and brine supply services for producers and consumers of petrochemicals, NGLs and natural gas through two hubs in southern Louisiana.
- Our gathering and processing assets include a 150 million cubic feet per day (MMcf/d) cryogenic gas processing plant and approximately 420 miles of gas gathering pipeline primarily in south Texas.
Boardwalk Pipeline Partners Fact Sheet
Our general partner is Boardwalk GP, LP. Loews Corporation indirectly owns 100 percent of our General Partner. The common units, class B units and general partner interest indirectly owned by Loews Corporation represent approximately 53 percent of our equity interests, excluding the incentive distribution rights.
Loews Corporation (NYSE: L) is one of the largest diversified financial companies in the United States. In addition to Boardwalk Pipeline Partners, LP, Loews's principal subsidiaries are:
CNA Financial Corporation (90 percent-owned - NYSE: CNA), a commercial property and casualty insurance organization;
Diamond Offshore Drilling, Inc. (50.4 percent-owned - NYSE: DO), an owner and operator of offshore oil and gas drilling rigs;
HighMount Exploration & Production LLC (wholly-owned), a producer of natural gas and other hydrocarbons;
Loews Hotels Holding Corporation (wholly-owned), an operator of hotels and resorts.