DCP News and Press, DCP Midstream LP From 03/27/20

By Bryce Bingham Since our initial stress test of the Alerian MLP Infrastructure Index’s (AMZI) yield ( read more ), the index underwent its quarterly rebalancing with related constituent changes , and a few MLPs announced distribution cuts. In terms of constituent changes, Holly...

By Michael Laitkep While pipelines are often considered the bread and butter of the MLP space, MLPs provide a wide range of midstream services, from gathering and processing activities near the wellhead to pipelines and terminals supporting distribution of gasoline and diesel further downs...

By Bryce Bingham With broader markets under pressure and MLP yields near all-time highs, many investors are questioning the stability of MLP distributions. Alerian has already addressed improved distribution coverage at length ( read more ), but what can we learn from the past? While inves...

Midstream is in a rough spot. With the shale industry under attack from OPEC+ and demand taking a hit from COVID-19, overall energy demand looks rather bleak, particularly in crude oil. Even the quality names in the space have been shellacked, trading at significantly depressed valuations. In ...

Waitr Holdings (NASDAQ: WTRH ) +51%  on expanding into Grocery Delivery. More news on: Waitr Holdings Inc., Innate Pharma S.A., DCP Midstream, LP, Stocks on the move, Read more ...

By Stacey Morris In addition to updated financial guidance , midstream companies have also provided more disclosure around the nature of their cash flows. Specifically, there has been increased commentary around counterparties, minimum volume commitments, and the portion of cash f...

DCP Midstream (NYSE: DCP ) cuts its 2020 growth capital program by 75% to $150M, down from its previous guidance midpoint of $600M, and chops its quarterly distribution in half to $0.39/unit from $0.78/unit, in response to "extraordinary and volatile market conditions." More news on...

DENVER, March 23, 2020 (GLOBE NEWSWIRE) -- Today, in response to extraordinary and volatile market conditions, DCP Midstream, LP (NYSE: DCP) announced the following decisive actions. First, the board of directors of its general partner approved a plan to reduce quarterly distributions to...

By Stacey Morris With MLP index yields at all-time highs, several management teams are utilizing this downturn as a buying opportunity, reflecting confidence in their underlying businesses. Today's short post details recent insider purchases across midstream. Despite the fee-based nature...

What a week. The oil price collapse dragged MLPs and midstream stocks down again this week. The group finished down a staggering 30%, which leaves YTD returns in less than three months at negative 40-50%. The S&P 500 broke a few records and entered into bear market territory officially, wh...