DCP Midstream, LP (NYSE: DCP), or DCP, today reported its financial
results for the three months ended March 31, 2019.
HIGHLIGHTS
- Reported net income attributable to partners of $75 million for
the three months ended March 31, 2019.
- Generated record distributable cash flow (DCF) of $224 million
for the three months ended March 31, 2019, resulting in a
distribution coverage ratio of 1.45 times.
- Reported record adjusted EBITDA of $326 million for the three
months ended March 31, 2019.
- Strong NGL pipeline throughput volumes increased ~30% from the
first quarter of 2018, driven by record volumes on Sand Hills and
higher volumes on Southern Hills.
- Sand Hills capacity expanded to 500 MBbls/d in January 2019 via
innovative optimization.
- Natural gas wellhead volumes, within the Gathering &
Processing segment, increased ~10% from the first quarter of 2018,
driven by record DJ Basin volumes and higher volumes in the Eagle
Ford, Permian and Midcontinent.
FIRST QUARTER 2019 SUMMARY FINANCIAL
RESULTS
|
|
Three Months
Ended |
|
March
31, |
|
|
2019 |
|
2018 |
|
(Unaudited) |
|
(Millions,
except per unit amounts) |
|
|
|
|
|
Net income attributable
to partners |
$ |
75 |
|
$ |
62 |
|
Net income per limited
partner unit - basic and diluted |
$ |
0.14 |
|
$ |
0.08 |
|
Adjusted EBITDA(1) |
$ |
326 |
|
$ |
268 |
|
Distributable cash
flow(1) |
$ |
224 |
|
$ |
171 |
|
(1) This press release includes the following financial
measures not presented in accordance with U.S. generally accepted
accounting principles, or GAAP: adjusted EBITDA, distributable cash
flow and adjusted segment EBITDA. Each such non-GAAP financial
measure is defined below under “Non-GAAP Financial Information”,
and each is reconciled to its most directly comparable GAAP
financial measure under “Reconciliation of Non-GAAP Financial
Measures” in schedules at the end of this press release.
CEO'S PERSPECTIVE
“Our team achieved outstanding first quarter results and we are
making excellent progress on our 2019 commitments, demonstrating
our strong financial position,” said Wouter van Kempen, chairman,
president, and CEO. “In addition to record coverage of 1.45 times,
this quarter we delivered an over 30% increase in DCF, partially
driven by a 29% increase in NGL throughput volumes and an 11%
increase in our G&P wellhead volumes, year over year. Our
strategy of enhancing our value chain while increasing capacity
utilization and operational optimization throughout our diversified
portfolio continues to drive value for our customers and
unitholders.”
GROWTH UPDATE
Permian Logistics Growth
- Increased Sand Hills NGL pipeline capacity to 500 MBbls/d in
the first quarter of 2019 via operational optimization with no
capital investment.
- The approximately 2.0 Bcf/d Gulf Coast Express ("GCX") gas
takeaway pipeline is fully subscribed and construction is
underway. GCX is expected to be placed in service in the
fourth quarter of 2019.
DJ Basin Logistics and G&P Growth
- Adding NGL takeaway to the DJ Basin with the Southern Hills
pipeline extension. The initial capacity out of the DJ Basin
is expected to be 90 MBbls/d, expandable to 120 MBbls/d, with an
anticipated fourth quarter 2019 in-service date.
- Expanding Front Range by 100 MBbls/d and Texas Express by 90
MBbls/d, adding NGL takeaway from the DJ Basin. Both expansions are
expected to be placed into service in the third quarter of
2019.
- DCP holds an option to acquire a 33% ownership interest in the
Cheyenne Connector, exercisable after FERC approval of the project,
with an anticipated fourth quarter 2019 in-service date.
- Construction of the 300 MMcf/d O'Connor 2 facility, comprised
of processing capacity of 200 MMcf/d and up to 100 MMcf/d of
bypass, is progressing well. The O'Connor 2 plant is expected
to be in-service at the end of the second quarter of 2019, and
associated bypass is expected to be in-service in the third quarter
of 2019.
- The first phase of the Bighorn program continues to be under
development with focus on adding ~200-300 MMcf/d of gas processing
capacity to the DJ Basin by mid 2020.
