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2018 News & Events

This page contains press releases for DCP Midstream, LP. For DCP Midstream, LLC press releases, please click here.

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DateTitle  
07/11/18DCP Midstream to Host Conference Call on August 8 to Discuss Second Quarter 2018 Financial Results
DENVER, July 11, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) will host a conference call to discuss its second quarter earnings at 12:00 p.m. ET on Wednesday, August 8, 2018, which will be released after the New York Stock Exchange closes for trading on Tuesday, August 7, 2018. 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 acc... 
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07/10/18DCP Midstream, LP Announces Pricing of $500 Million of Senior Notes
DENVER, July 10, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), priced an offering of $500 million aggregate principal amount of its 5.375% senior notes due 2025 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 offering is expected to close on July 1... 
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07/10/18DCP Midstream, LP Announces Redemption of 9.75% Senior Notes due 2019
DENVER, July 10, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), plans to redeem all of its 9.75% senior notes due March 15, 2019 (CUSIP Nos.: 23311R AC0 and U24019 AC2) (the “2019 Notes”), of which an aggregate principal amount of $450 million is outstanding, subject to the receipt by the Trustee of the 2019 Notes of funds sufficient to pay the amounts due in ... 
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07/10/18DCP Midstream, LP Announces Public Offering of $500 Million of Senior Notes
DENVER, July 10, 2018 (GLOBE NEWSWIRE) -- 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 $500 million aggregate principal amount of its senior notes due 2025, which will be fully and unconditionally guaranteed by the Partnership. The Operating Partnership intends to use the net proceeds from this offering to redeem all of its outstanding 9.75% sen... 
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06/25/18SemGroup and DCP Midstream Extend Open Season on Existing Capacity of NGL Pipeline Connecting DJ Basin to Mont Belvieu
Tulsa, Okla. – June 25, 2018 – SemGroup® Corporation (NYSE:SEMG) and DCP Midstream, LP (NYSE:DCP) today announced that, due to shipper interest, they have extended by one week the binding open season for natural gas liquids (NGL) transportation service from the DJ Basin to Mont Belvieu, Texas. The transportation capacity is available via a soon-to-be converted portion of White Cliffs Pipeline and Southern Hills Pipeline, connecting Weld County, Colorado to Mont Belvieu, Texas. The project, wh... 
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06/13/18DCP Midstream Continues to Extend Its Value Chain by Securing Option for Ownership in Expansion of Sweeny Hub Fractionators
DENVER, June 13, 2018 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE:DCP) announced that it plans to further extend its value chain by securing an option to acquire up to a 30 percent ownership interest in two, 150,000 bpd natural gas liquids (NGL) fractionators to be constructed within Phillips 66’s Sweeny Hub in Old Ocean, Texas.  DCP’s option is exercisable at the in-service date of the fractionators, which is expected to be in late 2020, with a capital investment of approximately $400 ... 
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05/24/18SemGroup and DCP Midstream Announce Open Season on Existing Capacity of NGL Pipeline Connecting DJ Basin to Mont Belvieu
TULSA, Okla., May 24, 2018 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE:SEMG) and DCP Midstream, LP (NYSE:DCP) today announced a binding open season for natural gas liquids (NGL) transportation service on the White Cliffs Pipeline and Southern Hills Pipeline, which will connect Weld County, Colorado to Mont Belvieu, Texas. The project is expected to be in service in the fourth quarter of 2019 and will provide DJ Basin customers with increased NGL takeaway capacity and open access to the Texas... 
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05/21/18DCP Midstream Listed as a 2018 Fortune 500 Company
DENVER, May 21, 2018 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE:DCP) joined the Fortune 500 as #344 in the 64th running of the list. Fortune Magazine ranks companies by total revenue and DCP is one of 20 new companies to the list, and one of nine companies headquartered in Colorado. On January 23, 2017, DCP Midstream began trading under the NYSE stock ticker DCP, following a transaction combining DCP Midstream, LLC with DCP Midstream Partners. The simplified corporate structure created... 
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05/17/18DCP Midstream to Participate in MLP & Energy Infrastructure Conference
DENVER, May 17, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) announced that Wouter van Kempen, chairman, president and chief executive officer, and Sean O’Brien, group vice president and chief financial officer, will conduct a series of one-on-one and group meetings with investment community representatives at the 2018 MLP & Energy Infrastructure Conference in Orlando, Florida on May 23, 2018 and May 24, 2018. The materials used at this conference will be posted on the Investor... 
