DCP Midstream, LP (DCP) Misses Q2 EPS by 16c

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Go back to DCP Midstream, LP (DCP) Misses Q2 EPS by 16c

DCP Midstream Reports Strong Second Quarter Results From All Segments and Strengthens 2018 Guidance

August 7, 2018 4:16 PM EDT

DENVER, Aug. 07, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP), or DCP, today reported its financial results for three and six months ended June 30, 2018.

HIGHLIGHTS

Reported net income attributable to partners of $61 million and $123 million for the three and six months ended June 30, 2018, or $0.07 and $0.15 per basic and diluted limited partner unit, respectively.Generated distributable cash flow of $166 million and $337 million for the three and six months ended June 30, 2018, resulting in a distribution coverage ratio of 1.08 and 1.09 times, respectively.Reported adjusted EBITDA of $270 million and $538 million for the... More