DCP Midstream, LP (DCP) Tops Q1 EPS by 2c

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Go back to DCP Midstream, LP (DCP) Tops Q1 EPS by 2c

DCP Midstream, LP Reports Strong First Quarter Results and Extensive Multi-Year Growth Portfolio

May 7, 2018 4:15 PM EDT

DENVER, May 07, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP), or DCP, today reported its financial results for three months ended March 31, 2018.

HIGHLIGHTS

Reported net income attributable to partners of $62 million for the first quarter of 2018, or $0.08 per basic and diluted limited partner unit.Generated distributable cash flow of $171 million for the first quarter of 2018, resulting in a distribution coverage ratio of 1.10 times.Reported adjusted EBITDA of $268 million for the first quarter of 2018.Continued record DJ Basin wellhead... More