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2010 News & Events

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

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12/02/10DCP Midstream Partners, LP and DCP Midstream, LLC to Present at Wells Fargo Securities Pipeline & MLP Symposium
DENVER, CO -- (MARKET WIRE) -- 12/02/10 -- DCP Midstream Partners, LP (NYSE: DPM) and DCP Midstream LLC, will be presenting separately at the Wells Fargo Securities Pipeline & MLP Symposium on Tuesday, Dec. 7, 2010, in New York City. Mark A. Borer, president and chief executive officer of DCP Midstream Partners, LP, will present at approximately 1:40 p.m. ET. To listen to a live audio webcast of the presentation and to view the related presentation material, visit the website at www.dcppartner... 
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11/10/10DCP Midstream Partners to Present at Master Limited Partnership Investor Conference
DENVER--(BUSINESS WIRE)-- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today announced that Mark A. Borer, president and chief executive officer, will present at the Bank of America Merrill Lynch 2010 Global Energy Conference, at approximately 1:45 p.m. ET on November 12, 2010 at the Fontainebleau Hotel in Miami Beach, Florida. To listen to a live audio webcast of the presentation and to view the related presentation material, visit the Partnership's website at http://www.dcppar... 
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11/10/10DCP Midstream Partners Announces Pricing of Public Offering of Common Units
DENVER--(BUSINESS WIRE)-- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) announced today that it has priced an underwritten public offering of 2,500,000 common units representing limited partner interests at $34.96 per common unit. The offering is expected to close on November 16, 2010. The Partnership also granted the underwriters a 30-day option to purchase up to 375,000 additional common units to cover over-allotments, if any. The Partnership intends to use the net proceeds from t... 
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11/09/10DCP Midstream Partners Announces Public Offering of Common Units
DENVER--(BUSINESS WIRE)-- DCP Midstream Partners, LP (NYSE: DPM) (the “Partnership”) today announced that it has commenced, subject to market conditions, an underwritten public offering of 2,500,000 of its common units representing limited partner interests. The Partnership also intends to grant the underwriters a 30-day option to purchase up to 375,000 additional common units to cover over-allotments, if any. The Partnership intends to use the net proceeds from this offering, including the pr... 
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11/04/10DCP Midstream Partners Reports Third Quarter 2010 Results
Company Release - 11/04/2010 22:21 Financial results in line with 2010 DCF forecast Announced agreement with DCP Midstream to acquire 33 percent of DCP Southeast Texas joint venture Successfully executed inaugural investment grade public debt offering DENVER--(BUSINESS WIRE)-- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today reported financial results for the three and nine months ended September 30, 2010. THIRD QUARTER AND YEAR TO DATE SUMMARY RESULTS &... 
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10/26/10DCP Midstream Partners Declares Quarterly Distribution
DENVER--(BUSINESS WIRE)-- DCP Midstream Partners, LP (NYSE: DPM) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.61 per unit for the quarter ended September 30, 2010. The quarterly cash distribution will be paid on November 12, 2010, to unitholders of record at the close of business on November 5, 2010. This quarterly distribution equates to $2.44 per unit on an annual basis. DCP Midstream Partners, LP (NYSE: DPM) is a midstream m... 
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10/25/10DCP Midstream Partners to Release Third Quarter 2010 Results on November 4
DENVER--(BUSINESS WIRE)-- DCP Midstream Partners, LP (NYSE: DPM) will announce its earnings for the quarter ended September 30, 2010, after the New York Stock Exchange closes for trading on Thursday, November 4, 2010. An earnings conference call for investors and analysts is scheduled for 9:00 a.m. ET on Friday, November 5, 2010. 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 1-877-317-6... 
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09/23/10DCP Midstream Partners Announces Public Offering of Senior Notes
DENVER--(BUSINESS WIRE)-- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the Operating Partnership), has priced an offering of $250 million aggregate principal amount of 3.250% senior notes due 2015 (the Notes) at a price to the public of 99.922% of their face value. The Notes will be issued by the Operating Partnership pursuant to an effective registration statement on Form S-3 (File Nos. 333-167108 and 333... 