Fractionation Growth
- DCP holds an option to acquire a 30% ownership interest in two
150 MBbls/d fractionators to be constructed within Phillips 66's
Sweeny Hub, exercisable at the in-service date, which is expected
to be in late 2020.
COMMON UNIT DISTRIBUTIONS
On April 23, 2019, DCP announced a quarterly common unit
distribution of $0.78 per limited partner unit. DCP generated
distributable cash flow of $224 million for the first quarter of
2019. Distributions declared were $155 million for the first
quarter of 2019, resulting in a distribution coverage ratio of 1.45
times for the quarter ended March 31, 2019.
FIRST QUARTER 2019 OPERATING RESULTS BY BUSINESS
SEGMENT
Logistics and Marketing
Logistics and Marketing Segment net income attributable to
partners for the three months ended March 31, 2019 and 2018 was
$147 million and $79 million, respectively.
Adjusted segment EBITDA increased to $183 million for the three
months ended March 31, 2019, from $129 million for the three months
ended March 31, 2018, reflecting higher equity earnings and
distributions driven by increasing volumes on Sand Hills and
Southern Hills, higher gas marketing margins associated with
Guadalupe and higher realized cash settlements related to DCP's
commodity derivative program.
Gathering and Processing
Gathering and Processing Segment net income attributable to
partners for the three months ended March 31, 2019 and 2018 was $67
million and $113 million, respectively.
Adjusted segment EBITDA increased to $205 million for the three
months ended March 31, 2019, from $194 million for the three months
ended March 31, 2018, reflecting DJ Basin growth, higher volumes in
the Permian and South regions, and higher cash settlements related
to DCP's commodity derivative program. These increases were
partially offset by lower commodity prices and increased operating
costs associated with higher reliability and maintenance
spending.
CAPITALIZATION, LIQUIDITY AND FINANCING
Debt and Credit Facilities
DCP has two credit facilities with up to $1.6 billion of total
capacity. Proceeds from these facilities can be used for
working capital requirements and other general partnership purposes
including growth and acquisitions.
- DCP has a $1.4 billion senior unsecured revolving credit
agreement that matures on December 6, 2022, or the Credit
Agreement. As of March 31, 2019, total available capacity
under the Credit Agreement was $1,307 million net of $80 million of
outstanding borrowings and $13 million of letters of credit.
- DCP has an accounts receivable securitization facility that
provides up to $200 million of borrowing capacity at LIBOR market
index rates plus a margin through August 2019. As of March 31,
2019, DCP had $200 million of outstanding borrowings under the
accounts receivable securitization facility included in current
debt.
On January 18, 2019, DCP issued $325 million
additional aggregate principal amount of our existing $500 million
5.375% Senior Notes due July 2025. The proceeds will be used for
general partnership purposes including the funding of capital
expenditures and repayment of outstanding indebtedness under the
Credit Agreement.
As of March 31, 2019, DCP had $5,380 million of total
consolidated principal debt outstanding, including $1,125 million
of current maturities. The total debt outstanding includes $550
million of junior subordinated notes which are excluded from
debt pursuant to DCP's Credit Agreement leverage ratio
calculation. For the three months ended March 31, 2019, DCP's
leverage ratio was approximately 3.6 times. The effective interest
rate on DCP's overall debt position, as of March 31, 2019, was
5.3%.
CAPITAL EXPENDITURES AND INVESTMENTS
During the three months ended March 31, 2019, DCP had
expansion capital expenditures and equity investments totaling $293
million, and maintenance capital expenditures totaling $20
million.
EARNINGS CALL
DCP will host a conference call webcast tomorrow, May 7, at
10:00 a.m. ET, to discuss its first quarter 2019 earnings. The live
audio webcast of the conference call and presentation slides can be
accessed through the Investors section on the DCP website at
www.dcpmidstream.com and the conference call can be accessed
by dialing (844) 233-0113 in the United States or (574) 990-1008
outside the United States. The conference confirmation number is
1035787. An audio webcast replay, presentation slides and
transcript will also be available by accessing the Investors
section on the DCP website at www.dcpmidstream.com.