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05/09/18DCP Midstream Announces Pricing of Series B Preferred Units
DENVER, May 09, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) (“DCP”) announced today that it has priced an underwritten public offering of 6,000,000 of its 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series B Preferred Units”) at a price of $25.00 per unit. DCP also granted the underwriters a 30-day option to purchase up to 900,000 additional Series B Preferred Units.  Distributions on the Series B Preferred Units will be payable quarte... 
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05/09/18DCP Midstream, LP Announces Public Offering of Series B Preferred Units
DENVER, May 09, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) (“DCP”) announced today that it has commenced, subject to market conditions, an underwritten public offering of Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference of $25.00 per unit, representing limited partner interests in DCP (the “Series B Preferred Units”). DCP expects to grant the underwriters a 30-day option to purchase additional Series B Preferred Units. DCP in... 
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05/07/18DCP Midstream Announces Southern Hills NGL Pipeline Extension Into the DJ Basin Adding Takeaway Capacity via White Cliffs
DENVER, May 07, 2018 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE:DCP) announced that the Southern Hills natural gas liquids (NGL) pipeline will connect the DJ Basin to Cushing, Oklahoma and beyond via the White Cliffs pipeline. SemGroup, the operator of White Cliffs, plans to convert a portion of their pipeline system to NGL service and interconnect with Southern Hills. The pipeline conversion and connection with Southern Hills will provide an additional option for NGL takeaway to meet ... 
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05/07/18DCP Midstream, LP Reports Strong First Quarter Results and Extensive Multi-Year Growth Portfolio
DENVER, May 07, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP), or DCP, today reported its financial results for three months ended March 31, 2018. HIGHLIGHTS Reported net income attributable to partners of $62 million for the first quarter of 2018, or $0.08 per basic and diluted limited partner unit. Generated distributable cash flow of $171 million for the first quarter of 2018, resulting in a distribution coverage ratio of 1.10 times. Reported adjusted EBITDA of $268 mi... 
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05/03/18Enterprise, Enbridge, Western Gas Partners and DCP Midstream Conduct Open Season for Texas Express Expansion
HOUSTON & THE WOODLANDS, Texas & DENVER--(BUSINESS WIRE)--May 3, 2018-- Enterprise Products Partners L.P. (NYSE: EPD), Midcoast Operating L.P. (a subsidiary of Enbridge, Inc. (TSX, NYSE: ENB)), Western Gas Partners, LP (NYSE: WES) and DCP Midstream, LP (NYSE: DCP) today announced a binding open season for additional capacity on the Texas Express Pipeline ("Texas Express"), which transports mixed natural gas liquids ("NGL") from Skellytown, Texas in Carson County to the NGL fr... 
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05/03/18Enterprise, Western Gas Partners, and DCP Midstream Seek to Expand the Front Range Pipeline
HOUSTON & THE WOODLANDS, Texas & DENVER--(BUSINESS WIRE)--May 3, 2018-- Enterprise Products Partners L.P. (NYSE: EPD), Western Gas Partners, LP (NYSE: WES) and DCP Midstream, LP (NYSE: DCP) today announced a binding open season for additional capacity on the Front Range Pipeline ("Front Range"), which transports mixed natural gas liquids ("NGL") from the Denver-Julesburg ("DJ") Basin in Weld County, Colorado to Skellytown, Texas in Carson County. Subject to customer commitmen... 
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04/24/18DCP Midstream Announces Distributions on Its Common Units and Series A Preferred Units
DENVER, April 24, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) announced today that the board of directors of its general partner declared a first quarter 2018 common unit distribution of $0.78 per unit, or $3.12 per unit on an annualized basis. This quarterly common unit distribution will be paid May 15, 2018 to common unitholders of record at the close of business on May 8, 2018. The board of directors of DCP’s general partner also declared an initial semi-annual Series A preferr... 
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04/23/18DCP Midstream to Host Conference Call on May 8 to Discuss First Quarter 2018 Financial Results
DENVER, April 23, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) will host a conference call to discuss its first quarter earnings at 11:00 a.m. ET on Tuesday, May 8, 2018, which will be released after the New York Stock Exchange closes for trading on Monday, May 7, 2018. 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 ... 