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09/16/10Planned Appalachian Gathering Joint Venture Between Eureka Hunter Pipeline and DCP Midstream in West Virginia and Ohio
HOUSTON, Sept. 16 /PRNewswire-FirstCall/ -- Magnum Hunter Resources Corporation (NYSE Amex: MHR and MHR-PC) (Magnum Hunter, or the Company) announced today that a wholly-owned subsidiary, Eureka Hunter Pipeline, LLC (Eureka Hunter Pipeline), and DCP Midstream Partners, LP (NYSE: DPM) and its sponsor, DCP Midstream, LLC (together, DCP), have entered into a Letter of Intent to create a natural gas gathering joint venture (the Gathering JV) between Eureka Hunter Pipeline and DCP for the gathering o... 
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08/11/10DCP Midstream Partners Announces Pricing of Public Offering of Common Units
DENVER, Aug. 11 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) today announced that it has priced an underwritten public offering of 2,600,000 common units representing limited partner interests at $32.57 per common unit. The offering is expected to close on August 16, 2010. The Partnership also granted the underwriters a 30-day option to purchase up to 390,000 additional common units to cover over-allotments, if any. The Partnership intends to use the net p... 
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08/10/10DCP Midstream Partners Announces Public Offering of Common Units
DENVER, Aug. 10 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) today announced that it has commenced, subject to market conditions, an underwritten public offering of 2,600,000 of its common units representing limited partner interests. The Partnership also intends to grant the underwriters a 30-day option to purchase up to 390,000 additional common units to cover over-allotments, if any. The Partnership intends to use the net proceeds from this offering, in... 
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08/05/10DCP Midstream Partners Reports Second Quarter 2010 Results
Company Release - 08/05/2010 21:17 - Financial results in line with 2010 DCF forecast - Declared 1.7 percent increase in quarterly distribution - Expanded wholesale propane business into Mid-Atlantic region with closing of previously announced propane terminal acquisition - Acquired additional 55 percent ownership interest in Black Lake fee-based NGL pipeline DENVER, Aug. 5 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today reported financial... 
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07/27/10DCP Midstream Partners Declares Increase in Quarterly Distribution
DENVER, July 27 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.61 per unit for the quarter ended June 30, 2010. This represents an increase of 1.7 percent over the last quarterly distribution of $0.60 per unit paid on May 14, 2010. The quarterly cash distribution will be paid on August 13, 2010, to unitholders of record at the close of business on August 6, 2010. This... 
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07/26/10DCP Midstream Partners to Release Second Quarter 2010 Results on August 5
DENVER, July 26 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) will announce its earnings for the quarter ended June 30, 2010, after the New York Stock Exchange closes for trading on Thursday, August 5, 2010. An earnings conference call for investors and analysts is scheduled for 9:00 a.m. ET on Friday, August 6, 2010. 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 1-87... 
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07/21/10DCP Midstream Partners to Expand Wholesale Propane Business Into Mid-Atlantic Region With $49 Million Acquisition
Company Release - 07/21/2010 16:54 DENVER, July 21 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) today announced that it entered into an agreement with a subsidiary of UGI Corporation (NYSE: UGI) (UGI) to acquire Atlantic Energy, one of UGI's wholly owned subsidiaries, for $49 million in cash. Atlantic Energy owns and operates a marine import terminal with 20 million gallons of above ground storage in the Port of Chesapeake, Virginia. The assets serv... 
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06/29/10DCP Midstream, LLC Completes Acquisition From Ceritas Energy in Texas
Company Release - 06/29/2010 16:32 DENVER, June 29 /PRNewswire-FirstCall/ -- DCP Midstream, LLC today announced that it has acquired the Liberty gathering system and south Raywood processing plant from Ceritas Energy in Liberty County, Texas. The Liberty gathering pipeline system will interconnect with DCP Midstream's Centana Intrastate Pipeline (CIPCO) system in southeast Texas, which will provide additional flexibility and capacity to serve customers in this region. The acquisition in... 
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06/03/10DCP Midstream Partners Announces New Member to Its Board of Directors
DENVER, June 3 /PRNewswire-FirstCall/ -- DCP Midstream GP, LLC, the general partner of DCP Midstream Partners, LP (NYSE: DPM), or the General Partner, announced the appointment of Jeff W. Sheets as the ConocoPhillips representative to the board of directors.  ConocoPhillips owns 50 percent of the owner of the General Partner, DCP Midstream, LLC.  Following this change, the board members affiliated with the General Partner or its owners will be Tom O'Connor, Mark Borer, Alan Harris, Joh... 