NON-GAAP FINANCIAL INFORMATION
This press release and the accompanying financial schedules
include the following non-GAAP financial measures: adjusted EBITDA,
distributable cash flow and adjusted segment EBITDA. The
accompanying schedules provide reconciliations of these non-GAAP
financial measures to their most directly comparable GAAP financial
measures. DCP's non-GAAP financial measures should not be
considered in isolation or as an alternative to its financial
measures presented in accordance with GAAP, including operating
revenues, net income or loss attributable to partners, net cash
provided by or used in operating activities or any other measure of
liquidity or financial performance presented in accordance with
GAAP as a measure of operating performance, liquidity or ability to
service debt obligations and make cash distributions to
unitholders. The non-GAAP financial measures presented by DCP may
not be comparable to similarly titled measures of other companies
because they may not calculate their measures in the same
manner.
DCP defines adjusted EBITDA as net income or loss attributable
to partners adjusted for (i) distributions from unconsolidated
affiliates, net of earnings, (ii) depreciation and amortization
expense, (iii) net interest expense, (iv) noncontrolling interest
in depreciation and income tax expense, (v) unrealized gains and
losses from commodity derivatives, (vi) income tax expense or
benefit, (vii) impairment expense and (viii) certain other non-cash
items. Adjusted EBITDA further excludes items of income or loss
that we characterize as unrepresentative of our ongoing
operations.
The commodity derivative non-cash losses and gains result from
the marking to market of certain financial derivatives used by us
for risk management purposes that we do not account for under the
hedge method of accounting. These non-cash losses or gains may or
may not be realized in future periods when the derivative contracts
are settled, due to fluctuating commodity prices.
Adjusted EBITDA is used as a supplemental liquidity and
performance measure and adjusted segment EBITDA is used as a
supplemental performance measure by DCP's management and by
external users of its financial statements, such as investors,
commercial banks, research analysts and others to assess:
- financial performance of DCP's assets without regard to
financing methods, capital structure or historical cost basis;
- DCP's operating performance and return on capital as compared
to those of other companies in the midstream energy industry,
without regard to financing methods or capital structure;
- viability and performance of acquisitions and capital
expenditure projects and the overall rates of return on investment
opportunities;
- performance of DCP's business excluding non-cash commodity
derivative gains or losses; and
- in the case of Adjusted EBITDA, the ability of DCP's assets to
generate cash sufficient to pay interest costs, support its
indebtedness, make cash distributions to its unitholders and
general partner, and pay maintenance capital expenditures.
DCP defines adjusted segment EBITDA for each segment as segment
net income or loss attributable to partners adjusted for (i)
distributions from unconsolidated affiliates, net of earnings, (ii)
depreciation and amortization expense, (iii) net interest expense,
(iv) noncontrolling interest in depreciation and income tax
expense, (v) unrealized gains and losses from commodity
derivatives, (vi) income tax expense or benefit, (vii) impairment
expense and (viii) certain other non-cash items. Adjusted segment
EBITDA further excludes items of income or loss that we
characterize as unrepresentative of our ongoing operations for that
segment.
DCP defines distributable cash flow as adjusted EBITDA less
maintenance capital expenditures, net of reimbursable projects,
interest expense, cumulative cash distributions earned by the
Series A, Series B and Series C Preferred Units (collectively the
"Preferred Limited Partnership Units") and certain other items.
Maintenance capital expenditures are cash expenditures made to
maintain DCP's cash flows, operating capacity or earnings capacity.
These expenditures add on to or improve capital assets owned,
including certain system integrity, compliance and safety
improvements. Maintenance capital expenditures also include certain
well connects, and may include the acquisition or construction of
new capital assets. Income attributable to preferred units
represent cash distributions earned by the Preferred Limited
Partnership Units. Cash distributions to be paid to the
holders of the Preferred Limited Partnership Units, assuming a
distribution is declared by DCP's board of directors, are not
available to common unit holders. Non-cash mark-to-market of
derivative instruments is considered to be non-cash for the purpose
of computing distributable cash flow because settlement will not
occur until future periods, and will be impacted by future changes
in commodity prices and interest rates. DCP compares the
distributable cash flow it generates to the cash distributions it
expects to pay to its partners. Using this metric, DCP computes its
distribution coverage ratio. Distributable cash flow is used as a
supplemental liquidity and performance measure by DCP's management
and by external users of its financial statements, such as
investors, commercial banks, research analysts and others, to
assess DCP's ability to make cash distributions to its unitholders
and its general partner.
