DCP Midstream Partners Declares Increase in Quarterly Distribution
DCP MIDSTREAM PARTNERS DECLARES
INCREASE IN QUARTERLY DISTRIBUTION
DENVER - January 28, 2014 - DCP Midstream Partners, LP (NYSE: DPM) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.7325 per common unit for the quarter ended December 31, 2013, or $2.93 per unit on an annualized basis. This represents an increase of 1.7 percent over the last quarterly distribution of $0.72 per unit paid November 14, 2013 and a 6.2 percent increase over the $0.69 per unit distribution declared with respect to the fourth quarter of 2012. The quarterly cash distribution will be paid February 14, 2014, to unitholders of record at the close of business February 7, 2014.
|Investor Relations Contact:||Andrea Attel|
DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited partnership engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and condensate; and transporting, storing and selling propane in wholesale markets. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by DCP Midstream, LLC, a joint venture between Phillips 66 and Spectra Energy. For more information, visit the DCP Midstream Partners, LP website at www.dcppartners.com