DCP Midstream, LP (DCP) Reports Loss Q3 per Share of $1.59
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DCP Midstream Reports Strong Third Quarter Results and Announces Elimination of Incentive Distribution Rights
November 6, 2019 4:15 PM ESTDENVER, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the three and nine months ended September 30, 2019 and announced the signing with its general partner and closing of a transaction to eliminate all incentive distribution rights (IDRs) and general partner economic interests in DCP.
HIGHLIGHTS
Signed and closed a $1.53 billion IDR elimination transaction today, creating alignment among all stakeholders and reducing future cost of capital.Net (loss) income attributable to partners of $(178) million and $16Â million for the three and nine months ended... More