DCP Midstream LP

DCP Midstream LP

DCP Midstream LP

Overview
Date Founded

2000

Headquarters

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

Type of Company

Public

Employees (Worldwide)

2,650

Industries

Oil & Gas
Advertising & Marketing
Other Business & Consulting Services
Investment Banking & Brokerage
Power & Utilities

Company Description

DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas. 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

Chairman, Chief Executive Officer & President

Group Vice President & General Counsel

Chief Accounting Officer

President of Operations

President of Operations

Group Vice President & Chief Transformation Officer

Group Vice President, Chief Financial Officer

Group Vice President, Chief Environmental, Health, Safety & Operational Risk Officer

General Partner

Human Resources Business Partner

Board of Directors

Chairman, Chief Executive Officer & President at DCP Midstream LP

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

Vice President-Natural Gas Liquids Supply at Enterprise Products Partners LP

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

Former President & Chief Executive Officer at Texas Petrochemicals LP

Vice President, Finance at Algonquin Gas Transmission LLC

Executive Vice President-Marketing & Commercial at Phillips 66

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Owners & Shareholders
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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. Their 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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Bleichroeder seeks to achieve capital appreciation by investing client assets in a portfolio of stocks, bonds, notes, options and other securities and derivatives, commodities and currencies. Their investment strategy is to purchase securities of companies that firm believes are attractive investment opportunities, at advantageous prices when the market presents the opportunity. Bleichroeder will generally sell investments if it believes that the price of the investments adequately reflects potential future events. Their investment philosophy contemplates bottom-up, research-oriented value investing. The firm utilizes a global investment approach and may invest in US and non-US investments.

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Global X employs charting, fundamental, technical and credit analysis in their sampling process. The firm uses a passive or indexing approach in managing most of their funds and to be able to achieve the investment objectives. They currently manage ETFs that fit into different broad categories which include core; income; thematic growth; commodities; international access; alpha; and risk management.

Recent Transactions
Details Hidden

NGL Energy Partners LP purchases DCP Chesapeake LLC from DCP Midstream LP

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

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

Transaction Advisors
Underwriter

Advised onDCP Midstream LP issued USD Common Units

Auditor

Advised onDCP Midstream LP issued USD Common Units

Underwriter

Advised onDCP Midstream LP issued USD Common Units

Director

Advised onDCP Midstream LP issued USD Common Units

Underwriter

Advised onDCP Midstream LP issued USD Common Units

Executive Director

Advised onDCP Midstream LP issued USD 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

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 69,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors. Through several recent transformative transactions, we have expanded our scope of services and increased our focus on the transportation of heavier hydrocarbons. While we remain committed to the prolific natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. More recently, we made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including its interest in Sunoco Logistics Partners L.P. (SXL). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. To improve operating efficiencies within the Energy Transfer family, in October 2012 we formed ETP Holdco Corporation, which is owned 60% by ETE and 40% by ETP and controlled through a majority board membership by ETP. ETP Holdco owns a 100% equity interest in Southern Union Company and Sunoco, Inc. (excluding SXL)

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East; Other International; and Corporate & Other. The Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and natural gas liquids. The Lower 48 segment is consist of operations in the U.S. Lower 48 states and the Gulf od Mexico. The Canada segment is comprised of oil sands development in the Athabasca Region of northeastern Alberta and a liquids-rich unconventional play in western Canada. The Europe and North Africa segment is consist of operations and exploration activities in Norway, the United Kingdom and Libya. The Asia Pacific and Middle East segment has explorations and product operations in China, Indonesia, Malaysia and Australia; production operations in Qatar and Timor-Leste; and exploration activities in Brunei. The Other International segment handles exploration activities in Columbia and Chile. The Corporate and Other segment is comprised of interest expense, premiums incurred on the early retirement of debt, corporate overhead, certain technology activities, as well as licensing revenues received. The company was founded in 1875 and is headquartered in Houston, TX.

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets; and distribution fuels services. It operates through the Logistics and Storage (L&S), and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products and water. The Gathering and Processing segment gathers, processes and transports natural gas; gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded in March 27, 2012 and is headquartered in Findlay, OH.

Key Stats and Financials As of 2019
Market Capitalization
$3.41B
Total Enterprise Value
$10.5B
Earnings Per Share
$-1.05
Revenue
$7.64B
Net Profit
$-101M
EBITDA
$658M
EBITDAMargin
8.61%
Total Debt
$6.04B
Total Equity
$6.63B
Enterprise Value / Sales
1.38x
Enterprise Value EBITDAOperating
15.84x
TEVNet Income
-104.27x
Debt TEV
0.57x
Three Year Compounded Annual Growth Rate Of Revenue
71.39%
Non-Profit Donations & Grants
$5,000 - $10K
2018
$1,000 - $4,999
2017
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 Environmental Partners LP Other Business & Consulting Services | Tulsa, OK

Cypress Environmental Partners LP engages in the provision of essential midstream services. The firm's services include pipeline inspection, integrity and hydrostatic testing services to energy companies and vendors. It operates through the following 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
Energy Transfer LP Oil & Gas - Dallas, TX

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 69,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors. Through several recent transformative transactions, we have expanded our scope of services and increased our focus on the transportation of heavier hydrocarbons. While we remain committed to the prolific natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. More recently, we made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including its interest in Sunoco Logistics Partners L.P. (SXL). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. To improve operating efficiencies within the Energy Transfer family, in October 2012 we formed ETP Holdco Corporation, which is owned 60% by ETE and 40% by ETP and controlled through a majority board membership by ETP. ETP Holdco owns a 100% equity interest in Southern Union Company and Sunoco, Inc. (excluding SXL)

Antero Midstream Corp. Oil & Gas - Denver, CO

Antero Midstream Corp. owns, operates and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the following segments: Gathering and Processing and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio. The gathering and processing segment also includes equity in earnings from the Company’s investments in the Joint Venture and Stonewall. The Water Handling segment includes two independent systems that deliver fresh water from sources including the Ohio River, local reservoirs and several regional waterways. The company was founded on September 23, 2013 and is headquartered in Denver, CO.

MPLX LP Oil & Gas - Findlay, OH

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets; and distribution fuels services. It operates through the Logistics and Storage (L&S), and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products and water. The Gathering and Processing segment gathers, processes and transports natural gas; gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded in March 27, 2012 and is headquartered in Findlay, OH.

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