GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

DCP Midstream Partners LP Reports Operating Results (10-Q)

May 10, 2012 | About:
10qk

10qk

18 followers
DCP Midstream Partners LP (DPM) filed Quarterly Report for the period ended 2012-03-31.

Dcp Midstream has a market cap of $2.28 billion; its shares were traded at around $43.26 with a P/E ratio of 35.4 and P/S ratio of 1.5. The dividend yield of Dcp Midstream stocks is 5.7%.

Highlight of Business Operations:

Gross Margin, Segment Gross Margin and Adjusted Segment Gross Margin We view our gross margin as an important performance measure of the core profitability of our operations. We review our gross margin monthly for consistency and trend analysis.

Purchases of Natural Gas and NGLs Purchases of natural gas and NGLs decreased in 2012 compared to 2011 primarily as a result of lower commodity prices, which impact both purchases and sales and timing of storage earnings recognition.

Total Operating Revenues Total operating revenues increased in 2012 compared to 2011 as result of the completion of the Wattenberg capital expansion project, increased throughput on our pipelines and our acquisition of the DJ Basin NGL Fractionators.

Purchases of Propane Purchases of propane decreased in 2012 compared to 2011 primarily due to reduced volumes as a result of record warm winter weather and lower propane prices, which impact both sales and purchases.

Read the The complete Report

About the author:

10qk
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide