NYSE:DCP

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Executive Summary

DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has DCP Midstream's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DCP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.1%

DCP

-4.4%

US Oil and Gas

2.3%

US Market


1 Year Return

-67.8%

DCP

-43.6%

US Oil and Gas

6.7%

US Market

Return vs Industry: DCP underperformed the US Oil and Gas industry which returned -43.6% over the past year.

Return vs Market: DCP underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

DCPIndustryMarket
7 Day-3.1%-4.4%2.3%
30 Day-15.6%-7.4%7.4%
90 Day66.1%5.3%17.9%
1 Year-63.1%-67.8%-41.0%-43.6%9.0%6.7%
3 Year-60.5%-71.1%-35.4%-42.3%36.6%27.7%
5 Year-46.4%-68.2%-38.5%-48.6%64.2%46.1%

Price Volatility Vs. Market

How volatile is DCP Midstream's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is DCP Midstream undervalued compared to its fair value and its price relative to the market?

39.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DCP ($10.13) is trading below our estimate of fair value ($16.62)

Significantly Below Fair Value: DCP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DCP is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: DCP is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DCP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DCP is good value based on its PB Ratio (0.4x) compared to the US Oil and Gas industry average (0.7x).

Future Growth

How is DCP Midstream forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

67.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DCP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: DCP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DCP's is expected to become profitable in the next 3 years.

Revenue vs Market: DCP's revenue (3.8% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: DCP's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DCP's Return on Equity is forecast to be low in 3 years time (5%).

Past Performance

How has DCP Midstream performed over the past 5 years?

-57.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DCP is currently unprofitable.

Growing Profit Margin: DCP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DCP is unprofitable, and losses have increased over the past 5 years at a rate of -57% per year.

Accelerating Growth: Unable to compare DCP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DCP is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.8%).


Return on Equity

High ROE: DCP has a negative Return on Equity (-10.21%), as it is currently unprofitable.

Financial Health

How is DCP Midstream's financial position?


Financial Position Analysis

Short Term Liabilities: DCP's short term assets ($958.0M) do not cover its short term liabilities ($966.0M).

Long Term Liabilities: DCP's short term assets ($958.0M) do not cover its long term liabilities ($6.3B).


Debt to Equity History and Analysis

Debt Level: DCP's debt to equity ratio (99.7%) is considered high.

Reducing Debt: DCP's debt to equity ratio has increased from 77.1% to 99.7% over the past 5 years.

Debt Coverage: DCP's debt is not well covered by operating cash flow (14.5%).

Interest Coverage: DCP is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Dividend

What is DCP Midstream current dividend yield, its reliability and sustainability?

15.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DCP's dividend (15.4%) is higher than the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: DCP's dividend (15.4%) is in the top 25% of dividend payers in the US market (4.6%)


Stability and Growth of Payments

Stable Dividend: DCP's dividend payments have been volatile in the past 10 years.

Growing Dividend: DCP's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: DCP is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: DCP's dividends in 3 years are not forecast to be well covered by earnings (134.5% payout ratio).

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Wouter van Kempen (51yo)

7.5yrs

Tenure

US$5,087,251

Compensation

Mr. Wouter T. van Kempen has been the Chairman of DCP Midstream, LLC at DCP Midstream, LP since March 1, 2013 and has been its Chief Executive Officer since January 1, 2013. Mr. van Kempen has been Preside ...


CEO Compensation Analysis

Compensation vs Market: Wouter's total compensation ($USD5.09M) is about average for companies of similar size in the US market ($USD4.72M).

Compensation vs Earnings: Wouter's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Wouter van Kempen
Chairman7.5yrsUS$5.09m0.032% $688.7k
Sean O'Brien
Group VP & CFO of DCP Midstream GP6.5yrsUS$2.45m0.0079% $169.5k
Donald Baldridge
President of Operations of DCP Midstream GP LLC0.42yrUS$1.92m0.0099% $212.5k
Brent Backes
Group VP3.42yrsUS$1.84m0.0098% $209.7k
Corey Walker
President of Operations of DCP Midstream GP0.42yrno data0.012% $256.8k
Richard Loving
Chief Accounting Officer of DCP Midstream GP LLCno datano data0.0031% $65.9k
Irene Lofland
Vice President of Investor Relations2.5yrsno datano data
Sarah Sandberg
Senior Director of Communications & Public Affairsno datano datano data
Tamara Bray
Chief HR Officer & Group Vice President of DCP Midstream GP LLCno datano datano data
Jerry Barnhill
Group VPno datano datano data

3.0yrs

Average Tenure

50.5yo

Average Age

Experienced Management: DCP's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wouter van Kempen
Chairman7.5yrsUS$5.09m0.032% $688.7k
Billy Waycaster
Independent Director of DCP Midstream LLC5.08yrsUS$209.54k0.0062% $132.5k
Fred Fowler
Independent Director of DCP Midstream LLC5.33yrsUS$189.54k0.023% $482.8k
Stephen Neyland
Director of DCP Midstream GP0.083yrno datano data
Allen Capps
Director of DCP Midstream LLC3.92yrsno datano data
John Zuklic
Director of DCP Midstream LLC5.17yrsno datano data
William Kimble
Independent Director of DCP Midstream LLC5.08yrsUS$209.54k0.0062% $132.5k
Brian Mandell
Director of DCP Midstream LLC5.17yrsno datano data

5.1yrs

Average Tenure

54yo

Average Age

Experienced Board: DCP's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 44.5%.


Top Shareholders

Company Information

DCP Midstream, LP's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DCP Midstream, LP
  • Ticker: DCP
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$2.140b
  • Market Cap: US$2.110b
  • Shares outstanding: 211.25m
  • Website: https://www.dcpmidstream.com

Location

  • DCP Midstream, LP
  • 370 17th Street
  • Suite 2500
  • Denver
  • Colorado
  • 80202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DCPNYSE (New York Stock Exchange)YesCommon UnitsUSUSDDec 2005
D4PDB (Deutsche Boerse AG)YesCommon UnitsDEEURDec 2005

Biography

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 in two segments, 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); 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 44 natural gas processing plants and 51,000 miles of natural gas gathering and transmission systems. 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 founded in 2005 and is headquartered in Denver, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 23:58
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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 here.