DCP News and Press, DCP Midstream LP From 04/18/20

Energy stocks are facing significant headwinds. With unprecedented restrictions on travel and movement across most countries, the demand for gasoline and other fuels has decreased dramatically. This is a severe blow for energy companies that were already grappling with a supply glut and low comm...

Originally published on April 11, 2020 By Brian Watson, CFA, Senior Portfolio Manager The midstream sector takes proactive steps to weather the recent volatility. March MLP performance reflected the unprecedented combination of significant and abrupt crude oil demand dest...

With oil prices continuing to drop despite the recent moves to cut global production, those declines in commodity prices are dragging down every aspect of the industry. Even midstream companies, which are less directly exposed to the daily ups and downs of commodities, are suffering during this ...

In response to COVID-19 pandemic, DCP Midstream, LP ( DCP +8.9% ) announced a 15% workforce reduction across its nine-state footprint, voluntary reduction of senior executive base salary and variable compensation by between 15% and 10% and other internal cost savings will result in $40M ...

Amid ongoing market volatility and the long wait for first-quarter earnings, some companies continue to proactively release updates to provide further clarity on financial expectations for 2020. Today's piece summarizes company guidance updates since March 19 in a concise table, which you can ...

DENVER, April 13, 2020 (GLOBE NEWSWIRE) -- Today, in response to unprecedented market conditions and an uncertain economic outlook caused by the COVID-19 pandemic, DCP Midstream, LP (NYSE: DCP) announced a 15% workforce reduction across its nine-state footprint. The company is providing sev...

In March, units of midstream pipeline master limited partnerships DCP Midstream  (NYSE: DCP)   and Noble Midstream Partners  (NYSE: NBLX) fell by 73.9% and 77.2%, respectively, while shares of midstream pipeline company  Targa Resources  (NYSE: TRGP) fell by 78....

On the back of the best week for oil prices in recorded history, midstream traded up and outperformed the S&P 500 and utilities. MLPs ((AMZ)) outperformed broader midstream ((AMNA)) this week after trailing last week and last month and last year. Oil prices spiked on enthusiasm over a tw...

DENVER, April 03, 2020 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president, and chief executive officer and Sean O’Brien, group vice president and chief financial officer will conduct a series of one-on-one and small group meetings ...

Kinder Morgan (KMI) is the second largest publicly traded midstream company in the world behind Enterprise Products Partners (EPD). Recently, an article has been published in Seeking Alpha discussing how the company might cut dividends to maintain its debt target, etc. However, as we'll see ...