ABOUT DCP MIDSTREAM, LP
DCP Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master
limited partnership headquartered in Denver, Colorado, with a
diversified portfolio of gathering, processing, logistics and
marketing assets. DCP is one of the largest natural gas liquids
producers and marketers and one of the largest natural gas
processors in the U.S. The owner of DCP’s general partner is a
joint venture between Enbridge and Phillips 66. For more
information, visit the DCP Midstream, LP website at
www.dcpmidstream.com.
CAUTIONARY STATEMENTS
This press release may contain or incorporate by reference
forward-looking statements as defined under the federal securities
laws regarding DCP Midstream, LP, including projections, estimates,
forecasts, plans and objectives. Although management believes that
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to be correct. In addition, these statements are subject to
certain risks, uncertainties and other assumptions that are
difficult to predict and may be beyond DCP's control. If any of
these risks or uncertainties materialize, or if underlying
assumptions prove incorrect, DCP's actual results may vary
materially from what management forecasted, anticipated, estimated,
projected or expected.
The key risk factors that may have a direct bearing on DCP's
results of operations and financial condition are described in
detail in the "Risk Factors" section of DCP's most recently filed
annual report and subsequently filed quarterly reports with the
Securities and Exchange Commission. Investors are encouraged to
closely consider the disclosures and risk factors contained in
DCP's annual and quarterly reports filed from time to time with the
Securities and Exchange Commission. The forward looking statements
contained herein speak as of the date of this announcement. DCP
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable
securities laws. Information contained in this press release is
unaudited and subject to change.
Investors or Analysts:
Irene Lofland, 303-605-1822
DCP MIDSTREAM,
LPFINANCIAL RESULTS ANDSUMMARY
FINANCIAL DATA(Unaudited)
|
|
|
Three
Months Ended |
|
|
|
March
31, |
|
|
|
2019 |
|
2018 |
|
|
(Millions,
except per unit amounts) |
Sales of natural gas, NGLs and
condensate |
$ |
2,111 |
|
$ |
2,069 |
|
Transportation, processing and
other |
|
115 |
|
|
111 |
|
Trading and marketing losses,
net |
|
(27 |
) |
|
(41 |
) |
|
Total operating revenues |
|
2,199 |
|
|
2,139 |
|
Purchases and related costs |
|
(1,804 |
) |
|
(1,769 |
) |
Operating and maintenance
expense |
|
(178 |
) |
|
(162 |
) |
Depreciation and amortization
expense |
|
(103 |
) |
|
(94 |
) |
General and administrative
expense |
|
(67 |
) |
|
(59 |
) |
Loss on sale of assets |
|
(9 |
) |
|
— |
|
Other expense, net |
|
(5 |
) |
|
(2 |
) |
|
Total operating costs and expenses |
|
(2,166 |
) |
|
(2,086 |
) |
Operating income |
|
33 |
|
|
53 |
|
Interest expense, net |
|
(69 |
) |
|
(67 |
) |
Earnings from unconsolidated
affiliates |
|
113 |
|
|
78 |
|
Income tax expense |
|
(1 |
) |
|
(1 |
) |
Net income attributable to
noncontrolling interests |
|
(1 |
) |
|
