DCP Midstream LP

DCP Midstream LP

DCP Midstream LP

Overview
Date Founded

2005

Headquarters

370 17th Street, Suite 2500, Denver, CO, 80202, USA

Type of Company

Public

Employees (Worldwide)

628

Industries

Oil & Gas
Power & Utilities

Company Description

DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and condensate; and transporting, storing and selling propane in wholesale markets. It operates through three segments: Gathering & Processing powerhouse, Logistics & Marketing, and Growth Projects. The Gathering & Processing powerhouse segment engages in gathering and processing of raw gas to make it marketable. The Logistics & Marketing segment consists of multiple downstream assets including fractionators, NGL pipelines, and NGL storage facilities. The Growth Projects segment includes Mewbourn 3, which is a cryogenic natural gas processing plant in the DJ Basin. The company was founded in August 2005 and is headquartered in Denver, CO.

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Executives & Employees

Chief Executive Officer & President

Group Vice President & General Counsel

Chief Accounting Officer

President-Operations

President-Commercial

Group Vice President & Chief EHS Officer

Group Vice President & Chief Financial Officer of the Company & DCP Midstream, LLC

Group Vice President & Chief Transformation Officer

General Partner

Board of Directors

Chief Executive Officer & President at DCP Midstream LP

Director & Chief Executive Officer at Plains All American Pipeline LP

Chair, Finance & Property Executive at United Way of Greater Atlanta, Inc.

President, Chief Executive Officer, Director at Spectra Energy Canada Exchangeco, Inc.

Senior Vice President, Director of General Partner at Midcoast Energy Partners LP

Former President & Chief Executive Officer at Texas Petrochemicals LP

Senior Vice President & Chief Accounting Officer at Enbridge, Inc.

Executive Vice President-Marketing & Commercial at Phillips 66

Vice President & Treasurer at Phillips 66 Partners LP

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DCP Midstream LP
Owners & Shareholders
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Harvest Fund Advisors' principal investment area is energy and energy infrastructure assets with a particular focus on US MLPs. They use fundamental, value-oriented, bottom-up research, analysis, and industry knowledge to generate alpha. The funds may be organized in the US or in a foreign jurisdiction as limited liability companies, limited partnerships, trusts, or offshore corporations, partnerships, trusts, or any other legal entity. For some of their clients or funds, Harvest Fund Advisors may purchase or sell derivatives instruments or swaps.

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AAI offers innovative investment solutions designed to help advisors and investors build better portfolios. Through both their alternative investment products and access to specialty asset managers, the firm seeks to deliver portfolio solutions that allow investors to diversify their core holdings and obtain exposure to attractive investment themes. The firm's exposure to alternatives and specialty managers is achieved primarily through ETFs, exchange-traded products, closed-end funds and open-end funds with the goal of providing access that is registered, liquid and fully transparent. AAI currently does not research or actively recommend specific portfolio securities. Rather, the firm collects, validates and utilizes quantitative data and information from various sources with the goal of identifying one or more sub-advisors that are appropriate to their respective investment objectives and that provide an appropriate mix of diversified investment styles or alternatively through products that are passively managed, and track a designated index.

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Advisory Research, Inc. manages over $10.0 billion in total assets for some of the nation’s wealthiest individuals, numerous privately-held companies, university endowments, private and public foundations, and pension and profit-sharing plans. We have over three decades of experience investing for our clients. Our disciplined, value-based investment style seeks to provide our clients with exceptional absolute and risk-adjusted rates of return. Our experience and dedication, always coupled with expert client service, have allowed us to build a high level of trust and satisfaction with our clients. The Advisory Research investment philosophy and process are firmly grounded in time-tested academic research and the extensive experience of our professional investment team. This combination has produced a unique investment approach based on internally-generated fundamental analysis. As value investors we use a traditional bottom-up analysis to look for companies that are selling at a discount to their net asset value. Our highly disciplined, long-term approach to value investing guides us in creating portfolios of securities that we believe offer the potential for higher returns with lower risk relative to other equity investments.

Recent Transactions
Details Hidden

NGL Energy Partners LP purchases Gas Supply Resources LLC from DCP Midstream LP

Details Hidden

Tallgrass Midstream LLC, Tallgrass Energy Partners LP purchase DCP Midstream LP /Douglas Natural Gas Gathering System from DCP Midstream LP

Details Hidden

DCP Midstream LP purchases DCP Midstream LLC from Spectra Energy Corp., Phillips 66

Insider Transactions
Details Hidden
Transaction Advisors
Underwriter

Advised onDCP Midstream LP issued Common Units

Auditor

Advised onDCP Midstream LP issued Common Units

Underwriter

Advised onDCP Midstream LP issued Common Units

Director

Advised onDCP Midstream LP issued Common Units

Underwriter

Advised onDCP Midstream LP issued Common Units

Executive Director

Advised onDCP Midstream LP issued Common Units

Advisors & Consultants
Consultant

Former Chief Financial Officer & Senior Vice President at DCP Midstream LP

Legal Advisor

Member (Attorney) at Dickinson Wright PLLC

Clients

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Sunoco Logistics Partners L.P. is a publicly traded master limited partnership formed in 2002 to acquire, own and operate a diverse mix of crude oil and refined products pipelines and terminalling and storage facilities, as well as crude oil acquisition and marketing assets. Our goal is to generate growing cash flows, increase distributions and provide attractive returns to investors. Strategies for growth include increasing pipeline and terminal throughput, utilizing our crude oil distribution and marketing expertise to address regional crude oil supply and demand imbalances, and pursuing organic growth opportunities as well as strategic acquisitions that are synergistic with existing assets. Strong cash flows have allowed us to consistently increase our distributions

