DCP Midstream Partners Reports Second Quarter 2016 Results
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DCP Midstream Partners (DPM) Misses Q2 EPS by 28c
August 3, 2016 5:03 PM EDTDCP Midstream Partners (NYSE: DPM) reported Q2 EPS of $0.12, $0.28 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $348 million versus the consensus estimate of $385.48 million.
Net income attributable to partners was $45 million in the second quarter of 2016, or $0.12 per basic and diluted limited partner unit and net loss attributable to partners was $(2) million in the second quarter of 2015, or $(0.29) per basic and diluted limited partner unit.Distributable cash flow was $128 million in the second quarter of 2016 resulting in a distribution coverage... More