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2009 News & Events

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

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12/16/09DCP Midstream Partners Announces Closing of Underwriters' Overallotment Option
DENVER, Dec. 16 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the "Partnership") today announced that the underwriters of its recent public offering of 2,500,000 common units purchased all 375,000 common units which were subject to their option in the underwriting agreement to cover overallotments. The exercise price for the additional common units was $25.40, the same as the price of the 2,500,000 common units. (Logo: http://www.newscom.com/cgi-bin/prnh/20080805/LATU124LOG... 
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12/07/09DCP Midstream Partners Receives Investment Grade Credit Rating From Standard & Poor's
DENVER, Dec. 7 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the "Partnership") today announced that it has received an investment grade credit rating of BBB-/Stable from Standard and Poor's ("S&P"). In addition to the Partnership's stand-alone credit strengths which include a sizeable portion of fee-based revenues, good geographic diversity and a multi-year commodity hedging policy, S&P indicated that the rating reflects the strong linkage to its sponsor, DCP Midstre... 
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12/03/09DCP Midstream Partners, LP and DCP Midstream, LLC to Present at Wells Fargo Securities Pipeline & MLP Symposium
DENVER, Dec. 3 /PRNewswire-FirstCall/ -- 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. 8, 2009, in New York City. (Logo: http://www.newscom.com/cgi-bin/prnh/20080805/LATU124LOGO-b) (Logo: http://www.newscom.com/cgi-bin/prnh/20080306/CLTH106LOGO) Mark A. Borer, president and chief executive officer of DCP Midstream Partners, LP, will present at approximately 10:45 a.m. ET.... 
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11/24/09DCP Midstream Partners Closes Previously Announced Acquisition of Michigan Gas Gathering and Treating Assets
Company Release - 11/24/2009 15:00 DENVER, Nov. 24 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the "Partnership") today announced the closing of its acquisition of certain natural gas gathering and treating assets for $45.1 million in cash from MichCon Pipeline Company, a subsidiary of DTE Energy. The assets are located in northern Michigan adjacent to the Partnership's existing assets. These assets provide essential services for gas produced from the Antrim Sh... 
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11/19/09DCP Midstream Partners Announces Pricing of Public Offering of Common Units
DENVER, Nov. 19 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the "Partnership") today announced that it has priced an underwritten public offering of 2,500,000 common units representing limited partner interests at $25.40 per common unit. The offering is expected to close on Nov. 24, 2009. The Partnership also granted the underwriters a 30-day option to purchase up to 375,000 additional common units to cover any over-allotments, if any. The Partnership intends to use the ne... 
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11/18/09DCP Midstream Partners Announces Public Offering of Common Units
DENVER, Nov. 18 /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 2,500,000 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, i... 
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11/18/09DCP Midstream Partners to Expand Presence in Michigan With $45.1 Million Acquisition of Gas Gathering and Treating Assets
Company Release - 11/18/2009 16:12 DENVER, Nov. 18 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the "Partnership") today announced that it has entered into an agreement with MichCon Pipeline Company, a subsidiary of DTE Energy, to acquire certain natural gas gathering and treating assets for $45.1 million in cash. The assets are located in northern Michigan adjacent to the Partnership's existing assets. These assets provide essential services for gas produced fr... 
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11/05/09DCP Midstream Partners Reports Third Quarter 2009 Results
Company Release - 11/05/2009 20:28 DENVER, Nov. 5 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today reported financial results for the three and nine months ended September 30, 2009. The table below reflects 2009 and 2008 results on a consolidated basis and 2008 results as originally reported. (Logo: http://www.newscom.com/cgi-bin/prnh/20080805/LATU124LOGO-b) THIRD QUARTER AND YEAR TO DATE HIGHLIGHTS Three... 
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10/27/09DCP Midstream Partners Declares Quarterly Distribution
DENVER, Oct. 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 Sept. 30, 2009. The quarterly cash distribution will be paid on Nov. 13, 2009, to unitholders of record at the close of business on Nov. 6, 2009. This quarterly distribution equates to $2.40 per unit on an annual basis. (Logo: http://www.newscom.com/cgi... 
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10/19/09DCP Midstream Partners to Release Third Quarter 2009 Results on November 5
DENVER, Oct. 19 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) will announce its earnings for the quarter ended Sept. 30, 2009, after the New York Stock Exchange closes for trading on Thursday, Nov. 5, 2009. An earnings conference call for investors and analysts is scheduled for 10 a.m. ET on Friday, Nov. 6, 2009. 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 800-860-2... 
