DCP Midstream, LP (DCP) Reports Q1 EPS of $0.32

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Go back to DCP Midstream, LP (DCP) Reports Q1 EPS of $0.32

DCP Midstream Reports Record First Quarter Results

May 4, 2022 4:15 PM EDT

DENVER, May 04, 2022 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the three months ended March 31, 2022.

HIGHLIGHTS

For the three months ended March 31, 2022, DCP had net income attributable to partners of $80 million, net cash provided by operating activities of $189 million, adjusted EBITDA of $436 million, and distributable cash flow of $337 million.Generated $247 million of excess free cash flow for the three months ended March 31, 2022, after fully funding distributions and growth capital.Record financial performance with increases in adjusted... More