(1 |
) |
|
Net income attributable to partners |
|
75 |
|
|
62 |
|
Series A preferred partner's interest
in net income |
|
(9 |
) |
|
(9 |
) |
Series B preferred partner's interest
in net income |
|
(3 |
) |
|
— |
|
Series C preferred partner's interest
in net income |
|
(2 |
) |
|
— |
|
General partner's interest in net
income |
|
(41 |
) |
|
(41 |
) |
Net income allocable to limited
partners |
|
20 |
|
|
12 |
|
|
|
|
|
|
|
Net income per limited partner unit —
basic and diluted |
$ |
0.14 |
|
$ |
0.08 |
|
|
|
|
|
|
|
Weighted-average limited partner units outstanding — basic and
diluted |
|
143.3 |
|
|
143.3 |
|
|
|
March
31, |
|
December
31, |
|
2019 |
|
2018 |
|
|
(Millions) |
|
|
|
|
|
Cash and cash equivalents |
$ |
1 |
|
$ |
1 |
|
Other current assets |
|
1,081 |
|
|
1,270 |
|
Property, plant and equipment, net |
|
9,110 |
|
|
9,135 |
|
Other long-term assets |
|
3,995 |
|
|
3,860 |
|
Total assets |
$ |
14,187 |
|
$ |
14,266 |
|
|
|
|
|
|
Current liabilities |
$ |
1,279 |
|
$ |
1,379 |
|
Current debt |
|
1,125 |
|
|
525 |
|
Long-term debt |
|
4,236 |
|
|
4,782 |
|
Other long-term liabilities |
|
334 |
|
|
283 |
|
Partners' equity |
|
7,184 |
|
|
7,268 |
|
Noncontrolling interests |
|
29 |
|
|
29 |
|
Total liabilities and equity |
$ |
14,187 |
|
$ |
14,266 |
|
DCP MIDSTREAM,
LPRECONCILIATION OF NON-GAAP FINANCIAL
MEASURES(Unaudited)
|
|
|
Three
Months Ended |
|
|
March
31, |
|
|
|
2019 |
|
2018 |
|
|
(Millions) |
Reconciliation of Non-GAAP
Financial Measures: |
|
|
|
|
Net income attributable to
partners |
$ |
75 |
|
$ |
62 |
|
|
Interest expense, net |
|
69 |
|
|
67 |
|
|
Depreciation,
amortization and income tax expense, net of noncontrolling
interests |
|
103 |
|
|
95 |
|
|
Distributions from unconsolidated affiliates, net
of earnings |
|
11 |
|
|
13 |
|
|
Other non-cash charges |
|
5 |
|
|
2 |
|
|
Loss on sale of assets |
|
9 |
|
|
— |
|
|
Non-cash commodity derivative mark-to-market |
|
54 |
|
|
29 |
|
Adjusted EBITDA |
$ |
326 |
|
$ |
268 |
|
|
Interest expense, net |
|
(69 |
) |
|
(67 |
) |
|
Maintenance capital expenditures, net of
noncontrolling interest portion and reimbursable projects |
|
(20 |
) |
|
(23 |
) |
|
Preferred unit distributions *** |
|
(14 |
) |
|
(9 |
) |
|
Other, net |
|
1 |
|
|
2 |
|
Distributable cash flow |
$ |
224 |
|
$ |
171 |
|
|
|
|
|
|
|
Net cash provided by operating
activities |
$ |
317 |
|
$ |
122 |
|
|
Interest expense, net |
|
69 |
|
|
67 |
|
|
Net changes in operating assets and
liabilities |
|
(112 |
) |
|
54 |
|
|
Non-cash commodity derivative mark-to-market |
|
54 |
|
|
29 |
|
|
Other, net |
|
(2 |
) |
|
(4 |
) |
Adjusted EBITDA |
$ |
326 |
|
$ |
268 |
|
|
Interest expense, net |
|
(69 |
) |
|
(67 |
) |
|
Maintenance capital expenditures, net of
noncontrolling interest portion and reimbursable projects |
|
(20 |
) |
|
(23 |
) |
|
Preferred unit distributions *** |
|
(14 |
) |
|
(9 |
) |
|
Other, net |
|
1 |
|
|
2 |
|
Distributable cash flow |
$ |
224 |
|
$ |
171 |
|
*** Represents cumulative cash distributions earned by the
Series A, B and C Preferred Units, assuming distributions are
declared by DCP's board of directors.
