DCP Midstream Partners (DPM) Reports Q2 Earnings
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DCP Midstream Partners (NYSE: DPM) reports Q2 adjusted EPS of $0.29 vs. the analyst estimate of $0.55 - may not be comparable. Revenues for the quarter were $318.5 million, versus the consensus of $276.58 million.
"Our operations supported our ninth consecutive increase to our quarterly distribution, providing our unitholders with $0.60 per unit or $2.40 annually," said Mark Borer, president and CEO. "Results from our natural gas services segment were the primary drivers of earnings increases over 2007 results. Our results were tempered, in part, this quarter by operational issues at our Douglas system."
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