DCP Midstream, LP (DCP) Misses Q3 EPS; Expects to Exceed FY18 Guidance

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Go back to DCP Midstream, LP (DCP) Misses Q3 EPS; Expects to Exceed FY18 Guidance

DCP Midstream Reports Strong Third Quarter Results and Expects to Exceed the High End of 2018 Guidance Range

November 5, 2018 4:15 PM EST

DENVER, Nov. 05, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP), or DCP, today reported its financial results for three and nine months ended September 30, 2018.

HIGHLIGHTS

Reported net income attributable to partners of $81 million and $204 million for the three and nine months ended September 30, 2018, or $0.18 and $0.33 per basic and diluted limited partner unit, respectively.Generated distributable cash flow of $209 million and $546 million for the three and nine months ended September 30, 2018, resulting in a distribution coverage ratio of 1.35 and 1.18 times, respectively.Reported adjusted EBITDA of $309 million and $847 million for... More