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04/04/18DCP Midstream to Participate in Mizuho Energy Summit
DENVER, April 04, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) announced that Wouter van Kempen, chairman, president and chief executive officer will conduct a series of one-on-one and small group meetings with investment community representatives at the Mizuho Energy Summit in Napa, California on April 10, 2018. INVESTOR RELATIONS: Irene Lofland Phone: 303-605-1822 MEDIA RELATIONS: Sarah Sandberg Phone: 303-605-162... 
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03/15/18DCP Midstream Announces De Minimis Impacts as a Result of FERC’s Policy Statement
DENVER , March 15, 2018 (GLOBE NEWSWIRE) -- In response to today’s policy statement from FERC, DCP Midstream, LP (NYSE: DCP) confirms that no significant impacts to the company’s financials are expected. The revisions to the 2005 Policy Statement for Recovery of Income Tax Costs will no longer allow master limited partnership (MLP) interstate natural gas pipelines to recover an income tax allowance in cost of service rates.   “Our analysis shows that these FERC policy revisions will have de... 
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02/26/18DCP Midstream Files Form 10-K for Fiscal Year 2017
DENVER, Feb. 26, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) has filed its Form 10-K for the fiscal year ended December 31, 2017 with the Securities and Exchange Commission. A copy of the Form 10-K, which contains our audited financial statements, is available for viewing and downloading on the investor section of our website at www.dcpmidstream.com. Investors may request a hardcopy of the Form 10-K free of charge by emailing Irene Lofland at ilofland@dcpmidstream.com. I... 
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02/13/18DCP Midstream, LP Reports Strong Fourth Quarter and Full Year 2017 Results and Announces 2018 Guidance
DENVER, Feb. 13, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP), or DCP, today reported its financial results for the fourth quarter and year ended December 31, 2017 and announced its 2018 guidance. HIGHLIGHTS Reported net income attributable to partners of $60 million for the fourth quarter of 2017, or $0.10 per basic and diluted limited partner unit, and $229 million for the year ended December 31, 2017, or $0.43 per basic and diluted limited partner unit. Generated distri... 
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02/05/18Gulf Coast Express Pipeline LLC Announces Binding Open Season for Limited Remaining Capacity
HOUSTON--(BUSINESS WIRE)--Feb. 5, 2018-- Gulf Coast Express Pipeline LLC, a joint venture owned by affiliates of Kinder Morgan, Inc. (NYSE: KMI), DCP Midstream, LP (NYSE: DCP) and Targa Resources Corp. (NYSE: TRGP), today announced the start of a binding open season for 220,000 dekatherms per day (Dth/d) of firm natural gas transportation service on the Gulf Coast Express Pipeline Project (GCX Project), which will transport natural gas from the Waha, Tex... 
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01/23/18DCP Midstream Announces Quarterly Distribution
DENVER, Jan. 23, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) announced today that the board of directors of its general partner declared a fourth quarter 2017 common unit distribution of $0.78 per unit, or $3.12 per unit on an annualized basis. This quarterly cash distribution will be paid February 14, 2018 to unitholders of record at the close of business on February 7, 2018. INVESTOR RELATIONS: Irene Lofland Phone: 303-605-1822 MEDIA RELATIONS: Roz Elliott Phone: 303-605-... 
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01/18/18DCP Midstream to Participate in USCA Midstream Corporate Access Day
DENVER, Jan. 18, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) announced that Wouter van Kempen, chairman, president and chief executive officer, and Brian Frederick, president of asset operations, will conduct a series of one-on-one and small group meetings with investment community representatives at the U.S. Capital Advisors Midstream Corporate Access Day in Houston, Texas on January 23, 2018. The materials used at this conference will include updates on certain capital projects and... 
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01/17/18DCP Midstream to Host Conference Call on February 14 to Discuss Fourth Quarter and Full Year 2017 Financial Results and 2018 Guidance
DENVER, Jan. 17, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) will host a conference call to discuss its fourth quarter and full year 2017 earnings and 2018 guidance at 11:00 a.m. ET on Wednesday, February 14, 2018, which will be released after the New York Stock Exchange closes for trading on Tuesday, February 13, 2018. 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.dcpmidst... 
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01/04/18DCP Midstream to Participate in UBS Midstream and MLP Conference
DENVER, Jan. 04, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) announced that Wouter van Kempen, chairman, president and chief executive officer, and Sean O’Brien, group vice president and chief financial officer, will conduct a series of one-on-one and small group meetings with investment community representatives at the UBS Midstream and MLP Conference in Park City, Utah on January 9, 2018. INVESTOR RELATIONS: Irene Lofland Phone: 303-605-1822 ... 
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