DCP Midstream, LP (DCP) Reports Q1 EPS of $0.14

Go back to DCP Midstream, LP (DCP) Reports Q1 EPS of $0.14

DCP Midstream Reports Strong First Quarter Results

May 6, 2019 4:15 PM EDT

DENVER, May 06, 2019 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP), or DCP, today reported its financial results for the three months ended March 31, 2019.

HIGHLIGHTS

Reported net income attributable to partners of $75 million for the three months ended March 31, 2019.Generated record distributable cash flow (DCF) of $224 million for the three months ended March 31, 2019, resulting in a distribution coverage ratio of 1.45 times.Reported record adjusted EBITDA of $326 million for the three months ended March 31, 2019.Strong NGL pipeline throughput volumes increased ~30% from the first quarter... More