DCP Stock - DCP Midstream, LP
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Financial Statements
| Metric | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Revenue | $14.99B | $10.71B | $6.30B | $7.63B | $9.82B |
| Gross Profit | $1.74B | $1.08B | $1.18B | $1.20B | $1.42B |
| Gross Margin | 11.6% | 10.1% | 18.8% | 15.7% | 14.4% |
| Operating Income | $991.00M | $372.00M | $379.00M | $258.00M | $223.00M |
| Net Income | $1.05B | $391.00M | $-679,000,000 | $17.00M | $298.00M |
| Net Margin | 7.0% | 3.7% | -10.8% | 0.2% | 3.0% |
| EPS | $5.05 | $1.59 | $-3.26 | $-1.05 | $2.08 |
DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates through Logistics and Marketing, and Gathering and Processing. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and natural gas liquids (NGLs); and fractionating NGLs. The Gathering and Processing segment is involved in gathering, compressing, treating, and processing natural gas; producing and fractionating NGLs; and recovering condensate. The company owns and operates approximately 35 natural gas processing plants. It serves petrochemical and refining companies, and retail propane distributors. The company was formerly known as DCP Midstream Partners, LP and changed its name to DCP Midstream, LP in January 2017.DCP Midstream, LP was incorporated in 2005 and is headquartered in Denver, Colorado.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 11th 2022 | Wells Fargo | Downgrade | Equal Weight | $39 |
| November 2nd 2022 | JP Morgan | Downgrade | Neutral | $45 |
| August 18th 2022 | RBC Capital Mkts | Downgrade | Sector Perform | $38← $41 |
| July 12th 2022 | RBC Capital Mkts | Upgrade | Outperform | $40← $47 |
Earnings History & Surprises
DCPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2024 | May 1, 2024 | — | — | — | — |
Q1 2024 | Feb 6, 2024 | — | — | — | — |
Q4 2023 | Oct 31, 2023 | — | — | — | — |
Q3 2023 | Aug 1, 2023 | $1.16 | $1.77 | +52.6% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $1.09 | $0.99 | -9.2% | ✗ MISS |
Q1 2023 | Feb 8, 2023 | $1.01 | $1.13 | +11.9% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $1.13 | $1.50 | +32.7% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $1.13 | $1.77 | +56.6% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.97 | $0.96 | -1.0% | ✗ MISS |
Q1 2022 | Feb 9, 2022 | $0.79 | $0.83 | +5.1% | ✓ BEAT |
Q4 2021 | Nov 2, 2021 | $0.70 | $0.18 | -74.3% | ✗ MISS |
Q3 2021 | Aug 4, 2021 | $0.57 | $-0.12 | -121.1% | ✗ MISS |
Q2 2021 | May 5, 2021 | $0.30 | $0.19 | -36.7% | ✗ MISS |
Q1 2021 | Feb 10, 2021 | $0.49 | $0.34 | -30.6% | ✗ MISS |
Q4 2020 | Nov 4, 2020 | $0.38 | $0.46 | +21.1% | ✓ BEAT |
Q3 2020 | Aug 5, 2020 | $0.21 | $0.15 | -28.6% | ✗ MISS |
Q2 2020 | May 6, 2020 | $0.42 | $0.52 | +23.8% | ✓ BEAT |
Q1 2020 | Feb 11, 2020 | $0.29 | $0.37 | +27.6% | ✓ BEAT |
Q4 2019 | Nov 6, 2019 | $0.25 | $0.13 | -48.0% | ✗ MISS |
Q3 2019 | Aug 6, 2019 | $0.26 | $0.43 | +65.4% | ✓ BEAT |
Latest News
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