DCP - DCP Midstream, LP

NYSE - NYSE Delayed Price. Currency in USD
23.06
+0.18 (+0.79%)
At close: 4:05PM EDT
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Previous Close22.88
Open22.88
Bid23.05 x 900
Ask23.06 x 800
Day's Range22.71 - 23.13
52 Week Range22.71 - 43.72
Volume1,624,325
Avg. Volume882,669
Market Cap3.305B
Beta (3Y Monthly)1.66
PE Ratio (TTM)22.48
EPS (TTM)1.03
Earnings DateNov 4, 2019
Forward Dividend & Yield3.12 (13.24%)
Ex-Dividend Date2019-08-01
1y Target Est29.86
Trade prices are not sourced from all markets
  • GlobeNewswire

    DCP Midstream to Host Conference Call on November 5 to Discuss Third Quarter 2019 Financial Results

    DCP Midstream, LP (DCP) will host a conference call to discuss its third quarter earnings at 10:00 a.m. ET on Tuesday, November 5, 2019, which will be released after the New York Stock Exchange closes for trading on Monday, November 4, 2019. 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 November 19, 2019, by dialing (855) 859-2056 in the United States or (404) 537-3406 outside the United States and using the above conference confirmation number.

  • American City Business Journals

    Data dive: Here's how much Denver's oil and gas tycoons earn, and how employee salaries compare

    Running an oil and gas company is a well-paying gig, no matter how you look at it. The industry is famed for making company leaders rich, especially in boom times. The CEOs of oil and natural gas businesses based in Denver receive annual compensation worth millions of dollars, ranking them among the top-paid executives in the city.

  • Kinder Morgan's Gulf Coast Express Pipeline Comes Online
    Zacks

    Kinder Morgan's Gulf Coast Express Pipeline Comes Online

    Kinder Morgan's (KMI) Gulf Coast Express Pipeline is expected to boost natural gas shipping capacity in the Permian Basin, which has been suffering from takeaway limitations.

  • Moody's

    DCP Midstream Operating LP -- Moody's announces completion of a periodic review of ratings of DCP Midstream, LP

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of DCP Midstream, LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Why Shares of DCP Midstream Fell 17.5% in August
    Motley Fool

    Why Shares of DCP Midstream Fell 17.5% in August

    The natural gas company's income mix may be coming back to bite investors.

  • GlobeNewswire

    DCP Midstream to Participate in Barclays CEO Energy-Power Conference

    DCP Midstream, LP (DCP) announced that Wouter van Kempen, chairman, president and chief executive officer, and Bill Johnson, group vice president and chief transformation officer, will conduct a series of one-on-one and small group meetings with investment community representatives at the 2019 Barclays CEO Energy-Power Conference in New York, New York on September 3, 2019 and September 4, 2019. The materials used at this conference will be posted on the Investors section of DCP Midstream’s website at www.dcpmidstream.com on September 2, 2019. DCP Midstream, LP (DCP) is a Fortune 500 midstream master limited partnership headquartered in Denver, Colorado, with a diversified portfolio of gathering, processing, logistics and marketing assets.

  • Looking at Energy MLPs with Strong Growth Prospects
    Market Realist

    Looking at Energy MLPs with Strong Growth Prospects

    The market sees energy MLPs as defensives due to their relatively higher yields. We'll look at the energy MLPs with solid yields and robust capital gains.

  • PR Newswire

    Alerian Reports June 30, 2019 Index Linked Product Positions

    DALLAS , Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019 , total products directly tied to and tracking the Alerian indices was $13.7 billion . Exchange traded funds, exchange traded ...

  • GlobeNewswire

    DCP Midstream to Participate in Citi MLP/Midstream Infrastructure Conference

    DENVER, Aug. 08, 2019 -- DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president and chief executive officer, and Sean O’Brien, group vice president.

  • Thomson Reuters StreetEvents

    Edited Transcript of DCP earnings conference call or presentation 7-Aug-19 3:00pm GMT

    Q2 2019 DCP Midstream LP Earnings Call

  • DCP Midstream, LP (DCP) Q2 2019 Earnings Call Transcript
    Motley Fool

    DCP Midstream, LP (DCP) Q2 2019 Earnings Call Transcript

    DCP earnings call for the period ending June 30, 2019.

  • GlobeNewswire

    DCP Midstream Reports Second Quarter Results and Highlights New Capital Efficient Projects in the DJ Basin and on Southern Hills

    DENVER, Aug. 06, 2019 -- Today, DCP Midstream, LP (NYSE: DCP), or DCP, reported its financial results for the three and six months ended June 30, 2019. HIGHLIGHTS Reported.

  • GlobeNewswire

    DCP Midstream Announces Expanded DJ Basin Natural Gas Processing Capacity via Capital Efficient Long-Term Offload Agreement

    Today, DCP Midstream, LP (DCP) announced that it has signed a long-term agreement with Western Midstream Partners, LP (WES) that will provide DCP with up to 225 million cubic feet per day of incremental processing capacity at Western’s DJ Basin gas processing complex, which includes the Latham II plant that is presently under construction. The facility will be well-integrated, with natural gas liquids takeaway via DCP’s DJ Southern Hills extension, as well as the Front Range pipeline, and residue gas takeaway via the Cheyenne Connector. This project will increase DCP’s total natural gas processing and bypass capacity in the DJ Basin to approximately 1.5 billion cubic feet per day.

  • GlobeNewswire

    DCP Midstream Announces Common and Preferred Unit Distributions

    DENVER, July 23, 2019 -- DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a second quarter 2019 common unit.

