DCP Midstream, LP

NYSE:DCP Stock Report

Market Cap: US$8.7b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

DCP Midstream Past Earnings Performance

Past criteria checks 5/6

DCP Midstream has been growing earnings at an average annual rate of 52.9%, while the Oil and Gas industry saw earnings growing at 22.3% annually. Revenues have been growing at an average rate of 11.7% per year. DCP Midstream's return on equity is 19.3%, and it has net margins of 7.9%.

Key information

52.9%

Earnings growth rate

49.0%

EPS growth rate

Oil and Gas Industry Growth33.7%
Revenue growth rate11.7%
Return on equity19.3%
Net Margin7.9%
Last Earnings Update31 Mar 2023

Recent past performance updates

Recent updates

DCP Midstream: Stock Might Plateau At Current Price Given Peak In Demand For Oil

Feb 15

DCP Midstream GAAP EPS of $1.13 beats by $0.25, revenue of $3.03B beats by $1B

Feb 08

DCP Midstream declares $0.43 dividend

Jan 24

DCP Midstream GAAP EPS of $1.50, revenue of $4.32B

Nov 02

DCP Midstream goes ex dividend tomorrow

Oct 26

DCP Midstream GAAP EPS of $1.77 beats by $0.70, revenue of $4.27B misses by $230M

Aug 02

DCP Midstream raises dividend by 10% to $0.43

Jul 21

DCP Midstream: Don't Forget The Preferreds

Jul 05

DCP Midstream Remains An Interesting Investment

Jun 02

DCP Midstream: Earn A Very Sustainable 5.50% Yield

Jan 30

DCP Midstream - Room To Run

Oct 11

DCP Midstream, LP 2021 Q1 - Results - Earnings Call Presentation

May 07

DCP Midstream Q1 2021 Earnings Preview

May 04

DCP Midstream goes ex-dividend tomorrow

Apr 28

Combine DCP Midstream's 8.3% Yield And Its 9% Yielding Preferreds For A Resilient Income

Dec 29

DCP Midstream (DCP) Investor Presentation - Slideshow

Dec 15

DCP Midstream, LP 2020 Q3 - Results - Earnings Call Presentation

Nov 05

DCP Midstream Q3 2020 Earnings Preview

Nov 03

Revenue & Expenses Breakdown

How DCP Midstream makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:DCP Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2314,2251,1223540
31 Dec 2215,1969823290
30 Sep 2215,6121,0473130
30 Jun 2214,2937732860
31 Mar 2212,2483592780
31 Dec 2111,3253322610
30 Sep 219,7101022460
30 Jun 218,2851602590
31 Mar 217,3282382610
31 Dec 206,146-3652530
30 Sep 206,304-4502860
30 Jun 206,429-7742860
31 Mar 206,917-7443020
31 Dec 197,638-1602750
30 Sep 198,179-1073040
30 Jun 199,2941472980
31 Mar 199,909952930
31 Dec 189,863872760
30 Sep 189,766623200
30 Jun 189,049-233190
31 Mar 188,592143200
31 Dec 178,502612900
30 Sep 178,131913440
30 Jun 177,8412393390
31 Mar 177,5602063290
31 Dec 166,9161883290
30 Sep 165,3072032190
30 Jun 163,9201541760
31 Mar 162,7101071370
31 Dec 157,3111043150
30 Sep 152,137213930
30 Jun 152,543259890
31 Mar 152,941294820
31 Dec 143,488303770
30 Sep 143,600143800
30 Jun 143,49437790
31 Mar 143,381121800
31 Dec 133,034105800
30 Sep 132,823150800
30 Jun 132,726160840
31 Mar 132,598143850
31 Dec 122,754124890
30 Sep 122,63563820
30 Jun 122,550132740

Quality Earnings: DCP has high quality earnings.

Growing Profit Margin: DCP's current net profit margins (7.9%) are higher than last year (2.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DCP's earnings have grown significantly by 52.9% per year over the past 5 years.

Accelerating Growth: DCP's earnings growth over the past year (212.5%) exceeds its 5-year average (52.9% per year).

Earnings vs Industry: DCP earnings growth over the past year (212.5%) exceeded the Oil and Gas industry 104.3%.

Return on Equity

High ROE: DCP's Return on Equity (19.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/06/16 17:36
End of Day Share Price 2023/06/14 00:00
Earnings2023/03/31
Annual Earnings2022/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Richard GrossBarclays
Dennis ColemanBofA Global Research
Timm SchneiderCitigroup Inc