DCP on NYSE

DCP Midstream Partners

Logo: dcpmidstream.com4

American petroleum services company

DCP Midstream Partners was an American energy company that focused on midstream petroleum services (i.e. transportation and refinery).3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

2005Founded1

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  • TickerDCP on NYSE1
  • Industrypetroleum industry1
  • HeadquartersDE1
  • Websitewww.dcpmidstream.com
  • Incorporated inDE5
  • Business address6900 East Layton Avenue, Suite 900, Denver, Co 802375
  • Filer categoryLarge accelerated filer5

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DCP Midstream Partners image from its website
Image: dcpmidstream.com4

DCP Midstream Partners was an American energy company that focused on midstream petroleum services (i.e. transportation and refinery). The majority of its shares were acquired by Phillips 66 in 2023 and the company has been controlled of Phillips 66 since then.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

14.0%Gross margin7
4.8%Operating margin7
7.0%Net margin7
40.0%Revenue growth, 20227
$1.6BFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs91¢$13.7B
  • Interest2¢$278.0M
  • Income tax0¢$1.0M
  • Profit7¢$1.1B

Out of $15.0B in revenue.7

Where each dollar of operating cash went, fiscal 2022

  • Capital spending13¢$246.0M
  • Kept or used elsewhere87¢$1.6B

Out of $1.9B of cash from operations.7

Financial statements

Revenue8910117$15.0B in 2022+118% since 2016
0$5.0B$10.0B$15.0B2016: $6.9B$6.9B20162017: $8.5B$8.5B2017+23%2018: $9.8B$9.8B2018+16%2019: $7.6B$7.6B2019−22%2020: $6.3B$6.3B2020−17%2021: $10.7B$10.7B2021+70%2022: $15.0B$15.0B2022+40%
Gross profit8910117$2.1B in 2022+47% since 2016
0$1.0B$2.0B$3.0B2016: $1.4B$1.4B20162017: $1.6B$1.6B2017+10%2018: $1.8B$1.8B2018+14%2019: $1.6B$1.6B2019−11%2020: $1.6B$1.6B2020−3%2021: $1.4B$1.4B2021−8%2022: $2.1B$2.1B2022+46%
Operating income8910117$715.0M in 2022+299% since 2016
-$500.0M0$500.0M$1.0B2016: $179.0M$179.0M20162017: $222.0M$222.0M2017+24%2018: $223.0M$223.0M2018+0%2019: -$150.0M-$150.0M20192020: -$447.0M-$447.0M2020+198%2021: $165.0M$165.0M20212022: $715.0M$715.0M2022+333%
Net income8910117$1.1B in 2022+1095% since 2016
-$500.0M0$500.0M$1.0B$1.5B2016: $88.0M$88.0M20162017: $229.0M$229.0M2017+160%2018: $298.0M$298.0M2018+30%2019: $17.0M$17.0M2019−94%2020: -$306.0M-$306.0M20202021: $391.0M$391.0M20212022: $1.1B$1.1B2022+169%
Fiscal year2016201720182019202020212022
Revenue$6.9B8$8.5B9$9.8B10$7.6B11$6.3B7$10.7B7$15.0B7
Cost of revenue$6.9B9$8.0B9$6.0B9
Gross profit$1.4B8$1.6B9$1.8B10$1.6B11$1.6B7$1.4B7$2.1B7
Operating income$179.0M8$222.0M9$223.0M10-$150.0M11-$447.0M7$165.0M7$715.0M7
Interest$321.0M8$289.0M9$269.0M10$304.0M11$302.0M7$299.0M7$278.0M7
Income tax$46.0M8-$2.0M9-$3.0M10-$1.0M11$07-$6.0M7$1.0M7
Net income$88.0M8$229.0M9$298.0M10$17.0M11-$306.0M7$391.0M7$1.1B7

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The story

As a publicly traded partnership, the company did not have directors, officers, or employees of its own, but relied on its general partner to manage its operations.

As of 2015, the company had a total economic value of more than $6 billion and 628 employees provided support, making it one of the largest midstream petroleum services company in the United States.

In June 2023, Phillips 66 increased its ownership stake in DCP Midstream to 86% by acquiring all publicly listed stock from the New York Stock Exchange. The majority of remaining shares were held by Canadian energy company Enbridge.

From Wikipedia’s article on DCP Midstream Partners, shared under CC BY-SA 4.0.6

Leadership

Who has led DCP Midstream Partners, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark A. Borer2006–2012
  2. Kempen Wouter T. Van2013–2022
  3. Don Baldridge2023

Chair

  1. Kempen Wouter T. Van2020–2022

President

  1. Mark A. Borer2006–2012
  2. William S. Waldheim2012–2014
  3. Brian S. Frederick2017
  4. Don Baldridge2017–2022
  5. Kempen Wouter T. Van2017–2022
  6. Corey Walker2020–2021

Chief financial officer

  1. Angela A. Minas2008–2012
  2. Rose M. Robeson2012–2013
  3. Scott Richard Delmoro2023
2010201520202025
Board members and other officers (40)

Former names

  • DCP Midstream Partners, LPSep 16, 2005 to Jan 6, 20175

Timeline

  1. Mar 7, 2023New chief executive Don Baldridge becomes CEO18
  2. Jan 8, 2013New chief executive Kempen Wouter T. Van becomes CEO19
  3. Nov 17, 2006New chief executive Mark A. Borer becomes CEO20
  4. Dec 2, 2005Went public Listed on NYSE1
  5. 2005Founded Founded1

Filings

93 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 21 major events, 34 insider forms, 2 large holders, 28 other. The latest 20:

  1. Oct 26, 202315-12G EDGAR
  2. Oct 16, 20238-K EDGAR
  3. Sep 14, 20238-K EDGAR
  4. Aug 4, 202310-Q EDGAR
  5. Jul 14, 20238-K EDGAR
  6. Jun 26, 202315-12G EDGAR
  7. Jun 20, 2023EFFECT EDGAR
  8. Jun 20, 2023EFFECT EDGAR
  9. Jun 16, 20234 EDGAR
  10. Jun 16, 20234 EDGAR
  11. Jun 16, 20234 EDGAR
  12. Jun 16, 20234 EDGAR
  13. Jun 16, 20234 EDGAR
  14. Jun 16, 20234 EDGAR
  15. Jun 16, 20234 EDGAR
  16. Jun 16, 20234 EDGAR
  17. Jun 16, 20234 EDGAR
  18. Jun 15, 2023POS AM EDGAR
  19. Jun 15, 2023S-8 POS EDGAR
  20. Jun 15, 2023S-8 POS EDGAR

The 93 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 2 such filings since October 2021:

  1. Feb 13, 2023SC 13G/A
  2. Feb 3, 2022SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Feb 19, 2020David A Perdue , Jr, SenatePartial sale$1,001 - $15,000Report
Feb 19, 2020David A Perdue , Jr, SenatePartial sale$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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