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DCP Midstream (symbol: DCP) is a prominent energy company that plays a crucial role in connecting abundant natural gas resources to expanding markets. Recognized as the largest producer of natural gas liquids (NGLs) and a leading natural gas processing company in the United States, DCP Midstream processes around 12% of the nation's gas supply.
DCP Midstream offers a wide range of fully integrated midstream services that include natural gas gathering, compression, treating, processing, transportation, and storage. The company's expansive midstream infrastructure includes natural gas processing plants, compressor stations, and an extensive network of pipelines.
Despite its size, with approximately 3,200 employees, DCP Midstream maintains a close-knit, small company feel. The company is committed to the professional development of its employees, offering long-term career growth opportunities, competitive compensation, and comprehensive benefits. These benefits include 401(k) matching, wellness-focused medical plans, tuition reimbursement, and employee-matching charitable gift programs.
Recently, DCP Midstream has been actively expanding its operations and infrastructure to meet the growing demands of the energy market. The company has also engaged in strategic partnerships and projects that enhance its capabilities and market reach.
Latest News: DCP Midstream continues to drive innovation and efficiency in the energy sector, with recent updates sourced from Phillips 66.
DCP Midstream announced that its CEO Wouter van Kempen and CFO Sean O’Brien will host virtual meetings at the Truist Securities 4th Annual Utilities, Midstream & Alternative Energy Summit on March 25, 2021. These discussions will involve investment community representatives and will cover key topics, including Winter Storm Uri. Relevant materials will be available on DCP Midstream’s website on March 24, 2021, providing insights for investors.
DCP Midstream, LP (NYSE: DCP) has submitted its Form 10-K for the fiscal year ending December 31, 2020, to the SEC. This filing includes audited financial statements and is accessible on DCP's investor website. Investors can request a free hard copy by contacting the Corporate Secretary. DCP Midstream is a leading midstream master limited partnership based in Denver, known for its extensive gathering, processing, and logistics assets in the natural gas market.
DCP Midstream reported a net income attributable to partners of $86 million for Q4 2020, up from $1 million in Q4 2019. However, the full year saw a loss of $(306) million, contrasting with a $17 million profit in 2019. The company achieved $1,099 million in net cash from operating activities and generated $237 million in excess free cash flow for 2020. Total capital was reduced by 74%, and the company decreased its debt by $300 million. The 2021 guidance projects net income of $335-$475 million and adjusted EBITDA of $1,120-$1,260 million.
DCP Midstream (NYSE: DCP) announced its membership in The Environmental Partnership, a key initiative aimed at enhancing environmental performance in the oil and gas sector. As a major natural gas processor, DCP emphasizes its role in the clean energy transition and sustainability practices. The company aims to reduce its environmental footprint through innovative technologies and collaboration. DCP's commitment to safety and social responsibility is underscored by its inaugural Sustainability Report published in 2020, and its partnership with Kairos Aerospace for a comprehensive methane survey.
DCP Midstream, LP (NYSE: DCP) has declared a fourth quarter 2020 common unit distribution of $0.39 per unit, equating to $1.56 annually. This will be paid on February 12, 2021, for unitholders on record by February 5, 2021.
Additionally, a quarterly Series B preferred unit distribution of $0.4922 will be distributed on March 15, 2021, to preferred unitholders of record by March 1, 2021. A Series C preferred unit distribution of $0.4969 is set for April 15, 2021, to be paid to record holders by April 1, 2021.
DCP Midstream announced that Wouter van Kempen, CEO, and Sean O’Brien, CFO, will hold virtual meetings with investors at the U.S. Capital Advisors 10th Annual Midstream Conference on January 26, 2021. The conference aims to connect DCP with the investment community, enhancing transparency and information sharing.
DCP Midstream, headquartered in Denver, Colorado, is a leading natural gas liquids producer and one of the largest gas processors in the U.S., focusing on gathering, processing, logistics, and marketing assets.
DCP Midstream, LP (NYSE: DCP) will host a conference call on February 11, 2021, at 10:00 a.m. ET to discuss its Q4 and full-year 2020 earnings and 2021 guidance, following the earnings release on February 10, 2021. Investors can access the live audio webcast on the DCP website and participate via phone at (844) 233-0113 (U.S.) or (574) 990-1008 (international). Replay will be available until February 25, 2021. DCP Midstream is a significant player in the U.S. natural gas liquids and processing market, backed by a joint venture between Enbridge and Phillips 66.
DCP Midstream, LP (NYSE: DCP) will participate in the UBS Winter Infrastructure & Energy Virtual Conference on January 12, 2021. Wouter van Kempen, CEO, and Sean O’Brien, CFO, are scheduled for one-on-one and small group meetings with investors. The conference materials will be available on DCP’s website on January 11, 2021. DCP Midstream is a major player in the natural gas sector, recognized as one of the largest producers and marketers of natural gas liquids in the U.S. The company is headquartered in Denver, Colorado.
DCP Midstream announced that Wouter van Kempen and Sean O’Brien will hold a series of virtual meetings with investors at two upcoming conferences. The conferences include the Capital One Securities 15th Annual Energy Conference on December 8, 2020, and the Wells Fargo Virtual Midstream and Utility Symposium on December 9, 2020. All materials from these events will be available on the DCP Midstream investor website by December 7, 2020. DCP Midstream, a major player in natural gas processing and liquids production, is headquartered in Denver, Colorado.
DCP Midstream, LP (NYSE: DCP) announced participation in the 2020 RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference. Wouter van Kempen, CEO, and Sean O’Brien, CFO, will hold meetings with investment community representatives on November 18, 2020. Pre-conference materials will be available on the DCP Midstream website on November 17, 2020. DCP Midstream is a Fortune 500 company based in Denver, Colorado, recognized as one of the largest natural gas liquids producers and processors in the U.S.
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