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DENVER, Sept. 02, 2022 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced today that its 2021 Schedule K-3s, reflecting items of international tax relevance, are available online. Unitholders requiring this information may access their Schedule K-3 at www.taxpackagesupport.com/DC...
Summary DCP Midstream is certainly not everyone's favorite name in the space but there are reasons to like it. The company recently reported record cash flows due to rising volumes that are likely to increase further. The company just acquired Woodland Midstream, which should ...
Summary Midstream outperformed other energy subsectors and the S&P 500. MLP equities were supported by the latest sponsor buy-in. MLPs continue to trade at a discount to their C-corp peers despite the week’s gains. Midstream Sector Performance Mids...
Last week, Phillips 66 made a big move to increase its economic interest in DCP Midstream. First, PSX announced it increased its stake in DCP from 28.26% to 43.31% by buying some of Enbridge's stake in what used to be a 50/50 joint venture. The next move PSX made was to announce a...
Oil pipeline giant Enbridge (NYSE: ENB) and refining and midstream company Phillips 66 (NYSE: PSX) each have a long history of paying attractive dividends to investors. Enbridge has increased its dividend for 27 straight years, making it Dividend Aristocr...
Oil refiners saw immense profits in Q2 as a confluence of factors caused gasoline and diesel crack spreads to surge. Gasoline crack spreads have normalized while diesel's spread remains high as commercial oil inventories have improved along with refinery output. This fall, crude o...
DCP Midstream ( NYSE: DCP ) +8.2% in early trading Thursday after Phillips 66 ( NYSE: PSX ) made a non-binding offer to buy all publicly held common units of the MLP for $34.75 each, representing no premium to Wednesday's closing price. Currently, Philli...
Enbridge ( NYSE: ENB ) said on Wednesday it completed a joint venture merger deal with Phillips 66 ( PSX ) resulting in a single JV holding both companies' indirect ownership interests in Gray Oak Pipeline and DCP Midstream ( DCP ). Through the surviving JV, Enbr...
Aligns strategic interests through restructuring of joint ventures Increases economic interest in DCP Midstream, LP Enhances existing NGL platform through value chain integration Transaction entered into and closed August 17, 2022 Phillips 66 (NYSE: PSX) announce...
New Fortress Energy has done really well to grow its business in recent years, with sales soaring and the firm finally generating positive cash flows. If management can achieve their targets this year and next, then things will be looking up for shareholders. This does create some...
News, Short Squeeze, Breakout and More Instantly...
Phillips 66 (NYSE: PSX) and DCP Midstream, LP (NYSE: DCP) completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8 billion, ...
LEAWOOD, KS / ACCESSWIRE / June 13, 2023 / TortoiseEcofin today announced that DCP Midstream, LP (NYSE:DCP) will be removed from the Tortoise MLP Index ® (TMLP), the Tortoise North American Pipeline Index SM (TNAP) and Tortoise Decarbonization Infrastructure Index SM (DCRBN) as a res...
DENVER, April 19, 2023 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a first quarter 2023 Common Unit cash distribution of $0.43 per unit. This quarterly Common Unit distribution will be paid May 15, 2023 to common un...