- DCP Midstream actually managed to improve most measures of financial performance YOY despite the very challenging environment for energy companies.
- The company's liquids volumes actually increased, although G&P volumes left something to be desired.
- DCP Midstream has been very successful at cutting operating expenses, which will benefit investors over the long term.
- The company's focus on paying down debt is admirable, and it is now one of the least leveraged companies in the industry.
- The company should have absolutely no trouble maintaining its distribution at the current level, making it a nice place to get a high yield for new money.
For further details see:
DCP Midstream: Solid Results Prove The Company's Competence