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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 Growth	33.7%
Revenue growth rate	11.7%
Return on equity	19.3%
Net Margin	7.9%
Last Earnings Update	31 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 $1.77 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
Beta

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)
Date	Revenue	Earnings	G+A Expenses
31 Mar 23	14,225	1,122	354
31 Dec 22	15,196	982	329
30 Sep 22	15,612	1,047	313
30 Jun 22	14,293	773	286
31 Mar 22	12,248	359	278
31 Dec 21	11,325	332	261
30 Sep 21	9,710	102	246
30 Jun 21	8,285	160	259
31 Mar 21	7,328	238	261
31 Dec 20	6,146	-365	253
30 Sep 20	6,304	-450	286
30 Jun 20	6,429	-774	286
31 Mar 20	6,917	-744	302
31 Dec 19	7,638	-160	275
30 Sep 19	8,179	-107	304
30 Jun 19	9,294	147	298
31 Mar 19	9,909	95	293
31 Dec 18	9,863	87	276
30 Sep 18	9,766	62	320
30 Jun 18	9,049	-23	319
31 Mar 18	8,592	14	320
31 Dec 17	8,502	61	290
30 Sep 17	8,131	91	344
30 Jun 17	7,841	239	339
31 Mar 17	7,560	206	329
31 Dec 16	6,916	188	329
30 Sep 16	5,307	203	219
30 Jun 16	3,920	154	176
31 Mar 16	2,710	107	137
31 Dec 15	7,311	104	315
30 Sep 15	2,137	213	93
30 Jun 15	2,543	259	89
31 Mar 15	2,941	294	82
31 Dec 14	3,488	303	77
30 Sep 14	3,600	143	80
30 Jun 14	3,494	37	79
31 Mar 14	3,381	121	80
31 Dec 13	3,034	105	80
30 Sep 13	2,823	150	80
30 Jun 13	2,726	160	84
31 Mar 13	2,598	143	85
31 Dec 12	2,754	124	89
30 Sep 12	2,635	63	82
30 Jun 12	2,550	132	74

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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This company has been acquired

DCP Midstream Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

DCP Midstream, LP to Report Q2, 2022 Results on Aug 02, 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Recent updates

DCP Midstream, LP Announces a Quarterly Common Unit Distribution

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Key Executive exercised options to buy US$737k worth of stock.

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

Consensus revenue estimates increase by 23%

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

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

DCP Midstream, LP Declares Fourth Quarter 2022 Common Unit Cash Distribution, Payable on February 14, 2023

DCP Midstream declares $0.43 dividend

Less than half of directors are independent

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

DCP Midstream goes ex dividend tomorrow

Upcoming dividend of US$0.43 per share

Dcp Midstream, Lp Declares Third Quarter 2022 Dividend, Payable on November 14, 2022

Insider recently sold US$108k worth of stock

Dcp Midstream, Lp Announces Board Changes

Phillips 66 (NYSE:PSX) made a non-binding proposal to acquire remaining 56.69% stake in DCP Midstream, LP (NYSE:DCP) from Enbridge Inc. (TSX:ENB) and others for $9.6 billion.

Phillips 66 (NYSE:PSX) made a non-binding proposal to acquire remaining 56.69% stake in DCP Midstream, LP (NYSE:DCP) from Enbridge Inc. (TSX:ENB) and others for $9.6 billion.

Consensus EPS estimates increase by 11%

Consensus revenue estimates increase by 12%

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

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

DCP Midstream raises dividend by 10% to $0.43

DCP Midstream, LP Declares Second Quarter 2022 Common Unit Cash Distribution, Payable on August 12, 2022

DCP Midstream, LP to Report Q2, 2022 Results on Aug 02, 2022

DCP Midstream: Don't Forget The Preferreds

DCP Midstream, LP (NYSE:DCP) entered into an agreement to acquire Permian Basin Gathering and Processing Assets of Woodland Midstream II, LLC.

Investor sentiment deteriorated over the past week

DCP Midstream Remains An Interesting Investment

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

DCP Midstream, LP Declares A First Quarter 2022 Common Unit Cash Distribution, Payable on May 13, 2022

Price target increased to US$40.27

DCP Midstream, LP to Report Q1, 2022 Results on May 04, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

DCP Midstream, LP Provides Earnings Guidance for the Fiscal Year 2022

DCP Midstream: Earn A Very Sustainable 5.50% Yield

Third quarter 2021 earnings released: EPS US$0.18 (vs US$0.46 in 3Q 2020)

Price target increased to US$34.93

Price target increased to US$34.71

Upcoming dividend of US$0.39 per share

DCP Midstream - Room To Run

Second quarter 2021 earnings released: US$0.22 loss per share (vs US$0.15 profit in 2Q 2020)

Price target increased to US$28.50

Investor sentiment improved over the past week

Price target increased to US$26.14

Consensus forecasts updated

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

First quarter 2021 earnings released: EPS US$0.25 (vs US$2.71 loss in 1Q 2020)

DCP Midstream Q1 2021 Earnings Preview

DCP Midstream goes ex-dividend tomorrow

New 90-day high: US$23.92

Price target raised to US$22.79

Full year 2020 earnings released: US$1.75 loss per share (vs US$1.05 loss in FY 2019)

Earnings beat expectations, revenue disappoints

Price target raised to US$21.64

Price target raised to US$21.29

DCP Midstream, LP to Report Q4, 2020 Results on Feb 10, 2021

New 90-day high: US$21.80

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

DCP Midstream (DCP) Investor Presentation - Slideshow

New 90-day high: US$20.96

Price target raised to US$17.61

New 90-day high: US$14.86

Earnings beat expectations, revenue disappoints

Third quarter 2020 earnings released: EPS US$0.46

Revenue & Expenses Breakdown
Beta