Headquartered in Findlay, Ohio in the heart of the Midwest, Marathon Petroleum Corporation (MPC) is the name of the parent company which includes several subsidiary companies including Marathon Petroleum Company LP, Marathon Pipe Line LLC, and Speedway LLC. MPC is the nation’s fifth largest refiner and the largest refiner in the Midwest. MPC’s refining, marketing and transportation operations are concentrated primarily in the Midwest, Gulf Coast and Southeast regions of the U.S. MPC operations are strategically located to serve major markets. They include a six-plant refining network, a comprehensive terminal and transportation system, and extensive wholesale and retail marketing operations. This includes both the Marathon Brand and MPC’s wholly owned retail marketing subsidiary, Speedway LLC, the nation’s fourth largest chain of company-owned and operated retail gasoline and convenience stores.

Key Stats and Financials As of 2018
Market Capitalization
$4.8B
Total Enterprise Value
$9.88B
Earnings Per Share
$0.61
Revenue
$9.86B
Net Profit
$134M
EBITDA
$806M
EBITDAMargin
8.17%
Total Debt
$5.31B
Total Equity
$7.3B
Enterprise Value Sales
1x
Enterprise Value EBITDAOperating
12.26x
TEVNet Income
73.74x
Debt TEV
0.54x
Three Year Compounded Annual Growth Rate Of Revenue
75.87%
Five Year Compounded Annual Growth Rate Of Revenue
26.9%
Non-Profit Donations & Grants
Political Donations
$250
2013
$250
2013
$150
2013
Suppliers
PDC Energy, Inc. Oil & Gas | Denver, CO

PDC Energy Inc The Company places a strong emphasis on organic growth through active horizontal drilling programs. PDC's operations include exploration, development, production and marketing of natural gas and oil. Total 2011 net production for the Company consisted of 65% natural gas, most of which is derived from the Colorado region, and 35% crude oil and NGLs. As of year-end 2011, the Company owned an interest in approximately 6,400 gross productive wells with proved reserves of 1,015 Bcfe. PDC has a large inventory of predictable, low-cost drill sites that offer significant development potential and long-term growth opportunities.

Approach Resources, Inc. Oil & Gas | Fort Worth, TX

Approach Resources, Inc. engages in the exploration, development, production and acquisition of oil and gas properties. It focuses on oil and natural gas reserves in oil shale and tight sands located in the Permian Basin in West Texas. It holds interests in the East Texas Basin and the Chama Basin in Northern New Mexico. The firm operates in one business segment, the exploration and production of oil, NGLs and natural gas. The company was founded by J. Ross Craft in September 2002 and is headquartered in Fort Worth, TX.

Cypress Energy Partners LP Other Business & Consulting Services | Tulsa, OK

Cypress Energy Partners LP engages in the provision of essential midstream services, including pipeline inspection, integrity and hydrostatic testing services to energy companies and vendors. It operates through the following three segments: Pipeline Inspection, Pipeline & Process and Water & Environmental Services. The Pipeline Inspection Services segment provides inspection and integrity services on a variety of infrastructure assets, including midstream pipelines, gathering systems, and distribution systems. The Pipeline & Process Services segment provides midstream services including hydrostatic testing services and chemical cleaning related to newly-constructed and existing pipelines and related infrastructure. The Water & Environmental Services segment owns and operates Environmental Protection Agency Class II saltwater disposal facilities in the Williston Basin region of North Dakota. The company was founded by Charles C. Stephenson Jr. on September 19, 2013 and is headquartered in Tulsa, OK.

Competitors
MPLX LP Oil & Gas - Findlay, Ohio

MPLX LP is a fee-based, growth-oriented limited partnership company. It is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering, transportation and storage of crude oil and refined petroleum products. The company operates through two segments: Logistics & Storage and Gathering & Processing. The Logistics and Storage segment includes transportation and storage of crude oil, refined products and other hydrocarbon-based products. The Gathering and Processing segment engages in gathering and processing of natural gas. MPLX was founded in March 27, 2012 and is headquartered in Findlay, OH.

Antero Midstream Corp. Oil & Gas - Denver, CO

Antero Midstream Corp. engages in the investments activities with interest in Antero Midstream. The company was founded on September 23, 2013 and is headquartered in Denver, CO.

Tallgrass Energy LP Oil & Gas - Leawood, KS

Tallgrass Energy LP owns, operates, acquires, and develops midstream energy assets in North America. It operates through following segments: Natural Gas Transportation, Crude Oil Transportation and Gathering, Processing & Terminalling. The Natural Gas Transportation segment owns and operates interstate natural gas pipelines and integrated natural gas storage facilities. The Crude Oil Transportation segment owns and operates crude oil pipeline system. The Gathering, Processing & Terminalling segment engages in the ownership and operation of natural gas gathering and processing facilities that produce NGLs. The company was founded in 2012 and is headquartered in Leawood, KS.

Awards & Honors
Rank #997
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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