Company Information

  

Address: 370 17TH STREET
SUITE 2500 
City: DENVER 
State: CO 
Zip Code: 80202 
Telephone: 303-595-3331 

Description of Business

Primary SIC Code: 4922
(As filed with the SEC)  

We are a Delaware limited partnership formed in 2005 by DCP Midstream, LLC to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. We are currently engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering and selling condensate; and transporting, storing and selling propane in wholesale markets. DCP Midstream, LLC and its subsidiaries and affiliates, collectively referred to as DCP Midstream, LLC is owned 50% by Phillips 66 and 50% by Spectra Energy Corp and its affiliates, or Spectra Energy. During the third quarter of 2016, Spectra Energy entered into an Agreement and Plan of Merger (the "Merger Agreement") with Enbridge Inc. ("Enbridge"), a Canadian corporation, and anticipates completing the proposed merger during the first quarter of 2017.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20170.710.78048.79
06/20171.900.78017.81
03/20171.690.78023.21
12/20161.640.78023.40
09/20161.780.78019.85
06/20161.350.78025.55
03/20160.940.78028.97
12/20150.910.78027.11

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.12Total Liab/Total Assets0.50
Net Inc/Total Assets0.06Total Liab/Inv Cap0.66
Net Inc/Inv Cap0.08Total Liab/Comm Equity-0.98
Pretax Inc/Net Sales0.21Interest Coverage Ratio4.38
Net Inc/Net Sales0.21Curr Debt/EquityNA
Cash Flow/Net Sales0.38LTD/EquityNA
SG&A/NetSales0.06Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover9.66Quick Ratio0.25
Inventory Turnover25.95Current Ratio0.31
Inventory Day Sales0.07Net Rec/Curr Assets0.69
Net Sales/Work Cap-2.95Inv/Curr Assets0.19
Net Sales/PP&E0.46  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 9/30/2016
Total Revenues(Net Sales) 2,055.00 1,949.00 2,121.00 1,823.00
Cost of Goods Sold 1,863.00 1,735.00 1,854.00 1,598.00
Selling & Admin Exps 69.00 76.00 72.00 78.00
Operating Income -19.00 78.00 101.00 92.00
Interest Exp 73.00 73.00 73.00 77.00
Pretax Income -18.00 91.00 102.00 90.00
Other Income 0.00 34.00 NA 41.00
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -20.00 88.00 101.00 89.00

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 9/30/2016
Cash & Short Term Investments 354.00 260.00 176.00 2.00
Receivables - Total 828.00 683.00 645.00 135.00
Inventories - Total 62.00 51.00 64.00 34.00
Total Current Assets 1,311.00 1,065.00 980.00 193.00
Net Property, Plant & Equipment 8,926.00 8,950.00 9,047.00 3,284.00
Total Assets 13,771.00 13,570.00 13,579.00 5,144.00
Liabilities        
Accounts Payable 1,119.00 791.00 767.00 153.00
Debt in Current Liabilities 542.00 529.00 536.00 11.00
Total Current Liabilities 1,784.00 1,435.00 1,390.00 190.00
Long-Term Debt 4,711.00 4,710.00 4,709.00 2,231.00
Total Liabilities 6,755.00 6,400.00 6,359.00 2,497.00
Stockholder's Equity        
Minority Interest 27.00 29.00 30.00 29.00
Preferred Stock NA NA NA NA
Common Stock NA NA NA NA
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity NA NA NA NA
Total Liabilities and Stockholders' Equity NA NA NA NA

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 9/30/2016
Net Cash Provided by Operating Activities 324.00 216.00 144.00 217.00
Net Cash Provided by Investing Activities -127.00 -3.00 -68.00 110.00
Net Cash Provided by Financing Activities -136.00 -138.00 99.00 -314.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20122,824.00216.002.28
12/20133,051.00200.001.34
12/20143,642.00423.002.84
12/20151,898.00228.000.91
12/20161,497.00312.001.64
Growth Rates-14.679.63-7.91

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1716981,50356.87




Report Date : 12/11/2017

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