  • 3 Best Dividend Stocks to Buy in the Energy Sector
    InvestorPlace

    3 Best Dividend Stocks to Buy in the Energy Sector

    The classic equity sectors to hunt for yield have been defense, consumer staples, and utilities. The idea has always been that these sectors provide less in the way of capital gains, compared to more volatile high-flying sectors like technology, but in exchange for the more moderate capital gains, investors get stability and yield.This year, however, as investors have tried to navigate the tail end of the business cycle and changing stances by the Federal Reserve, fund flows have gone to those classic defensive sectors. The result is double digit gains for the stock itself pre-dividend in year to date performance. Consumer Staples Select (NYSEARCA:XLP) is up almost 19%. The utility ETF Utilities SPDR (NYSEARCA:XLU) is not far behind, up 15%.Dividend yields have fallen under this scenario, and XLU yields just 3%, while XLP yields just 2.7%. It's clear then, that investors are going to need to look elsewhere for higher yields.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Energy, being rather out of favor this year, is offering some compelling opportunities. Dividend Stocks to Buy: Energy Transfer LPDividend Yield: 8.2%Energy Transfer (NYSE:ET) has been steadily executing on the strategic front. They have expanded their presence to China to meet growing demand for LNG and NGL products by opening an office in Beijing earlier in the year. ET signed a letter of intent with Sunoco (NYSE:SUN) to enter into a joint venture on a diesel fuel pipeline to West Texas. They have sold interests in certain pipelines to raise capital at attractive prices.Regardless of how the overall market is treating the energy sector, especially midstream master limited partnerships (MLPs), ET has not missed a beat. Financials are in good order with a distribution cash coverage ratio of 2.07x. Fiscal year adjusted EBITDA forecast of $10.7 billion have been reaffirmed.All the while the business keeps expanding. Plans on a Bakken pipeline optimization project will start next year. And on the Permian side, ET is expanding its Permian Express pipeline system by an incremental 120,000 barrels per day. The Permian Express 4 expansion is expected to be in service by the end of the third quarter of 2019.Cash flows are extremely healthy. The dividend is secure. And new projects are fueling growth. The future for ET looks better than good. DCP MidstreamDividend Yield: 10%DCP Midstream (NYSE:DCP) reported a strong first quarter yet yields remain sky high. This presents a great opportunity for patient investors who understand that equity sectors go on rotation and that there will be a day when the market wakes up and realizes how cheap companies have gotten.DCP owns and operates more than 60 plants and 64,000 miles of natural gas and natural gas liquids pipelines across 9 states. On this diverse base of assets, the company generated record distributable cash flow of $224 million in the first quarter. This puts the distribution coverage ratio at 1.45 times. So, despite difficult times for the sector, a best-in-class operator will still produce best-in-class results.NGL Energy Partner's (NYSE:NGL) pipeline throughput volumes was extremely strong, increasing approximately 30% year-over-year. In particular, Sand Hills and Southern Hills drove higher volumes. As a result, adjusted EBITDA set a record as well for the quarter. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Somehow DCP is just sitting there yielding 10%. Take advantage of the mispricing. BPDividend Yield: 6%BP (NYSE:BP) has a plan in place to secure long-term cash flow distributions to shareholders. Oil prices have been volatile, but their turnaround strategy is well underway.There are a number of ramp-up projects, three of which came on stream in Q1, and another that is scheduled to come on stream in Q2. These ramp-ups should make up for some lost volume that has certain analysts concerned.The good news is that most of the major turnarounds are behind BP, so the company is now in more of a steady state. There will be some impact in Q2 but not to the extent that the market seems to be pricing in.Lubricants, which has been a great business, has recently run into some issues with base oil prices, but management indicates that is leveling off. BP has made major efforts starting late last year to make that department more efficient, so there are ways to work around the headwinds.A recovery across a couple of BP's business lines going forward, in addition to the refinery system readying to go "full tilt" in 2020, has positioned the company well both from a growth and cash flow standpoint. Being paid 6% for the company's thought through strategy to play off isn't a bad deal. As of this writing, Luce Emerson was long shares of Energy Transfer LP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Best Dividend Stocks to Buy in the Energy Sector appeared first on InvestorPlace.

  • GlobeNewswire

    DCP Midstream to Host Conference Call on August 7 to Discuss Second Quarter 2019 Financial Results

    DCP Midstream, LP (DCP) will host a conference call to discuss its second quarter earnings at 11:00 a.m. ET on Wednesday, August 7, 2019, which will be released after the New York Stock Exchange closes for trading on Tuesday, August 6, 2019. 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 21, 2019, by dialing (855) 859-2056 in the United States or (404) 537-3406 outside the United States, and using the above conference confirmation number.

  • Is DCP Midstream a Buy?
    Motley Fool

    Is DCP Midstream a Buy?

    The MLP’s 10% yield certainly catches the eye of income-seeking investors.

  • Thomson Reuters StreetEvents

    Edited Transcript of DCP earnings conference call or presentation 7-May-19 2:00pm GMT

    Q1 2019 DCP Midstream LP Earnings Call

  • Reuters

    UPDATE 3-DCP Midstream shuts natgas pipeline in Oklahoma after explosion

    DCP Midstream temporarily shut a natural gas pipeline it owns and operates in Grady County, Oklahoma, after an explosion on Tuesday was caused by work by another company, said a DCP spokeswoman. There is no material impact on operations from this incident," Sarah Sandberg said in an email. The pipeline is a low pressure natural gas gathering line, she said.

  • Danger Lurks for These 2 High-Yield Dividend Stocks
    Motley Fool

    Danger Lurks for These 2 High-Yield Dividend Stocks

    Weaker financial profiles and greater exposure to commodity prices make these midstream companies riskier options.

  • GlobeNewswire

    DCP Midstream to Participate in 2019 MLP & Energy Infrastructure Conference

    DENVER, May 09, 2019 -- DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president and chief executive officer, and Sean O’Brien, group vice president.