DCP - DCP Midstream, LP

NYSE - NYSE Delayed price. Currency in USD
10.13
+0.38 (+3.90%)
At close: 4:00PM EDT
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Previous close9.75
Open9.61
Bid9.54 x 900
Ask10.19 x 1000
Day's range9.44 - 10.29
52-week range2.20 - 31.49
Volume1,493,002
Avg. volume1,943,926
Market cap2.11B
Beta (5Y monthly)3.86
PE ratio (TTM)N/A
EPS (TTM)-4.39
Earnings date04 Aug 2020 - 10 Aug 2020
Forward dividend & yield1.56 (16.00%)
Ex-dividend date30 Apr 2020
1y target est10.58
  • DCP Midstream and Kairos Aerospace Launch Methane Management Initiative Driven by Emerging Technologies
    Business Wire

    DCP Midstream and Kairos Aerospace Launch Methane Management Initiative Driven by Emerging Technologies

    Today, DCP Midstream, LP (NYSE: DCP) and Kairos Aerospace, Inc. announced a groundbreaking new methane management initiative across DCP’s portfolio of natural gas assets. The initiative will use Kairos’ sophisticated airborne methane monitoring techniques and advanced data analytics to digitally enable DCP’s goals of operational excellence and sustainability.

  • Tallgrass Energy Announces Cheyenne Connector Pipeline In-Service; D-J Basin Supply Gains First Firm Access to Rockies Express Pipeline Through REX Cheyenne Hub Enhancement Project
    Business Wire

    Tallgrass Energy Announces Cheyenne Connector Pipeline In-Service; D-J Basin Supply Gains First Firm Access to Rockies Express Pipeline Through REX Cheyenne Hub Enhancement Project

    Tallgrass Energy Announces Cheyenne Connector In-Service; D-J Gains First Firm Access to Rockies Express Pipeline Via REX Cheyenne Hub Enhancement

  • The Zacks Analyst Blog Highlights: Microvision, Veritone, Remark, Novavax and DCP
    Zacks

    The Zacks Analyst Blog Highlights: Microvision, Veritone, Remark, Novavax and DCP

    The Zacks Analyst Blog Highlights: Microvision, Veritone, Remark, Novavax and DCP

  • Wall Street Readies for Best Quarter Ever: 5 Picks
    Zacks

    Wall Street Readies for Best Quarter Ever: 5 Picks

    The S&P 500 is up 21.2% so far in Q2 and is on pace for its biggest quarterly gain since Q1 of 1975. Similarly, the Nasdaq is up 31.6% since the end of Q1, putting it on pace for its second-best quarter ever.

  • GlobeNewswire

    DCP Midstream, LP Announces Pricing of an Upsized $500 Million of 5.625% Senior Notes due 2027

    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 $500 million aggregate principal amount of its 5.625% senior notes due 2027 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. 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.

  • GlobeNewswire

    DCP Midstream, LP Announces Public Offering of $400 Million of Senior Notes due 2027

    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 $400 million aggregate principal amount of its senior notes due 2027 (the “Senior Notes”). The Senior Notes will be fully and unconditionally guaranteed by the Partnership.

  • New Strong Buy Stocks for June 16th
    Zacks

    New Strong Buy Stocks for June 16th

    New Strong Buy Stocks for June 16th

  • EQM Midstream (EQM) Looks Good: Stock Adds 9.7% in Session
    Zacks

    EQM Midstream (EQM) Looks Good: Stock Adds 9.7% in Session

    EQM Midstream (EQM) saw a big move last session, as its shares jumped nearly 10% on the day, amid huge volumes.

  • Why Units of DCP Midstream Rallied 40% in May
    Motley Fool

    Why Units of DCP Midstream Rallied 40% in May

    Units of MLP DCP Midstream (NYSE: DCP) surged 40.1% in May, according to data provided by S&P Global Market Intelligence. Fueling the rally were its first-quarter results and an improvement in the oil market. DCP Midstream reported surprisingly strong first-quarter results last month.

  • Here's What Makes DCP Midstream (DCP) an Attractive Bet Now
    Zacks

    Here's What Makes DCP Midstream (DCP) an Attractive Bet Now

    DCP Midstream (DCP) generates solid fee-based margins from its diversified portfolio of downstream assets, comprising NGL pipelines, fractionators along with NGL storage facilities.

