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Midstream and MLPs were slight underperformers among energy stocks ([[XOP]] and [[XLE]] were largely flat) and underperformed general equities (as measured by S&P 500), which rallied 1.5%. Earnings, ex-dates for distributions and month-end strangeness whipped things around a bit in between...
DENVER, Oct. 29, 2019 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) has changed the date and time of its conference call to discuss its third quarter earnings due to a scheduling conflict. The conference call will now be held at 10:00 a.m. ET on Thursday, November 7, 2019, and the...
The share price of energy manufacturing and logistics company Phillips 66 ( PSX ) jumped last Friday after the company released Q3 earnings that solidly beat the consensus non-GAAP EPS estimate. While the company's Q3 revenue declined by 9% YoY and missed the consensus by $650 million, tha...
Midstream basically kept pace with the broader market this week, whie MLPs underperformed, again. Oil prices and broader equities were supportive, but that wasn't enough to get MLPs moving ahead of Enterprise Products Partners' (EPD) results Monday to kick off the meat of 3Q reporting season. ...
Phillips 66 (NYSE: PSX ) +1.2% pre-market after easily beating Q3 earnings estimates, helped by strength in its fuel sales business . More news on: Phillips 66, DCP Midstream, LP, Energy stocks news, Earnings news and commentary, Read more ...
The idea of a fracking ban has become a hot topic in the political sphere. In a shift from several years ago, a fracking ban is a concept that many top 2020 Democratic candidates have been in favor of. Rather than being a usual election where we see moderation towards the center, hard-liners...
Quiet week in the stock market this week, which translated into a quiet week for midstream as well. The AMNA finished basically unchanged, while the MLP Index was slightly lower. AMNA’s 18% total return year to date is now a staggering 1200 bps YTD and YOY lead over the AMZ. Commodity p...
Midstream was negative across the board this week, and the MLP Index lost more ground to the other midstream indexes that include corporations. Lower oil prices, higher interest rates and general aversion to energy stocks were likely reasons for continued weakness for the sector. Reported prog...
DENVER, Oct. 09, 2019 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) will host a conference call to discuss its third quarter earnings at 10:00 a.m. ET on Tuesday, November 5, 2019, which will be released after the New York Stock Exchange closes for trading on Monday, November 4, 2019. ...
Compression Misconception There's seems to be a general misconception about the compression leasing business and how it works. In particular people don't seem to understand how significantly it differs from the rest of the energy services industry. First, the major demand driver for compre...
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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...