L · 10-Q · 2026Q3 · Full report

Boardwalk Growth Capital Expenditures

LOEWS CORP · 2026-11-02 · Importance 52 · Surprise 42 · In source text

Boardwalk Pipelines expects aggregate costs of approximately $3.6 billion for growth projects supported by precedent or long-term firm transportation agreements, with spending expected through 2030. Through September 30, 2026, it had spent $525 million on those projects. For the first nine months of 2026, Boardwalk capital expenditures were $547 million, comprising $411 million of growth capital and $136 million of maintenance capital; comparable 2025 expenditures were $222 million, including $98 million of growth and $124 million of maintenance capital. Boardwalk also had approximately $606 million of binding purchase-order commitments for materials not yet received, expected to be settled through 2028.

Key facts

• As of September 30, 2026, Boardwalk Pipelines had approximately $606 million in binding purchase-order commitments for materials ordered but not received, expected to be settled through 2028. source
• Boardwalk Pipelines’ capital expenditures for the nine months ended September 30, 2026 and 2025 were $547 million and $222 million, including growth capital expenditures of $411 million and $98 million and maintenance capital expenditures of $136 million and $124 million, respectively. source
• Boardwalk Pipelines’ cash provided by operating activities was $786 million for the nine months ended September 30, 2026, compared with $795 million for the 2025 period. source
• Boardwalk Pipelines had spent $525 million on growth projects through September 30, 2026. source

Impact estimates