DCP Midstream, LP
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Donald A. Baldridge
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- 6900 East Layton Avenue Denver CO United States of America 80237
- IPO Date
- Dec 6, 2005
- CIK
- 0001338065
- Website
- dcpmidstream.com
- Similar Companies
- Business
- DCP Midstream, LP (NYSE: DCP) owns, operates, acquires and develops a diversified portfolio of midstream energy assets focused on natural gas gathering, processing, logistics and marketing in the United States. The company engages in gathering, compressing, treating and processing natural gas; producing, fractionating, transporting, storing and marketing natural gas liquids (NGLs) and residue gas; recovering condensate; and providing logistics services including NGL pipelines, fractionation, trading and storage to petrochemical, refining companies and retail propane distributors across key shale plays such as the Permian Basin, Eagle Ford, DJ Basin and SCOOP, with approximately 36 natural gas processing plants and operations serving major U.S. production and market centers. Headquartered in Denver, Colorado and founded in 2005, DCP Midstream operates as a master limited partnership majority-owned by Phillips 66, which increased its economic interest to 86.8% through the $3.8 billion acquisition of all publicly held common units completed in June 2023, alongside a 13.2% stake held by Enbridge in the general partner. Recent developments include Phillips 66's integration of DCP Midstream into its midstream operations yielding at least $300 million in commercial and operational synergies, the January 2025 sale of DCP's 25% stake in Gulf Coast Express Pipeline LLC for $853 million in gross proceeds applied to debt reduction alongside repayment of $525 million senior notes due July 2025, Moody's upgrade of DCP's ratings to Baa2 in March 2025 reflecting stable earnings and deleveraging, and the September 2025 startup of the Dos Picos II cryogenic gas processing plant in the Permian Basin adding 220 million standard cubic feet per day of capacity from Phillips 66's prior Pinnacle Midstream assets.
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