DCP Midstream

DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas. It operates through the following segments: Logistics and Marketing and Gathering and Processing. The Logistics and Marketing segment includes transporting, trading, marketing and storing natural gas and NGLs and fractionating NGLs. The Gathering and Processing segment consists of gathering, compressing, treating and processing natural gas, producing and fractionating NGLs and recovering condensate. The company was founded in August 2005 and is headquartered in Denver, CO.

Earnings data Q2 2024

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DCP Midstream is an energy company that connects growing resources to expanding markets. The DCP Midstream enterprise is the largest producer of NGLs and natural gas processing company in the U.S. In fact, they gather and/or process about 12% of their nation’s gas supply.

The management of DCP Midstream appears to have flagged potentially higher distributions in 2022, although issues remain.

DCP Midstream: Higher Distributions In 2022, But Still Not Buying This 6%+ Yield

DCP Midstream Partners, LP (DCP) reported earnings 30 days ago. What's next for the stock?

DCP Midstream Partners, LP (DCP) Down 15.6% Since Last Earnings Report: Can It Rebound?

DENVER, Dec. 01, 2021 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president and chief executive officer, and Sean O'Brien, group vice president and chief financial officer, will participate in a fireside chat and conduct a series of one-on-one and small group meetings with investment community representatives at the 2021 Wells Fargo Virtual Midstream, Utility & Renewables Symposium on December 8, 2021. The materials used at this conference will be posted to the Investors section of DCP Midstream's website at www.dcpmidstream.com on December 7, 2021.

DCP Midstream to Participate in the 2021 Wells Fargo Virtual Midstream, Utility & Renewables Symposium

Lower NGL pipelines throughput volumes hurt DCP Midstream's (DCP) Q3 earnings.

DCP Midstream (DCP) Stock Slips 4.8% Since Q3 Earnings Miss

DENVER, Nov. 04, 2021 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), priced an offering of $400 million aggregate principal amount of its 3.25% senior notes due 2032 at a price to the public of 100% of their face value (the “Senior Notes”). The Senior Notes will be fully and unconditionally guaranteed by the Partnership. The offering is expected to close on November 19, 2021, subject to the satisfaction of customary closing conditions.

DCP Midstream, LP Announces Pricing of $400 Million of 3.25% Senior Notes due 2032

DENVER, Nov. 04, 2021 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), has commenced a public offering of $400 million aggregate principal amount of its senior notes due 2032 (the “Senior Notes”). The Senior Notes will be fully and unconditionally guaranteed by the Partnership.

DCP Midstream, LP Announces Public Offering of $400 Million of Senior Notes due 2032

DCP Midstream, LP (DCP) CEO Wouter van Kempen on Q3 2021 Results - Earnings Call Transcript

DENVER, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the three and nine months ended September 30, 2021.

DCP Midstream Reports Third Quarter Results and is on Track to Exceed 2021 Financial Guidance

DENVER, Oct. 12, 2021 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) today announced common and preferred unit distributions for third quarter 2021. Further, DCP announced that its third quarter 2021 earnings will be reported after the New York Stock Exchange closes for trading on Tuesday, November 2, 2021, and a conference call to discuss quarterly earnings will be hosted at 10:00 a.m. ET on Wednesday, November 3, 2021.

DCP Midstream Announces Common and Preferred Unit Distributions and Timing of Third Quarter Earnings Conference Call

DCP Midstream's NGL and natural gas volumes have held up remarkably well over the past year. The lack of new drilling in the US has allowed DCP to shrink their capex budget which in turn allows higher free cash flow and greater debt reduction.

DCP Midstream - Room To Run

DCP Midstream has performed well during the second quarter of 2021 after a weak start to the year from the freak Texas Winter storm.

DCP Midstream: Performing Well But Leverage Is Way Higher Than It Seems

DCP Midstream Partners, LP (DCP) Up 3.9% Since Last Earnings Report: Can It Continue?

DENVER, Sept. 01, 2021 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president, and chief executive officer, and Sean O'Brien, group vice president and chief financial officer, will participate in a fireside chat and conduct a series of one-on-one and small group meetings with investors at the Barclays CEO Energy-Power Conference on September 9, 2021. The materials to be used at this conference will be posted to the Investors section of DCP Midstream's website at www.dcpmidstream.com on September 8, 2021.

