DCP Midstream, LP (DCP) Misses Q4 EPS by 14c

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Go back to DCP Midstream, LP (DCP) Misses Q4 EPS by 14c

DCP Midstream Reports Fourth Quarter and Full Year Results and Announces 2019 Guidance

February 11, 2019 4:15 PM EST

DENVER, Feb. 11, 2019 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP), or DCP, today reported its financial results for the fourth quarter and year ended December 31, 2018, and announced its 2019 guidance.

HIGHLIGHTS

Reported net income attributable to partners of $94 million and $298 million for the quarter and year ended December 31, 2018, or $0.28 and $0.61 per basic and diluted limited partner unit, respectively.Delivered strong 2018 results with distributable cash flow ("DCF") above the high end of guidance.Generated DCF of $138 million and $684 million for the quarter and year ended December 31, 2018, resulting in a distribution coverage... More