DCP Midstream, LP (DCP) Misses Q1 EPS by $3.08/sh

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Go back to DCP Midstream, LP (DCP) Misses Q1 EPS by $3.08/sh

DCP Midstream Reports First Quarter Results

May 6, 2020 4:15 PM EDT

DENVER, May 06, 2020 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the three months ended March 31, 2020.

HIGHLIGHTS

Net loss attributable to partners of $550 million for the three months ended March 31, 2020, inclusive of $807 million of asset impairments.Distributable cash flow (DCF) of $220 million for the three months ended March 31, 2020.Adjusted EBITDA of $321 million for the three months ended March 31, 2020.First quarter 2020 Logistics and Marketing Adjusted EBITDA increased approximately 14% from first quarter 2019, driven by increased margin from Gulf Coast... More