  • 4 Midstream Energy Stocks to Buy Amid Coronavirus Qualms
    Zacks

    4 Midstream Energy Stocks to Buy Amid Coronavirus Qualms

    Midstream energy players are relatively less exposed to volatility in oil and gas prices and hence are relatively immune to the coronavirus outbreak.

  • Is Phillips 66 Stock a Buy?
    Motley Fool

    Is Phillips 66 Stock a Buy?

    Shares of Phillips 66 (NYSE: PSX) have been quite volatile this year. The refining company's stock tumbled more than 60% at one point because of the impact the COVID-19 outbreak had on demand for refined products like gasoline and jet fuel. Phillips 66 has a long history of creating value for investors.

  • Is DCP Midstream Stock a Buy?
    Motley Fool

    Is DCP Midstream Stock a Buy?

    DCP Midstream (NYSE: DCP) is a significant player in the North American midstream industry, but units of the MLP have been trading all over the place. You can imagine that times have been tough for DCP given the unprecedented collapse in oil prices. The company is a top natural gas liquid (NGL) producer, https://www.dcpmidstream.com/getattachment/Asset-Bundles/DCP-Midstream-%E2%80%93-Sand-Hills-Pipeline-(Joint-Venture/DCP-Midstream-Partners-Sand-Hills-Pipeline-factsheet.pdf.aspxgas processor, and energy logistics company with operations across nine states, including major basins like the Permian Basin, the Denver Julesburg-Basin, the Eagle Ford, and Mid-Continent.

  • Investing.com

    RBC Capital Sticks to Their Hold Rating for Dcp Midstream Partners Lp

    RBC Capital analyst Elvira Scotto maintained a Hold rating on Dcp Midstream Partners (NYSE:DCP) Lp on Monday, setting a price target of $9, which is approximately 15.53% above the present share price of $7.79.

  • Why Units of DCP Midstream Partners Skyrocketed 134% in April
    Motley Fool

    Why Units of DCP Midstream Partners Skyrocketed 134% in April

    It would be an understatement to say that units of DCP Midstream (NYSE: DCP) have been volatile this year. The MLP nose-dived a stunning 73.9% in March and then followed that up with an epic 133.9% rally in April, according to data provided by S&P Global Market Intelligence. Fueling that wild ride were huge swings in energy prices, which forced the energy company to make several changes so that it could navigate the industry's current challenges.

  • DCP Midstream, LP (DCP) Q1 2020 Earnings Call Transcript
    Motley Fool

    DCP Midstream, LP (DCP) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. DCP Midstream, LP (NYSE: DCP)Q1 2020 Earnings CallMay 9, 2020, 11:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, ladies and gentlemen, and welcome to the Q1 2020 DCP Midstream Earnings Conference call.

  • Is DCP Midstream (DCP) a Suitable Stock for Value Investors?
    Zacks

    Is DCP Midstream (DCP) a Suitable Stock for Value Investors?

    Let's see if DCP Midstream, LP (DCP) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

  • GlobeNewswire

    DCP Midstream Reports First Quarter Results

    DENVER, May 06, 2020 -- Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the three months ended March 31, 2020. HIGHLIGHTS Net loss attributable to.

  • DCP Midstream (DCP) to Report Q1 Earnings: What's in Store?
    Zacks

    DCP Midstream (DCP) to Report Q1 Earnings: What's in Store?

    Lower NGL production is likely to have hurt DCP Midstream's (DCP) Q1 results.

  • GlobeNewswire

    DCP Midstream Announces Common and Preferred Unit Distributions

    DENVER, April 21, 2020 -- DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a first quarter 2020 common unit.

  • GlobeNewswire

    DCP Midstream to Host Conference Call on May 7 to Discuss First Quarter 2020 Financial Results

    DCP Midstream, LP (DCP) will host a conference call to discuss its first quarter 2020 earnings at 11:00 a.m. ET on Thursday, May 7, 2020, which will be released after the New York Stock Exchange closes for trading on Wednesday, May 6, 2020. 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 May 21, 2020, by dialing (855) 859-2056 in the United States or (404) 537-3406 outside the United States and using the above conference confirmation number.

