DCP - DCP Midstream: Strong Q4 Results And Distribution Growth Potential

• DCP Midstream's headline numbers were quite impressive but a closer look at the numbers reveals that they did not improve as much YOY as might be thought.
• The company's business model ensures a great deal of stability regardless of conditions in the broader economy.
• DCP Midstream did see some volume growth and may see 3-5% in 2022.
• The company's long-term growth prospects are not nearly as strong as they were back in 2019, but that might be changing.
• The current 5.13% yield is easily sustainable and the company is positioned to increase it going forward.

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