DCP Midstream Announces Common and Preferred Unit Distributions and Timing of Third Quarter Earnings Conference Call
October 12 2021 - 4:15PM
DCP Midstream, LP (NYSE: DCP) today announced common and preferred
unit distributions for third quarter 2021. Further, DCP announced
that its third quarter 2021 earnings will be reported after the New
York Stock Exchange closes for trading on Tuesday, November 2,
2021, and a conference call to discuss quarterly earnings will be
hosted at 10:00 a.m. ET on Wednesday, November 3, 2021.
Third Quarter Distribution
Declaration The board of directors of DCP’s general
partner declared a third quarter 2021 Common Unit distribution of
$0.39 per unit, or $1.56 per unit on an annualized basis. This
quarterly Common Unit cash distribution will be paid November 12,
2021 to common unitholders of record at the close of business on
October 29, 2021.
In addition, the board of directors declared
distributions for preferred units. A semi-annual Series A Preferred
Unit cash distribution of $36.875 per unit will be paid December
15, 2021 to preferred unitholders of record at the close of
business on December 1, 2021.
A quarterly Series B Preferred Unit cash
distribution of $0.4922 per unit will be paid December 15, 2021 to
preferred unitholders of record at the close of business on
December 1, 2021.
A quarterly Series C Preferred Unit cash
distribution of $0.4969 per unit will be paid January 18, 2022 to
preferred unitholders of record at the close of business on January
3, 2022.
Third Quarter Earnings Conference Call
Details DCP will host a conference call to discuss its
third quarter 2021 earnings at 10:00 a.m. ET on Wednesday, November
3, 2021. The live audio webcast of the conference call and
accompanying presentation slides will be accessible through the
Investors section of 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 ID number is 8273648.
A replay of the conference call will be available
until November 10, 2021 by dialing (855) 859-2056 in the United
States or (404) 537-3406 outside the United States and using the
previously-noted conference ID number. An audio webcast replay and
transcript will also be available by accessing the Investors
section of the DCP website at www.dcpmidstream.com.
This serves as qualified notice to nominees and
brokers as provided for under Treasury Regulation Section
1.1446-4(b)(4) and (d). Please note that 100 percent of DCP’s
distributions to foreign investors are attributable to income that
is effectively connected with a United States trade or
business. Accordingly, DCP’s distributions to foreign
investors are subject to federal income tax withholding at the
highest effective tax rate. Nominees are treated as withholding
agents responsible for withholding distributions received by them
on behalf of foreign investors.
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.
Investor Relations Mike Fullman
303-605-1628 MFullman@dcpmidstream.com
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