DCP Midstream Partners Declares Quarterly Distribution; Invites Investors to Fourth Quarter 2005 Earnings Call
DENVER, Jan 25, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- DCP Midstream Partners, LP (NYSE: DPM) today announced that the board of directors of its general partner declared a prorated quarterly cash distribution to partners of $.095 per unit for the period from Dec. 7, 2005 through Dec. 31, 2005. The quarterly cash distribution will be paid on Feb. 13, 2006 to unitholders of record at the close of business on Feb. 3, 2006. This prorated quarterly distribution equates to a $.35 per unit for a complete quarter, or $1.40 per unit on an annual basis.
DCP Midstream Partners will announce its earnings for the fourth quarter of 2005 before the New York Stock Exchange opens for trading on Thursday, Feb. 9, 2006. An earnings conference call for investors and analysts is scheduled for 11 a.m. ET (10 a.m. CT) on Thursday, Feb. 9, 2006. The conference call can be accessed via webcast through the Investor section of DCP Midstream Partners' Web site at http://www.dcppartners.com or by dialing 800-510-0178 in the United States or 617-614-3450 outside the United States. The pass code is 80138849. Please call in five to 10 minutes prior to the scheduled start time. A replay of the conference call will be available until midnight ET, Feb. 16, 2006, by dialing 888-286-8010 in the United States or 617-801-6888 outside the United States. The pass code is 45430916. A replay and transcript will also be available by accessing the investor section of the company's Web site.
DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited partnership that gathers, treats, compresses, processes, transports and markets natural gas and transports and markets natural gas liquids. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. For more information, visit the DCP Midstream Partners, LP Web site at http://www.dcppartners.com.
SOURCE DCP Midstream Partners, LP
Karen Taylor of DCP Midstream Partners, LP, +1-303-633-2913, or 24-Hour, +1-303-809-9160