DCP MIDSTREAM,
LPRECONCILIATION OF NON-GAAP FINANCIAL
MEASURESSEGMENT FINANCIAL RESULTS AND OPERATING
DATA (Unaudited)
|
|
|
Three
Months Ended |
|
|
March
31, |
|
|
|
2019 |
|
2018 |
|
|
|
|
|
|
|
(Millions, except as indicated) |
Logistics and Marketing
Segment: |
|
|
|
|
Financial results: |
|
|
|
|
Segment net income attributable to
partners |
$ |
147 |
|
$ |
79 |
|
|
Non-cash commodity derivative mark-to-market |
|
18 |
|
|
43 |
|
|
Depreciation and amortization expense |
|
3 |
|
|
3 |
|
|
Distributions from unconsolidated affiliates, net
of earnings |
|
6 |
|
|
5 |
|
|
Loss on sale of assets |
|
9 |
|
|
— |
|
|
Other charges |
|
— |
|
|
(1 |
) |
Adjusted segment EBITDA |
$ |
183 |
|
$ |
129 |
|
|
|
|
|
|
|
Operating and financial data: |
|
|
|
|
|
NGL pipelines throughput (MBbls/d) |
|
668 |
|
|
519 |
|
|
NGL fractionator throughput (MBbls/d) |
|
64 |
|
|
62 |
|
|
Operating and maintenance expense |
$ |
9 |
|
$ |
11 |
|
|
|
|
|
|
Gathering and Processing
Segment: |
|
|
|
|
Financial results: |
|
|
|
|
Segment net income attributable to
partners |
$ |
67 |
|
$ |
113 |
|
|
Non-cash commodity derivative mark-to-market |
|
36 |
|
|
(14 |
) |
|
Depreciation and amortization expense, net of
noncontrolling interest |
|
92 |
|
|
84 |
|
|
Distributions from unconsolidated affiliates, net
of earnings |
|
5 |
|
|
8 |
|
|
Other charges |
|
5 |
|
|
3 |
|
Adjusted segment EBITDA |
$ |
205 |
|
$ |
194 |
|
|
|
|
|
|
|
Operating and financial data: |
|
|
|
|
|
Natural gas wellhead (MMcf/d) |
|
4,938 |
|
|
4,467 |
|
|
NGL gross production (MBbls/d) |
|
436 |
|
|
384 |
|
|
Operating and maintenance expense |
$ |
165 |
|
$ |
148 |
|
DCP MIDSTREAM,
LPRECONCILIATION OF NON-GAAP FINANCIAL
MEASURES(Unaudited)
|
|
Three
Months Ended |
|
|
March
31, |
|
|
|
2019 |
|
2018 |
|
|
(Millions,
except as indicated) |
Reconciliation of Non-GAAP Financial
Measures: |
|
|
|
|
|
|
Distributable cash
flow |
$ |
224 |
|
|
$ |
171 |
|
|
Distributions declared
** |
$ |
155 |
|
|
$ |
155 |
|
|
Distribution coverage
ratio - declared |
|
1.45 |
|
x |
|
1.10 |
|
x |
|
|
|
|
|
|
|
Distributable cash
flow |
$ |
224 |
|
|
$ |
171 |
|
|
Distributions paid
*** |
$ |
154 |
|
|
$ |
194 |
|
|
Distribution coverage
ratio - paid |
|
1.45 |
|
x |
|
0.88 |
|
x |
|
|
Quarter Ended June 30, 2018 |
|
Quarter Ended September 30,
2018 |
|
Quarter Ended December 31,
2018 |
|
Quarter EndedMarch
31,2019 |
|
Twelve
MonthsEndedMarch
31,2019 |
|
|
(Millions, except as indicated) |
|
|
|
|
|
|
|
|
|
|
|
Distributable cash
flow |
$ |
166 |
|
$ |
209 |
|
$ |
138 |
|
$ |
224 |
|
$ |
737 |
|
Distributions declared
** |
$ |
154 |
|
$ |
155 |
|
$ |
154 |
|
$ |
155 |
|
$ |
618 |
|
Distribution coverage
ratio - declared |
|
1.08x |
|
|
1.35x |
|
|
0.90x |
|
|
1.45x |
|
|
1.19x |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributable cash
flow |
$ |
166 |
|
$ |
209 |
|
$ |
138 |
|
$ |
224 |
|
$ |
737 |
|
Distributions paid |
$ |
155 |
|
$ |
154 |
|
$ |
155 |
|
$ |
154 |
|
$ |
618 |
|
Distribution coverage
ratio - paid |
|
1.07x |
|
|
1.36x |
|
|
0.89x |
|
|
1.45x |
|
|
1.19x |
|
** There were no IDR givebacks reflected in distributions
declared for the three months ended March 31, 2019 and 2018,
respectively.
*** Distributions paid reflect the payment of $40 million of IDR
givebacks previously withheld during the three months ended March
31, 2018.
DCP Midstream (NYSE:DCP)
Historical Stock Chart
From Mar 2024 to Apr 2024
DCP Midstream (NYSE:DCP)
Historical Stock Chart
From Apr 2023 to Apr 2024