|Bid||41.98 x 900|
|Ask||42.01 x 800|
|Day's Range||41.41 - 42.19|
|52 Week Range||29.95 - 42.79|
|PE Ratio (TTM)||427.55|
|Earnings Date||Aug 7, 2018|
|Forward Dividend & Yield||3.12 (7.69%)|
|1y Target Est||41.79|
DCP Midstream, LP (DCP) will host a conference call to discuss its second quarter earnings at 12:00 p.m. ET on Wednesday, August 8, 2018, which will be released after the New York Stock Exchange closes for trading on Tuesday, August 7, 2018. The live audio webcast of the conference call and accompanying presentation slides can be accessed through the Investors section on the DCP website at www.dcpmidstream.com and the conference call can be accessed by dialing (844) 233-0113 in the United States or (574) 990-1008 outside the United States. A replay of the conference call will be available until August 22, 2018, by dialing (855) 859-2056 in the United States or (404) 537-3406 outside the United States, and using the above conference confirmation number.
DCP Midstream, LP (DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), priced an offering of $500 million aggregate principal amount of its 5.375% senior notes due 2025 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.
Moody's Investors Service (Moody's) assigned a Ba2 rating to DCP Midstream Operating, LP 's (DCP Midstream Operating) proposed senior notes due 2025. DCP Midstream, LP's (DCP) existing ratings, including the Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating, B1 preferred units ratings and SGL-3 Speculative Grade Liquidity (SGL) rating are unchanged. Additionally, DCP Midstream Operating's Ba2 senior unsecured notes ratings and the B1 junior subordinated notes rating are unchanged.
DCP Midstream, LP (DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), plans to redeem all of its 9.75% senior notes due March 15, 2019 (CUSIP Nos.: 23311R AC0 and U24019 AC2) (the “2019 Notes”), of which an aggregate principal amount of $450 million is outstanding, subject to the receipt by the Trustee of the 2019 Notes of funds sufficient to pay the amounts due in the redemption. The Operating Partnership intends to pay for the redemption of the 2019 Notes using the proceeds from a concurrent offering of $500 million of the Operating Partnership’s senior notes due 2025.
DCP Midstream, LP (DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), has commenced a public offering of $500 million aggregate principal amount of its senior notes due 2025, which will be fully and unconditionally guaranteed by the Partnership. The Operating Partnership intends to use the net proceeds from this offering to redeem all of its outstanding 9.75% senior notes due March 15, 2019 (the “2019 Notes”), and for general partnership purposes, including the funding of capital expenditures.
LONDON, UK / ACCESSWIRE / July 9, 2018 / If you want a free Stock Review on TRGP sign up now at www.wallstequities.com/registration. This Monday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Pipelines equities: Spectra Energy Partners L.P. (NYSE: SEP), DCP Midstream L.P. (NYSE: DCP), Targa Resources Corp. (NYSE: TRGP), and TC PipeLines L.P. (NYSE: TCP).
Goldman Sachs downgraded Crestwood Equity Partners (CEQP) to “neutral,” which is equivalent to “hold,” from “buy.” Overall, Crestwood Equity Partners has seen four rating updates since the beginning of 2018—three upgrades and one downgrade. Now, 55.6% of the analysts surveyed by Reuters rate Crestwood Equity Partners as a “buy,” while the remaining 44.4% rate it as a “hold.” Crestwood Equity Partners’ average target price of $34.2 implies ~8 upside potential from the current price levels.
SemGroup® Corporation (SEMG) and DCP Midstream, LP (DCP) today announced that, due to shipper interest, they have extended by one week the binding open season for natural gas liquids (NGL) transportation service from the DJ Basin to Mont Belvieu, Texas. The transportation capacity is available via a soon-to-be converted portion of White Cliffs Pipeline and Southern Hills Pipeline, connecting Weld County, Colorado to Mont Belvieu, Texas.
