DCP Midstream, LP (DCP) Misses Q4 EPS by 43c, Revenues Miss
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DCP Midstream Reports Fourth Quarter Results and Announces 2020 Guidance
February 11, 2020 4:15 PM ESTDENVER, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the quarter and year ended December 31, 2019 and announced its 2020 guidance.
HIGHLIGHTS
Net income attributable to partners of $1 million and $17 million for the quarter and year ended December 31, 2019, respectively.Distributable cash flow (DCF) of $175 million and $762 million for the quarter and year ended December 31, 2019, resulting in a paid distribution coverage ratio of 1.13 times and 1.23 times, respectively. Annual DCF increased approximately 11% year-over-year.Adjusted EBITDA of $296 million and $1,200 million for the quarter and year ended December 31, 2019,... More