DCP Midstream, LP (DCP) Misses Q4 EPS by 15c
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DCP Midstream Reports Fourth Quarter Results and Announces 2021 Guidance
February 10, 2021 4:15 PM ESTDENVER, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the quarter and year ended December 31, 2020.
HIGHLIGHTS
For the quarter and year ended December 31, 2020, DCP generated net income (loss) attributable to partners of $86 million and $(306) million, net cash provided by operating activities of $308 million and $1,099 million, adjusted EBITDA of $289 million and $1,252 million, and distributable cash flow of $178 million and $850 million.Generated $85 million and $237 million of excess free cash flow for the quarter and year ended December 31, 2020, after fully funding $81 million and $406 million in... More