Print 
Boardwalk Pipeline Partners LP has declared a quarterly cash distribution per common unit of $0.5325 ($2.13 annualized) payable on August 15, 2013, to unitholders of record as of August 8, 2013.
The Partnership also announced its results for the second quarter and six months ended June 30, 2013, which included the following items:
- Operating revenues of $288.7 million for the quarter and $617.2 million for the six months ended June 30, 2013, a 5% increase from $275.8 million and $588.7 million in the comparable 2012 periods;
- Net income attributable to controlling interests of $70.5 million for the quarter and $171.9 million for the six months ended June 30, 2013, an 8% and 9% increase from $65.1 million and $157.7 million in the comparable 2012 periods;
- Adjusted Earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) of $178.5 million for the quarter and $387.2 million for the six months ended June 30, 2013, a 5% and 6% increase from $169.3 million and $366.7 million in the comparable 2012 periods; and
- Distributable cash flow of $148.7 million for the quarter and $303.6 million for the six months ended June 30, 2013, a 15% and 19% increase from $129.6 million and $255.0 million in the comparable 2012 periods.
Compared with the second quarter of 2012, operating revenues increased $12.9 million, operating expenses increased $10.3 million and Adjusted EBITDA increased $9.2 million in the second quarter of 2013, including the results of Boardwalk Louisiana Midstream LLC, (Louisiana Midstream) which was acquired in October 2012. In addition to the impacts of Louisiana Midstream, the Partnership's operating revenues were impacted by lower transportation revenues of $16.1 million primarily due to contract renewals and lower utilization driven by unfavorable market conditions and mild weather, partly offset by higher revenues from fuel of $6.2 million mainly from higher natural gas prices which also drove a corresponding increase in fuel expenses. Operating costs and expenses were also impacted by a $17.0 million gain recognized on the sale of storage base gas, which was sold as a result of a strategy to monetize base gas and provide capacity for additional storage and parks of customer gas under PAL services.
Operating results on a year-to-date basis were impacted by the revenue and expense factors discussed above.
Capital Program
Growth capital expenditures were $120.4 million and maintenance capital expenditures were $21.8 million for the six months ended June 30, 2013.