Houston-based midstream and downstream energy company Phillips 66 (NYSE: PSX) could spend as much as $1.5 billion on its upcoming expansion of the Sweeny Hub in Old Ocean, Texas. The project, which Phillips 66 announced on June 13 would move forward, will add 300,000 barrels per day of natural gas liquids fractionation capacity and 6 million barrels of storage to the site, according to a company press release. When the project finishes, expected in late 2020, Phillips 66 expects it to create 25 new full-time jobs, according to the press release.
When DCP Midstream LP (NYSE:DCP) released its most recent earnings update (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of itsRead More...
Today, DCP Midstream, LP (DCP) announced that it plans to further extend its value chain by securing an option to acquire up to a 30 percent ownership interest in two, 150,000 bpd natural gas liquids (NGL) fractionators to be constructed within Phillips 66’s Sweeny Hub in Old Ocean, Texas. DCP’s option is exercisable at the in-service date of the fractionators, which is expected to be in late 2020, with a capital investment of approximately $400 million. Additionally, DCP has committed to supply agreements for Y-grade NGL feedstock to the fractionators. “This strategic growth option represents another important step as we significantly increase DCP’s vertical integration to better meet our customers’ needs, while driving fee-based earnings growth,” said Wouter van Kempen, president, chairman, and CEO of DCP Midstream.
Analyst Christine Cho downgraded shares of Targa Resources Corp (NYSE: TRGP) from Overweight to Equal-weight and lowered the price target from $57 to $52. Cho also downgraded DCP Midstream LP (NYSE: DCP) from Equal-weight to Underweight and reduced the price target from $46 to $39.
LONDON, UK / ACCESSWIRE / June 12, 2018 / If you want a free Stock Review on EEP sign up now at www.wallstequities.com/registration. Today, WallStEquities.com has issued research reports on Pembina Pipeline Corp. (NYSE: PBA), TC PipeLines L.P. (NYSE: TCP), DCP Midstream L.P. (NYSE: DCP), and Enbridge Energy Partners L.P. (NYSE: EEP).
While the market focuses on the major Canadian pipeline project the energy infrastructure giant had to give up, it's ignoring a slew of opportunities the company can capitalize on further south.
DCP Midstream (DCP) is ranked seventh in terms of its correlation with crude oil. The one-year correlation between DCP Midstream and crude oil was 0.33 as of May 6. DCP Midstream’s relatively high correlation with crude oil reflects its significant involvement in the natural gas processing and NGLs (natural gas liquids) businesses. Currently, DCP Midstream is one of the largest natural gas processors and NGLs producers in the United States. DCP Midstream’s total natural gas processing capacity was 7.8 bcf/d (billion cubic feet per day) as of December 31, 2017.
Gov. Hickenlooper and DCP Midstream's van Kempen share the view that Colorado's natural gas future looks bright.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. DCP Midstream LP (NYSE:DCP) has returned to shareholdersRead More...
SemGroup (SEMG) and DCP Midstream's (DCP) NGL pipeline project is likely to connect Weld County, CO and Mont Belvieu, TX.
TULSA, Okla., May 24, 2018-- SemGroup ® Corporation and DCP Midstream, LP today announced a binding open season for natural gas liquids transportation service on the White Cliffs Pipeline and Southern ...
NEW YORK, May 23, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of StoneMor ...
DCP Midstream (DCP) had its Relative Strength (RS) Rating upgraded from 78 to 82 Wednesday. [ibd-display-video id=2385970 width=50 float=left autostart=true] When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
Today, DCP Midstream, LP (DCP) joined the Fortune 500 as #344 in the 64th running of the list. Fortune Magazine ranks companies by total revenue and DCP is one of 20 new companies to the list, and one of nine companies headquartered in Colorado. On January 23, 2017, DCP Midstream began trading under the NYSE stock ticker DCP, following a transaction combining DCP Midstream, LLC with DCP Midstream Partners.
DENVER, May 17, 2018-- DCP Midstream, LP announced that Wouter van Kempen, chairman, president and chief executive officer, and Sean O’ Brien, group vice president and chief financial officer, will conduct ...
Stocks with market capitalization between $2B and $10B, such as DCP Midstream LP (NYSE:DCP) with a size of US$5.82B, do not attract as much attention from the investing community asRead More...