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DCP Midstream LP (DCP)

DCP on New York Consolidated

30.69USD
18 Aug 2017
Change (% chg)

$0.03 (+0.10%)
Prev Close
$30.66
Open
$30.67
Day's High
$31.34
Day's Low
$30.43
Volume
235,979
Avg. Vol
371,368
52-wk High
$42.45
52-wk Low
$29.70

Latest Key Developments (Source: Significant Developments)

DCP Midstream LP Q2 total operating revenues $1.95 billion
Monday, 7 Aug 2017 08:30am EDT 

Aug 7 (Reuters) - DCP Midstream LP :DCP Midstream LP reports second quarter 2017 results.DCP Midstream LP - ‍partnership reaffirmed its 2017 forecasted adjusted EBITDA and forecasted distributable cash flow guidance​.DCP Midstream LP qtrly income per limited partner unit $0.33.DCP Midstream LP - ‍maintenance capital expenditures are expected to be at lower end of partnership's $100 million to $145 million 2017 forecast range​.Qtrly total operating revenues $1.95 billion versus $1.62 billion.DCP Midstream LP - ‍growth capital expenditures are expected to be at higher end of its $325 million to $375 million 2017 forecast range.​.Q2 earnings per share view $0.17, revenue view $2.66 billion -- Thomson Reuters I/B/E/S.Partnership reaffirmed its 2017 forecasted adjusted EBITDA guidance of $940 to $1,110 million.  Full Article

DCP Midstream announces additional large scale expansion of Sand Hills Natural Gas Liquids Pipeline
Tuesday, 30 May 2017 04:10pm EDT 

May 30 (Reuters) - Dcp Midstream Lp :DCP Midstream announces additional large scale expansion of Sand Hills Natural Gas Liquids Pipeline.Plans to initially spend $105 million towards long-lead equipment and right-of-way.In phased approach, the expansion is designed to first increase capacity by 85 thousand barrels per day up to approximately 450 mbpd.Expansion announced today is in addition to Sand Hills Pipeline's existing expansion to 365 MBPD.Initial phase, when completed, anticipated to include partial looping of pipeline, addition of 7 pump stations at cost of $500 million.  Full Article

DCP Midstream plans divestiture of Douglas Gathering System in Wyoming
Wednesday, 17 May 2017 04:06pm EDT 

May 17 (Reuters) - Dcp Midstream Lp :Planned divestiture of Douglas Gathering System in Wyoming, includes about 1,500 miles of gathering lines, to Tallgrass Energy Partners.Planned divestiture of its douglas gathering system in wyoming was for approximately $128 million.Proceeds from this transaction will be used to fund its strategic organic growth projects around its premier footprint.Transaction has been approved by appropriate governing bodies of both companies.  Full Article

DCP Midstream reports first quarter 2017 results
Wednesday, 10 May 2017 04:15pm EDT 

May 10 (Reuters) - DCP Midstream Lp :DCP Midstream reports first quarter 2017 results.Qtrly net income per limited partner unit - basic and diluted $ 0.41.Qtrly total operating revenues $2,121 million versus $1,464 million.  Full Article

Kinder Morgan, DCP Midstream announce LoI for Gulf Coast Express Pipeline Project
Tuesday, 11 Apr 2017 04:15pm EDT 

DCP Midstream LP : Kinder Morgan and DCP Midstream announce letter of intent on development of Gulf Coast express pipeline project . It is anticipated that DCP will be a partner and shipper on proposed pipeline . DCP midstream LP -project is designed to transport up to 1,700,000 dekatherms per day (dth/d) of natural gas from Waha, Texas area to Agua Dulce, texas . Says pipeline is expected to be in service in second half of 2019, subject to shipper commitments . DCP Midstream LP says sand hills pipeline is currently being expanded from 280,000 barrels per day (bbls/d) to 365,000 bbls/d .Says KMI will build and operate pipeline.  Full Article

DCP Midstream Lp unit entered into first amendment and joinder to amended and restated credit agreement
Friday, 24 Feb 2017 04:33pm EST 

DCP Midstream LP : DCP Midstream LP - on Feb. 24, co, unit entered into first amendment and joinder to amended and restated credit agreement . DCP Midstream LP - amendment increases aggregate commitments under unsecured revolving credit facility to approximately $1.4 billion .DCP Midstream LP - amendment amends that certain amended and restated credit agreement dated May 1, 2014.  Full Article

Spectra Energy Corp reports Q4 EPS of $0.16
Friday, 17 Feb 2017 06:30am EST 

Spectra Energy Corp : Spectra Energy reports fourth quarter and year-end 2016 results . Q4 earnings per share $0.16 . Q4 earnings per share view $0.31 -- Thomson Reuters I/B/E/S . Qtrly ongoing net income from controlling interests was $202 million, or $0.29 diluted earnings per share . Q4 operating revenues $1,298 million versus. $1,316 million last year .Spectra Energy Partners Q4 operating revenue $ 663 million versus $634 million last year.  Full Article

DCP Midstream Q4 earnings per share $0.38
Tuesday, 14 Feb 2017 06:55am EST 

DCP Midstream Lp : DCP Midstream, LP reports fourth quarter and full-year 2016 results . Q4 earnings per share $0.38 . Q4 earnings per share view $0.47 -- Thomson Reuters I/B/E/S . Dcp midstream lp - partnership updated its 2017 forecasted adjusted ebitda target range to between $940 to $1,110 million . Qtrly total operating revenues $398 million versus $435 million .Q4 revenue view $396.3 million -- Thomson Reuters I/B/E/S.  Full Article

DCP Midstream Partners changes ticker to 'DCP' from 'DPM'
Monday, 23 Jan 2017 08:30am EST 

DCP Midstream Lp :DCP Midstream Partners LP says name change to DCP Midstream and ticker change from DPM to DCP.  Full Article

Spectra Energy says quarterly dividend of $0.44 per share
Thursday, 5 Jan 2017 08:30am EST 

Spectra Energy Corp : Spectra Energy announces new quarterly dividend of $0.44 per share .Increases annual dividend to $1.76 from $1.62.  Full Article