DCP Midstream LP (DCP Midstream LP) Cash, Cash Equivalents, Marketable Securities : $1 Mil (As of Mar. 2023)

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What is DCP Midstream LP Cash, Cash Equivalents, Marketable Securities?

DCP Midstream LP's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 ($93.00 Mil) to Dec. 2022 ($1.00 Mil) but then stayed the same from Dec. 2022 ($1.00 Mil) to Mar. 2023 ($1.00 Mil).

DCP Midstream LP's annual cash, cash equivalents, marketable securities declined from Dec. 2020 ($52.00 Mil) to Dec. 2021 ($1.00 Mil) but then stayed the same from Dec. 2021 ($1.00 Mil) to Dec. 2022 ($1.00 Mil).

DCP Midstream LP Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for DCP Midstream LP's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

DCP Midstream LP Cash, Cash Equivalents, Marketable Securities Chart

DCP Midstream LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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1.00

52.00

1.00

DCP Midstream LP Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1.00	8.00	93.00	1.00	1.00

DCP Midstream LP Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

DCP Midstream LP (NYSE:DCP) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

DCP Midstream LP Cash, Cash Equivalents, Marketable Securities Related Terms

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DCP Midstream LP (DCP Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DCP Midstream LP (NYSE:DCP) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

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Traded in Other Exchanges

N/A

Address

6900 E. Layton Avenue, Suite 900, Denver, CO, USA, 80237

Website

https://www.dcpmidstream.com

DCP Midstream LP is primarily a gathering and processor partnership with major asset bases in the Permian, Scoop/Stack, Eagle Ford, and DJ Basin. It also has investments in the Sand Hills natural gas liquids pipeline as well as the Gulf Coast Express gas pipeline, which both serve the growing Permian basin. The company's segment includes Logistics and Marketing and Gathering and Processing. It generates maximum revenue from the Logistics and Marketing segment.

Executives

Scott Richard Delmoro	officer: Principal Financial Officer	6900 E. LAYTON AVE, SUITE 900, DENVER CO 80237
Timothy D. Roberts	director	C/O PHILLIPS 66 PARTNERS LP, 3010 BRIARPARK DRIVE, HOUSTON TX 77042
Clifford Todd Denton	director	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Co	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
66 Phillips	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Project Development Inc.	10 percent owner	P.O. BOX 4428, HOUSTON TX 77210
Phillips 66 Project Shareholder Inc.	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips Gas Co Llc	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Kevin J Mitchell	director	3010 BRIARPARK DRIVE, HOUSTON TX 77042
William L. Johnson	officer: President	370 17TH STREET, SUITE 2500, DENVER CO 80202
George R. Green	officer: Group VP & General Counsel	370 17TH STREET, SUITE 2500, DENVER CO 80202
Heather Crowder	director	370 17TH STREET, SUITE 2500, DENVER CO 80202
Stephen J Neyland	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Sean O'brien	officer: Group Vice President and CFO	370 17TH STREET, SUITE 2500, DENVER CO 80202
Richard A. Loving	officer: Vice President and Controller	370 17TH STREET, SUITE 2500, DENVER CO 80202