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)  

DCP Midstream, LP (together with its consolidated subsidiaries, "we", "our", "us", the "registrant", or the "Partnership") is 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. DCP Midstream, LLC and its subsidiaries and affiliates, collectively referred to as DCP Midstream, LLC is owned 50% by Phillips 66 and 50% by Enbridge Inc. and its affiliates, or Enbridge. The diagram below depicts our organizational structure as of December 31, 2017. [[Image Removed: ownershipstructurea02.jpg]] Our operations are organized into two reportable segments: (i) Gathering and Processing and (ii) Logistics and Marketing. Our Gathering and Processing segment consists of gathering, compressing, treating, and processing natural gas, producing and fractionating NGLs, and recovering condensate.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.100.780351.20
12/20170.430.78084.49
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

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.03Total Liab/Total Assets0.47
Net Inc/Total Assets0.02Total Liab/Inv Cap0.53
Net Inc/Inv Cap0.02Total Liab/Comm Equity-0.87
Pretax Inc/Net Sales0.03Interest Coverage Ratio1.82
Net Inc/Net Sales0.03Curr Debt/EquityNA
Cash Flow/Net Sales0.11LTD/EquityNA
SG&A/NetSales0.04Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover9.67Quick Ratio0.84
Inventory Turnover107.80Current Ratio0.89
Inventory Day Sales0.30Net Rec/Curr Assets0.73
Net Sales/Work Cap-50.98Inv/Curr Assets0.05
Net Sales/PP&E0.94  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 2,139.00 2,337.00 2,055.00 1,949.00
Cost of Goods Sold 1,931.00 2,094.00 1,863.00 1,735.00
Selling & Admin Exps 61.00 84.00 69.00 76.00
Operating Income 53.00 62.00 -19.00 78.00
Interest Exp 67.00 70.00 73.00 73.00
Pretax Income 64.00 61.00 -18.00 91.00
Other Income NA 0.00 0.00 34.00
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 62.00 60.00 -20.00 88.00

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 116.00 231.00 354.00 260.00
Receivables - Total 808.00 964.00 828.00 683.00
Inventories - Total 51.00 68.00 62.00 51.00
Total Current Assets 1,020.00 1,322.00 1,311.00 1,065.00
Net Property, Plant & Equipment 9,040.00 8,983.00 8,926.00 8,950.00
Total Assets 13,678.00 13,878.00 13,771.00 13,570.00
Liabilities        
Accounts Payable 1,082.00 1,290.00 1,119.00 791.00
Debt in Current Liabilities 546.00 76.00 542.00 529.00
Total Current Liabilities 1,723.00 1,488.00 1,784.00 1,435.00
Long-Term Debt 4,358.00 4,707.00 4,711.00 4,710.00
Total Liabilities 6,396.00 6,470.00 6,755.00 6,400.00
Stockholder's Equity        
Minority Interest 30.00 30.00 27.00 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 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 122.00 212.00 324.00 216.00
Net Cash Provided by Investing Activities -181.00 -193.00 -127.00 -3.00
Net Cash Provided by Financing Activities -95.00 -175.00 -136.00 -138.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20133,051.00200.001.34
12/20143,642.00423.002.84
12/20157,430.00-871.000.91
12/20166,893.0088.001.64
12/20178,462.00229.000.43
Growth Rates29.05---24.74

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1817481,01156.53




Report Date : 7/16/2018

Powered By Edgar Online © 2018EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.