Oil and Gas
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DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and condensate; and transporting, storing and selling propane in wholesale markets. It operates through three segments: Gathering & Processing powerhouse, Logistics & Marketing, and Growth Projects. Read More The Gathering & Processing powerhouse segment engages in gathering and processing of raw gas to make it marketable. The Logistics & Marketing segment consists of multiple downstream assets including fractionators, NGL pipelines, and NGL storage facilities. The Growth Projects segment includes Mewbourn 3, which is a cryogenic natural gas processing plant in the DJ Basin. The company was founded in August 2005 and is headquartered in Denver, CO.
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Yahoo FinanceMay 6
DCP Midstream Reports Strong First Quarter Results
DENVER, May 06, 2019 (GLOBE NEWSWIRE) -- DCP Midstream, LP (DCP), or DCP, today reported its financial results for the three months ended March 31, 2019. HIGHLIGHTS Reported net income attributable to partners of $75 million for the three months ended March 31, 2019. Generated record distributable cash flow (DCF) of $224 million for the three months ended March 31, 2019, resulting in a distribution coverage ratio of 1.45 times. Reported record adjusted EBITDA of $326 million for the three months ended...
Expected Aug 6, After Hours