DCP Midstream LP (DCP Midstream LP) Effective Interest Rate on Debt % : 5.46% (As of Mar. 2023)

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What is DCP Midstream LP Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. DCP Midstream LP's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $272 Mil. DCP Midstream LP's average total debt for the quarter that ended in Mar. 2023 was $4,979 Mil. Therefore, DCP Midstream LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 5.46%.

DCP Midstream LP Effective Interest Rate on Debt % Historical Data

The historical data trend for DCP Midstream LP's Effective Interest Rate on Debt % 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.

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DCP Midstream LP Effective Interest Rate on Debt % Chart

DCP Midstream LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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5.37

5.16

5.33

5.30

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
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.18	5.26	5.45	5.51	5.46

Competitive Comparison of DCP Midstream LP's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, DCP Midstream LP's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DCP Midstream LP's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, DCP Midstream LP's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where DCP Midstream LP's Effective Interest Rate on Debt % falls into.

DCP Midstream LP Effective Interest Rate on Debt % Calculation

DCP Midstream LP's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -278	/	( (5526	+	4958)	/ 2 )
=	-1 * -278	/	5242
=	5.30 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5171	+	355
=	5526

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4452	+	506
=	4958

DCP Midstream LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -272	/	( (4958	+	4999)	/ 2 )
=	-1 * -272	/	4978.5
=	5.46 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4452	+	506
=	4958

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4992	+	7
=	4999

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

DCP Midstream LP (NYSE:DCP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

DCP Midstream LP Effective Interest Rate on Debt % 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 » Effective Interest Rate on Debt %

Comparable Companies

PAA WES MMP AM ENLC DTM ETRN FRO CEQP PAGP TSX:ENB EPD ET TSX:TRP WMB KMI LNG MPLX OKE CQP

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