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DCP Midstream LP (DCP)

DCP on New York Consolidated

36.86USD
15 Dec 2017
Change (% chg)

$0.00 (+0.00%)
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$36.86
Open
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Volume
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$42.45
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Latest Key Developments (Source: Significant Developments)

DCP Midstream announces public offering of Series A preferred units
Monday, 13 Nov 2017 09:05am EST 

Nov 13 (Reuters) - DCP Midstream Lp ::Announces public offering of Series A preferred units.Intends to use proceeds from offering for general partnership purposes, including repayment of 2.500 percent senior notes due Dec 1, 2017​.  Full Article

DCP Midstream files for potential mixed shelf
Wednesday, 8 Nov 2017 03:02pm EST 

Nov 8 (Reuters) - DCP Midstream LP :DCP Midstream LP files for potential mixed shelf; size not disclosed - SEC filing.DCP Midstream LP - DCP Midstream Operating LP may also offer debt securities.  Full Article

DCP Midstream reports qtrly loss per share ‍$0.41​
Tuesday, 7 Nov 2017 04:15pm EST 

Nov 7 (Reuters) - DCP Midstream Lp ::DCP Midstream LP reports strong third quarter 2017 results.DCP Midstream LP-qtrly loss per share ‍$0.41​.DCP Midstream LP says ‍is on track to achieve its 2017 forecasted adjusted EBITDA and distributable cash flow guidance ranges​.DCP Midstream LP says ‍distribution coverage ratio was 1.21 times for three months ended September 30, 2017​.  Full Article

Kinder Morgan, DCP Midstream, Targa Resources to develop GCX pipeline
Wednesday, 4 Oct 2017 04:05pm EDT 

Oct 4 (Reuters) - Targa Resources Corp :Kinder Morgan, DCP Midstream and Targa Resources enter into letter of intent to jointly develop Gulf Coast Express pipeline project.Capacity of GCX project is expected to be approximately 1.92 billion cubic feet per day​.Per terms of letter of intent, KMI would build, operate and own a 50 percent interest in GCX project.DCP Midstream and Targa would each hold a 25 percent equity interest in project.Expected in-service date of pipeline continues to be scheduled for second half of 2019​.  Full Article

DCP Midstream resumes normal operations post Hurricane Harvey
Tuesday, 5 Sep 2017 04:05pm EDT 

Sept 5 (Reuters) - DCP Midstream Lp :DCP Midstream resumes normal operations post Hurricane Harvey.DCP Midstream Lp - ‍all DCP's 61 gas plants are operational with exception of four plants​.DCP Midstream Lp - ‍Permian and Eagle Ford plants will be restarted once third party outlets to Sweeny return to service​.DCP Midstream Lp - ‍DCP's Port Arthur plant in Southeast Texas is being evaluated for return to service as area flooding from Harvey recedes​.DCP Midstream Lp - ‍anticipates returning all remaining plants to service over next week​.  Full Article

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