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

May 10, 2012 | About:

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:

Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

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