Boardwalk Pipeline Shares Fall On Weak 1Q Report

NEW YORK (AP) — Shares of Boardwalk Pipeline Partners LP slid on Tuesday a day after the company posted falling first-quarter profit that was hurt, in part, by faulty pipelines, which concerned analysts who downgraded, or cut their price targets, on the stock.

Shares of Boardwalk Pipeline dropped 74 cents, or 3.5 percent, to $20.16 in afternoon trading.

On Monday the company said its first-quarter profit fell 41 percent as expenses climbed and revenue diminished due to anomalies in expansion pipelines that forced the company to operate at reduced pressures. ...