DCP Midstream Partners (DPM) Tops Q2 EPS by 10c

DCP Midstream Partners (NYSE: DPM) reported Q2 EPS of $0.62, $0.10 better than the analyst estimate of $0.52.

"Our strong results highlight the performance and diversity of our asset portfolio. We remain focused on optimizing our assets and executing on future growth projects and cost controls to help mitigate the impact of reduced commodity prices and drilling activity in this challenging industry environment," said Wouter van Kempen, Chairman and CEO of the Partnership, and Chairman, CEO and President of DCP Midstream, the owner of the Partnership's general partner. "We are very excited with the on time and on budget start-up of our Lucerne 2 plant in the DJ Basin. In addition to Lucerne 2, Keathley Canyon and the Sand Hills laterals are all expected to ramp-up quickly, contribute to earnings and support our distributable cash flow."

For earnings history and earnings-related data on DCP Midstream Partners (DPM) click here.

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