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05/27/10EQT Corporation, DCP Midstream Partners, and DCP Midstream, LLC Announce Plans for NGL Joint Venture in the Appalachian Basin
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05/10/10DCP Midstream Partners Receives Investment Grade Credit Rating From Fitch Ratings
DENVER, May 10 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) today announced that it has received an investment grade rating of BBB-/Stable from Fitch Ratings (Fitch).  Fitch indicated that in addition to the Partnership's stand-alone credit strengths that include relatively predictable cash flows supported by the company's portfolio of fee-based assets, including margins from its wholesale propane business, an active hedging program that significantly m... 
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05/06/10DCP Midstream Partners Reports First Quarter 2010 Results
Company Release - 05/06/2010 20:41 - Financial results in line with 2010 DCF forecast -Delivered 1.3x distribution coverage -Committed $40 million to fee-based NGL pipeline acquisition and expansion project DENVER, May 6 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today reported financial results for the three months ended March 31, 2010. The table below reflects first quarter 2010 and first quarter 2009 results on a consolidated basis and fi... 
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05/04/10DCP Midstream Partners to Present at Master Limited Partnership Investor Conference
DENVER, May 4 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today announced that Mark A. Borer, president and chief executive officer, will present at the 2010 Master Limited Partnership Investor Conference, sponsored by the National Association of Publicly Traded Partnerships, at approximately 4:00 p.m. ET on May 12, 2010 at the Hyatt Regency in Greenwich, Connecticut. To listen to a live audio webcast of the presentation and to view the related present... 
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04/27/10DCP Midstream Partners Declares Quarterly Distribution
DENVER, April 27 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.60 per unit for the quarter ended March 31, 2010.  The quarterly cash distribution will be paid on May 14, 2010, to unitholders of record at the close of business on May 7, 2010.  This quarterly distribution equates to $2.40 per unit on an annual basis.   This release ser... 
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04/21/10DCP Midstream Partners to Release First Quarter 2010 Results on May 6
DENVER, April 21 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) will announce its earnings for the quarter ended March 31, 2010, after the New York Stock Exchange closes for trading on Thursday, May 6, 2010.  An earnings conference call for investors and analysts is scheduled for 10 a.m. ET on Friday, May 7, 2010.  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 dialin... 
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03/03/10DCP Midstream Partners Reports Solid Fourth Quarter and Year End 2009 Results
Company Release - 03/03/2010 20:30 - Delivered 1.45x distribution coverage in the fourth quarter and 1.20x for the year - Achieved investment grade credit rating - Strategic acquisitions increase fee-based margins DENVER, March 3 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today reported financial results for the three and twelve months ended December 31, 2009. The table below reflects 2009 and 2008 results on a consolidated basis and 2008 re... 
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02/04/10DCP Midstream Partners to Release Fourth Quarter and Year End 2009 Results on March 3
DENVER, Feb. 4 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) will announce its earnings for the quarter and year ended Dec. 31, 2009, after the New York Stock Exchange closes for trading on Wednesday, March 3, 2010.  An earnings conference call for investors and analysts is scheduled for 10 a.m. ET on Thursday, March 4, 2010.  The conference call can be accessed via webcast through the Investor section of DCP Midstream Partners' Web site at http://www.dcppartners.com... 
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01/28/10DCP Midstream Partners Expands Natural Gas Liquids Business With $22 Million Acquisition of Rockies Pipeline
Company Release - 01/28/2010 09:00 DENVER, Jan. 28 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the "Partnership") today announced that it has acquired an interstate natural gas liquids (NGL) pipeline system from Buckeye Partners, L.P. (NYSE: BPL) for $22 million in cash. The 350 mile pipeline originates in the Denver-Julesburg ("DJ") Basin in Colorado and terminates near the Conway hub in Bushton, Kansas. DCP Midstream, LLC ("DCP Midstream"), owner of the Partnersh... 
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01/26/10DCP Midstream Partners Declares Quarterly Distribution
DENVER, Jan. 26 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.60 per unit for the quarter ended Dec. 31, 2009.  The quarterly cash distribution will be paid on Feb. 12, 2010, to unitholders of record at the close of business on Feb. 5, 2010.  This quarterly distribution equates to $2.40 per unit on an annual basis.   (Logo:  htt... 
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