DCP Midstream to Participate in Barclays CEO Energy-Power Conference

DENVER, Aug. 26, 2021 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president, and chief executive officer, Sean O'Brien, group vice president and chief financial officer, and William Johnson, group vice president and chief transformation officer, will participate in an ESG roundtable with a focus on discussing the company's second annual sustainability report: Resiliency and Evolution. This roundtable will be hosted by Evercore ISI on September 1, 2021. The report is available in the Sustainability section of DCP Midstream's website at www.dcpmidstream.com.

DCP Midstream to Participate in Evercore ISI ESG Roundtable

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A decline in NGL pipelines throughput volumes hurts DCP Midstream's (DCP) Q2 earnings.

DCP Midstream (DCP) Gains Marginally Despite Q2 Earnings Miss

DENVER, Aug. 12, 2021 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president, and chief executive officer and Sean O'Brien, group vice president and chief financial officer will conduct a series of virtual meetings with investment community representatives at the 2021 Citi One-on-One Midstream & Energy Infrastructure Conference on August 18, 2021. The materials to be used at this conference will be posted to the Investors section of DCP Midstream's website at www.dcpmidstream.com on August 17, 2021.

DCP Midstream to Participate in 2021 Citi One-on-One Midstream & Energy Infrastructure Conference

DCP Midstream, LP (DCP) CEO Wouter van Kempen on Q2 2021 Results - Earnings Call Transcript

DENVER, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the three and six months ended June 30, 2021.

DCP Midstream Reports Second Quarter Results and Guides to High End of Financial Guidance Range

DENVER, Aug. 02, 2021 (GLOBE NEWSWIRE) --  Today, DCP Midstream, LP (NYSE: DCP) announces the publication of its second annual Sustainability Report. The report, titled “Resiliency and Evolution” highlights DCP's environmental, social, and governance (ESG) outcomes from the 2020 calendar year, announces forward-looking goals on greenhouse gas emissions reductions and inclusion and diversity outcomes, and outlines strategies within a variety of DCP's ESG-related efforts. Additionally, disclosures within the report are aligned with the Sustainability Accounting Standards Board (SASB) Midstream Reporting Standards and the Energy Infrastructure Council (EIC) and GPA Midstream Association ESG Reporting Template. An electronic version of the report is available at https://www.dcpmidstream.com/sustainability .

DCP Midstream Releases Second Annual Sustainability Report, Announces Environmental and Diversity Goals, and Commits to Industry-First ESG-Linked Accounts Receivable Securitization Facility

DENVER, July 15, 2021 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) will host a conference call to discuss its second quarter 2021 earnings at 10:00 a.m. ET on Thursday, August 5, 2021, which will be released after the New York Stock Exchange closes for trading on Wednesday, August 4, 2021.

DCP Midstream to Host Conference Call on August 5 to Discuss Second Quarter 2021 Financial Results

DCP Midstream's (DCP) Spindletop natural gas storage unit in Southeast Texas, with 12 billion cubic feet of capacity, is a major positive.

DCP Midstream (DCP) Up 37.2% in 3 Months: More Room to Run?

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DALLAS, July 1, 2021 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on July 9, 2021, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on July 12, 2021: Constituents added: Oasis Midstream Partners LP (NASDAQ: OMP)Höegh LNG Partners LP (NYSE: HMLP) Constituents removed: DCP Midstream, LP (NYSE: DCP)Genesis Energy, L.P.

Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index

DCP Midstream has seen its unit price rally strongly since the lows of 2020 and it now appears to be time to take the profits off the table. Their distributions remain risky given their very high leverage and weak liquidity that sees them reliant upon their credit facility, which also hinders their growth prospects.

DCP Midstream: Time To Take The Profits Off The Table

DENVER, June 15, 2021 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced that Sean O'Brien, group vice president and chief financial officer and Bill Johnson, group vice president and chief transformation officer will conduct a series of virtual one-on-one and small group meetings with investment community representatives at the J.P. Morgan 2021 Energy, Power & Renewables Conference on June 22, 2021. The materials to be used at this conference are posted to the Investors section of DCP Midstream's website at www.dcpmidstream.com.

News for DCP Midstream Stock (DCP)