DCP Midstream, LP 7.875 CUM RED B
DCP-PB
New York Stock Exchange25.00
USD
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DCP Midstream, LP 7.875 CUM RED B
DCP-PB
(New York Stock Exchange)
Recent
price
25.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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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.- Similar Companies
- Business
- DCP Midstream, LP operates as a midstream energy company focused on natural gas gathering, processing, logistics, and marketing of natural gas liquids (NGLs) in the United States; it provides services including transportation, fractionation, storage, and trading of natural gas and NGLs through assets such as approximately 36 natural gas processing plants, NGL pipelines connecting to fractionation facilities and petrochemical plants, and underground storage caverns with 8 million barrels capacity serving refining, petrochemical, and propane distribution customers; primary operations span the Permian Basin (Midland and Delaware sub-basins), DJ Basin, Midcontinent, East Texas, Gulf Coast, South Texas, and Central Texas regions with NGL takeaway via key pipelines like Sand Hills. Founded in 2005 and headquartered in Denver, Colorado, the company functions as a majority-owned subsidiary of Phillips 66 following Phillips 66's $3.8 billion acquisition of its publicly held common units in June 2023, which increased Phillips 66's economic interest to 86.8% and integrated DCP's operations into Phillips 66's midstream segment for enhanced NGL value chain synergies exceeding $300 million; recent developments include the January 2025 sale of its 25% stake in Gulf Coast Express Pipeline LLC for $853 million in cash proceeds and Phillips 66's July 2024 acquisition of Pinnacle Midstream to expand Permian Basin gathering and processing capabilities, alongside ongoing NGL fractionation capacity growth to 889,000 barrels per day as of April 2025 and net natural gas processing of 4.8 billion cubic feet per day.