DCP Midstream, LP (DCP) Misses Q1 EPS by 11c
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DCP Midstream Reports First Quarter Results
May 5, 2021 4:15 PM EDTDENVER, May 05, 2021 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the three months ended March 31, 2021.
HIGHLIGHTS
For the three months ended March 31, 2021, DCP had net income attributable to partners of $53 million, net cash used in operating activities of $4 million, adjusted EBITDA of $275 million, and distributable cash flow of $175 million.Generated $89 million of excess free cash flow for the three months ended March 31, 2021, after fully funding distributions and growth capital, representing a 5% sequential increase.Achieved bank leverage of 4.1 times... More