DCP - DCP Midstream, LP

NYSE - Nasdaq Real Time Price. Currency in USD
25.58
+0.40 (+1.59%)
As of 10:55AM EDT. Market open.
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Previous Close25.18
Open25.35
Bid25.60 x 800
Ask25.63 x 800
Day's Range25.35 - 25.62
52 Week Range24.05 - 43.84
Volume104,649
Avg. Volume633,947
Market Cap3.666B
Beta (3Y Monthly)1.56
PE Ratio (TTM)24.93
EPS (TTM)1.03
Earnings DateNov 4, 2019 - Nov 8, 2019
Forward Dividend & Yield3.12 (12.78%)
Ex-Dividend Date2019-08-01
1y Target Est33.14
Trade prices are not sourced from all markets
  • Colorado oil producers eager for expansion as DCP Midstream boosts capacity
    American City Business Journals

    Colorado oil producers eager for expansion as DCP Midstream boosts capacity

    Colorado oil companies expect natural gas processing constraints in the Denver-Julesburg Basin to ease with the completion of new infrastructure projects worth hundreds of millions of dollars, allowing production to rise more rapidly in coming months. Last week, Denver-based DCP Midstream LP (NYSE: DCP), the biggest natural gas processing and pipeline company in the Denver-Julesburg Basin, brought its O’Connor 2 natural gas processing plant into service and it began reaching full capacity processing 200 million cubic feet of gas daily. The $375 million project, near the town of Kersey in Weld County, is designed to bring DCP Midstream’s total natural gas processing capacity to 1.3 billion cubic feet per day in the Denver-Julesburg Basin.

  • 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

  • Colorado natural gas company shedding hundreds of jobs
    American City Business Journals

    Colorado natural gas company shedding hundreds of jobs

    Denver-based natural gas processing and pipeline giant DCP Midstream has cut hundreds of jobs from its payroll this year and plans to reduce its staff by hundreds more as it continues an efficiency push over the next 18 months. DCP Services, a subsidiary that employs the DCP Midstream (NYSE: DCP) workforce, started the year with 2,650 people on staff, the company’s filings show. There’s been about a 15% reduction in that headcount so far this year, said Sean O’Brien, DCP Midstream’s group vice president and CFO, on a Wednesday conference call about company financial results.

  • 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.

  • Moody's

    DCP Midstream, LP -- Moody's rates DCP Midstream's proposed senior notes Ba2

    Moody's Investors Service (Moody's) assigned a Ba2 rating to DCP Midstream Operating, LP 's (DCP Midstream Operating) proposed $500 million senior notes offering. DCP Midstream, LP's (DCP) existing ratings, including the Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating, B1 ratings on preferred units and SGL-3 Speculative Grade Liquidity (SGL) rating are unchanged.

  • GlobeNewswire

    DCP Midstream, LP Announces Upsizing and Pricing of $600 Million of 5.125% Senior Notes due 2029

    DCP Midstream, LP (NYSE: DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), priced an upsized offering of $600 million aggregate principal amount of its 5.125% senior notes due 2029 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.

  • GlobeNewswire

    DCP Midstream, LP Announces Public Offering of $500 Million of Senior Notes due 2029

    DCP Midstream, LP (NYSE: 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 2029, which will be fully and unconditionally guaranteed by the Partnership. The Operating Partnership intends to use the net proceeds from this offering for general partnership purposes, including the repayment of indebtedness under its revolving credit facility and the funding of capital expenditures. Citigroup Global Markets Inc., MUFG Securities Americas Inc., TD Securities (USA) LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC and SunTrust Robinson Humphrey, Inc. are acting as joint book-running managers for the offering.

  • DCP Midstream, LP (DCP) Q1 2019 Earnings Call Transcript
    Motley Fool

    DCP Midstream, LP (DCP) Q1 2019 Earnings Call Transcript

    DCP earnings call for the period ending March 31, 2019.

  • ACCESSWIRE

    DCP Midstream LP to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 7, 2019 / DCP Midstream LP (NYSE: DCP ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 7, 2019 at 10:00 AM Eastern Time. ...

  • GlobeNewswire

    DCP Midstream Reports Strong First Quarter Results

    DENVER, May 06, 2019 -- DCP Midstream, LP (NYSE: DCP), or DCP, today reported its financial results for the three months ended March 31, 2019. HIGHLIGHTS Reported net income.

  • SRC Energy Inc. (SRCI) Q1 2019 Earnings Call Transcript
    Motley Fool

    SRC Energy Inc. (SRCI) Q1 2019 Earnings Call Transcript

    SRCI earnings call for the period ending March 31, 2019.

  • Did Hedge Funds Drop The Ball On DCP Midstream LP (DCP) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On DCP Midstream LP (DCP) ?

    At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of December 31. In this […]