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09/02/09DCP Midstream Partners to Present at Master Limited Partnership Investor Conference
DENVER, Sept. 2 /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 2009 Master Limited Partnership Investor Conference, sponsored by the National Association of Publicly Traded Partnerships, at approximately 8:30 a.m. EDT on Sept. 16, 2009, at the Hyatt Regency in Greenwich, Connecticut. (Logo: http://www.newscom.com/cgi-bin/prnh/20080805/LATU124LOGO-b) To listen t... 
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08/06/09/C O R R E C T I O N -- DCP Midstream Partners Corrects Adjusted Net Income Per Unit in Second Quarter 2009 Earnings Release/
Reported Earnings Unchanged DENVER, Aug. 7 -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, is reissuing its earnings release announcing its financial results for the second quarter of 2009 to correct the "adjusted net income per unit" calculation for the three and six months ended June 30, 2009. No other amounts in the earnings release were affected. For the three months ended June 30, 2009, "adjusted net income per unit," a non-GAAP financial measure, was incorrectly reflected a... 
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08/06/09DCP Midstream Partners Reports Second Quarter 2009 Results
Delivers 1.0x distribution coverage in the second quarter and 1.2x year to date  Company Release - 08/06/2009 21:15 DENVER, Aug. 6 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today reported financial results for the three and six months ended June 30, 2009. The table below reflects 2009 and 2008 results on a consolidated basis and 2008 results as originally reported. (Logo: http://www.newscom.com/cgi-bin/prnh/20080805/LATU124LOGO-b) S... 
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07/28/09DCP Midstream Partners Declares Quarterly Distribution
DENVER, July 28 /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 June 30, 2009. The quarterly cash distribution will be paid on Aug. 14, 2009, to unitholders of record at the close of business on Aug. 7, 2009. This quarterly distribution equates to $2.40 per unit on an annual basis. This release serves as qualified n... 
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07/17/09DCP Midstream Partners to Release Second Quarter 2009 Results on August 6
DENVER, July 17 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) will announce its earnings for the quarter ended June 30, 2009, after the New York Stock Exchange closes for trading on Thursday, Aug. 6, 2009. An earnings conference call for investors and analysts is scheduled for 10 a.m. ET on Friday, Aug. 7, 2009. 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 800-860-24... 
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05/07/09DCP Midstream Partners Reports Solid First Quarter 2009 Results
Company Release - 05/07/2009 19:30 - Diversified asset base delivers 1.4x distribution coverage - Record results for wholesale propane business DENVER, May 7 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today reported financial results for the three months ended March 31, 2009. FIRST QUARTER HIGHLIGHTS Three Months ... 
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05/06/09DCP Midstream Partners and DCP Midstream Initiate Service on New Pipeline Extension in East Texas
DENVER, May 6 /PRNewswire-FirstCall/ -- On May 1, DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) and DCP Midstream, LLC, began service of a new gas gathering pipeline in southern Panola County, Texas that is owned by their East Texas joint venture. The $56 million pipeline, announced in August 2008, extends the joint venture's gathering footprint to access dedicated volumes from the Minden Field in Rusk County and surrounding areas. (Logo: http://www.newscom.com/cgi-bin/prnh/20080805... 
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04/28/09DCP Midstream Partners Declares Quarterly Distribution
DENVER, April 28 /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, 2009. The quarterly cash distribution will be paid on May 15, 2009, to unitholders of record at the close of business on May 8, 2009. This quarterly distribution equates to $2.40 per unit on an annual basis. This release serves as qualified n... 
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04/24/09DCP Midstream Partners to Release First Quarter 2009 Results on May 7
DENVER, April 24 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) will announce its earnings for the quarter ended March 31, 2009, after the New York Stock Exchange closes for trading on Thursday, May 7, 2009. An earnings conference call for investors and analysts is scheduled for 10 a.m. ET on Friday, May 8, 2009. 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 800-860-24... 
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04/01/09DCP Midstream Partners Completes Acquisition of Additional Interest in East Texas Joint Venture From DCP Midstream
Company Release - 04/01/2009 17:30 DENVER, April 1 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) announced today it has completed the previously announced acquisition of an additional 25.1 percent ownership interest in DCP East Texas Holdings, LLC from the owner of its general partner, DCP Midstream. The transaction was fully financed through the issuance of Partnership units to DCP Midstream. The Partnership now owns 50.1 percent of the East Texas joi... 
