This company has been acquired
DCP Midstream Balance Sheet Health
Financial Health criteria checks 2/6
DCP Midstream has a total shareholder equity of $6.1B and total debt of $4.9B, which brings its debt-to-equity ratio to 79.7%. Its total assets and total liabilities are $12.9B and $6.7B respectively. DCP Midstream's EBIT is $859.0M making its interest coverage ratio 3.1. It has cash and short-term investments of $2.0M.
Key information
79.7%
Debt to equity ratio
US$4.90b
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$2.00m |
| Equity | US$6.15b |
| Total liabilities | US$6.74b |
| Total assets | US$12.88b |
Recent financial health updates
No updates
Recent updates
DCP Midstream: Stock Might Plateau At Current Price Given Peak In Demand For Oil
Feb 15DCP Midstream GAAP EPS of $1.13 beats by $0.25, revenue of $3.03B beats by $1B
Feb 08DCP Midstream declares $0.43 dividend
Jan 24DCP Midstream GAAP EPS of $1.50, revenue of $4.32B
Nov 02DCP Midstream goes ex dividend tomorrow
Oct 26DCP Midstream GAAP EPS of $1.77 beats by $0.70, revenue of $4.27B misses by $230M
Aug 02DCP Midstream raises dividend by 10% to $0.43
Jul 21DCP Midstream: Don't Forget The Preferreds
Jul 05DCP Midstream Remains An Interesting Investment
Jun 02DCP Midstream: Earn A Very Sustainable 5.50% Yield
Jan 30DCP Midstream - Room To Run
Oct 11DCP Midstream, LP 2021 Q1 - Results - Earnings Call Presentation
May 07DCP Midstream Q1 2021 Earnings Preview
May 04DCP Midstream goes ex-dividend tomorrow
Apr 28Combine DCP Midstream's 8.3% Yield And Its 9% Yielding Preferreds For A Resilient Income
Dec 29DCP Midstream (DCP) Investor Presentation - Slideshow
Dec 15DCP Midstream, LP 2020 Q3 - Results - Earnings Call Presentation
Nov 05DCP Midstream Q3 2020 Earnings Preview
Nov 03Financial Position Analysis
Short Term Liabilities: DCP's short term assets ($1.3B) do not cover its short term liabilities ($1.4B).
Long Term Liabilities: DCP's short term assets ($1.3B) do not cover its long term liabilities ($5.3B).
Debt to Equity History and Analysis
Debt Level: DCP's net debt to equity ratio (79.7%) is considered high.
Reducing Debt: DCP's debt to equity ratio has increased from 65.8% to 79.7% over the past 5 years.
Debt Coverage: DCP's debt is well covered by operating cash flow (37.3%).
Interest Coverage: DCP's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/06/16 17:36 |
| End of Day Share Price | 2023/06/14 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
DCP Midstream, LP is covered by 25 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Gross | Barclays |
| Dennis Coleman | BofA Global Research |
| Timm Schneider | Citigroup Inc |