  • South Africa CEOs Heed President’s Call to Take Pay Cuts
    Bloomberg

    South Africa CEOs Heed President’s Call to Take Pay Cuts

    (Bloomberg) -- South Africa Inc. is putting up and shutting up.Business leaders across industries are following President Cyril Ramaphosa and his cabinet in taking about a third of their pay for the next three months and donating the money to a government fund to fight the coronavirus. Their largesse comes after months of criticism of the government’s failure to implement structural reforms needed to revive the economy.For Rob Shuter, the chief executive officer of Africa’s largest mobile-phone company MTN Group Ltd., that will mean a donation of about 1.43 million rand ($77,000), based on his basic annual pay last year of 17.3 million rand. Alan Pullinger, the CEO of the continent’s most valuable bank, FirstRand Ltd., will be giving away more than 730,000 rand.The show of support from company bosses will bolster the trust and confidence Ramaphosa enjoys from business, although it may come at a cost to winning over rival factions within his ruling African National Congress, said political analyst Ralph Mathekga.“Politically it says business is too close to government to the point they might be dictating,” he said by phone. Still, for the first time since schisms in the party erupted with Ramaphosa taking over as president from the scandal-tainted Jacob Zuma in February 2018, corporates are stepping in with donations, Mathekga said.His ascension to the presidency was greeted with “Ramaphoria,” a term coined to describe investor confidence on expectations that he would reform a struggling economy.By the middle of last year, that exuberance had all but dissipated as infighting in the ANC crippled progress, with business leaders criticizing his dithering on big decisions dealing with debt-laden state-owned companies and structural changes in the economy.That was until the coronavirus struck and Ramaphosa sprang state machinery into action. He started with a 21-day lockdown on March 27 that was later extended to the end of April. The central bank cut interest rates to a record low, injected liquidity into capital markets and loosened capital rules for banks to free up money for lending to try contain some of the damage.The country’s richest were among the first to respond, with the family of Nicky Oppenheimer and that of Johann Rupert committing 1 billion rand each to support small businesses and save jobs. The Oppenheimer family later added another 1 billion rand, while that of billionaire Patrice Motsepe and his companies pledged to spend 1 billion rand on fighting the Covid-19 pandemic.Next ChallengeCompanies are also responding in other ways. Investec Group, a South African bank and wealth manager whose top executives are also donating their pay for the next three months, is providing two meals a day to 100,000 people, CEO Fani Titi said in an interview.The Johannesburg Stock Exchange donated two-days of trading, clearing and settlement revenue to the government’s Solidarity Fund, while chemicals firm Sasol Ltd. provided a million liters of jet fuel to help repatriate South Africans stuck abroad. Insurer Old Mutual Ltd. is providing free life cover to health workers, while Dis-Chem Pharmacies Ltd. is matching contributions made from members of its loyalty program.Ramaphosa’s next challenge is getting business leaders behind efforts to reboot the continent’s most-industrialized economy. A virtual cabinet meeting on Wednesday night decided that further discussions were needed to before a final economic plan can be approved at the next meeting on April 20, the government said in a statement.“The devastating casualty of the lockdown is people’s livelihoods,” said James Formby, the CEO of investment bank Rand Merchant Bank. “We need to shift the strategy from lockdown to gradual restart to avoid irretrievable economic damage.”(Updates table to add Momentum Metropolitan Holdings)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GlobeNewswire

    DCP MIDSTREAM ANNOUNCES COST, WORKFORCE, AND CAPITAL REDUCTIONS

    Today, in response to unprecedented market conditions and an uncertain economic outlook caused by the COVID-19 pandemic, DCP Midstream, LP (DCP) announced a 15% workforce reduction across its nine-state footprint. The reduction in force, voluntary reductions in senior executive compensation, and other internal cost savings will result in $40 million of incremental retained cash flow.

  • GlobeNewswire

    DCP Midstream to Participate in SunTrust Robinson Humphrey Power, Utilities & Midstream Summit

    DENVER, April 03, 2020 -- DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president, and chief executive officer and Sean O’Brien, group vice.

  • GlobeNewswire

    DCP Midstream to Participate in Mizuho Energy Summit

    DENVER, March 26, 2020 -- DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president, and chief executive officer will conduct a series of one-on-one.