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03/30/09DCP Midstream Partners Announces Return to Full Service of Discovery Lateral and Wyoming Gathering System
DENVER, March 30 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) today announced its Discovery offshore gas gathering system and Wyoming gas gathering system have both been returned to full service. (Logo: http://www.newscom.com/cgi-bin/prnh/20080805/LATU124LOGO-b) Discovery's offshore gathering system sustained damage during Hurricane Ike in September 2008, when an 18-inch lateral was severed from its connection to the 30-inch mainline in 250 feet of wate... 
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03/12/09DCP Midstream and DCP Midstream Partners Announce Full Return of East Texas Operations Following Previously Announced Third Party Caused Pipeline Rupture
DENVER, March 12 /PRNewswire-FirstCall/ -- DCP Midstream, LLC and its master limited partnership DCP Midstream Partners, LP (NYSE: DPM), announced they have fully restored operations at their jointly owned natural gas processing complex and residue gas delivery system, known as the Carthage Hub, in East Texas. Production was temporarily shut in following the February 11 fire resulting from a third-party underground pipeline rupture occurring just outside DCP Midstream's property. The complex co... 
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02/25/09DCP Midstream and DCP Midstream Partners Announce Partial Return of East Texas Processing Complex Operations Following Third Party Caused Pipeline Rupture
DENVER, Feb. 25 /PRNewswire-FirstCall/ -- DCP Midstream, LLC, and its master limited partnership DCP Midstream Partners, LP (NYSE: DPM), announced they have partially restarted operations at their jointly owned natural gas processing complex in East Texas. Production was temporarily shut in at the processing complex and their jointly owned residue gas delivery system following the February 11 fire caused by a third-party underground pipeline rupture occurring just outside DCP Midstream's propert... 
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02/25/09DCP Midstream Partners Reports Fourth Quarter and Year End 2008 Results
Company Release - 02/25/2009 21:44 - Signed Acquisition Agreement to Acquire Additional 25.1 Percent Interest in East Texas Joint Venture from DCP Midstream - Discovery and Wyoming Systems Returning to Full Service DENVER, Feb. 25 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM), or the Partnership, today reported financial results for the three and twelve months ended December 31, 2008. FOURTH QUARTER AND YEAR END HIGHLIGHTS ... 
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02/12/09DCP Midstream and DCP Midstream Partners Announce Operational Update to East Texas Processing Complex and Gas Delivery Hub Following Nearby Third Party Pipeline Rupture
DENVER, Feb. 12 /PRNewswire-FirstCall/ -- DCP Midstream, LLC and its master limited partnership DCP Midstream Partners, LP (NYSE: DPM), today announced their jointly owned natural gas processing complex and residue natural gas delivery system known as the Carthage Hub, both located near the town of Carthage in East Texas, have been temporarily shut in following an explosion and fire that occurred when a nearby third party owned pipeline outside its property line ruptured at approximately 10:00 a... 
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01/27/09DCP Midstream Partners Declares Quarterly Distribution
DENVER, Jan. 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 Dec. 31, 2008. The distribution per unit is equal to the last quarterly distribution and a 5.3 percent increase over the quarterly distribution paid for the fourth quarter of 2007 of $0.57 per unit. The quarterly cash distribution will be paid on Feb. 13,... 
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01/21/09DCP Midstream Partners Announces Return to Service of Discovery Mainline
DENVER, Jan. 21 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) today announced the 30-inch mainline of the Discovery offshore gathering system has been repaired and is back in service following damage sustained from Hurricane Ike. Discovery's offshore gathering system sustained the damage in September 2008 when an 18-inch lateral was severed from its connection to the 30-inch mainline in 250 feet of water. The offshore gathering system had not been accepting g... 
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01/20/09DCP Midstream Partners to Release Fourth Quarter and Year End 2008 Results on February 25
DENVER, Jan. 20 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) will announce its earnings for the quarter and year ended Dec. 31, 2008, after the New York Stock Exchange closes for trading on Wednesday, Feb. 25, 2009. An earnings conference call for investors and analysts is scheduled for 11 a.m. ET on Thursday, Feb. 26, 2009. 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 dial... 
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01/05/09DCP Midstream Partners Completes Phase Two of Wyoming Gas Gathering System Enhancements
DENVER, Jan. 5 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP (NYSE: DPM) today announced the completion of the second phase of its pipeline integrity and system enhancement project on its Douglas natural gas gathering system in Wyoming, returning approximately 80 percent of system capacity to service. The project continues according to plan, with the final phase scheduled for completion during the first quarter of 2009. Producers are returning volumes to the system. As previously announce... 
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