DENVER, Oct. 12, 2021 (GLOBE NEWSWIRE) – DCP Midstream, LP (NYSE: DCP) today announced distributions of common and preferred units for the third quarter of 2021. In addition, DCP announced that its earnings for the third quarter of 2021 quarter 2021 will be released after the news The York Stock Exchange closes on Tuesday, November 2, 2021, and a conference call to discuss the quarterly results will be held at 10 a.m. ET on Wednesday, November 3, 2021.
Third Quarter Distribution Statement
The board of directors of the general partner of DCP declared a distribution of common units in the third quarter of 2021 of $ 0.39 per unit, or $ 1.56 per unit on an annualized basis. This quarterly cash distribution on Common Units will be paid on November 12, 2021 to Common Unitholders of record at the close of business on October 29, 2021.
In addition, the board of directors has declared distributions for the preferred units. A semi-annual cash distribution of Series A preferred units of $ 36.875 per unit will be paid on December 15, 2021 to preferred unitholders of record as of the close of business on December 1, 2021.
A quarterly cash distribution of Series B Preferred Units of $ 0.4922 per unit will be paid on December 15, 2021 to preferred unitholders of record as of the close of business on December 1, 2021.
A quarterly cash distribution on the Series C Preferred Units of $ 0.4969 per unit will be paid on January 18, 2022 to preferred unitholders of record as of the close of business on January 3, 2022.
Third Quarter Results Conference Call Details
DCP will host a conference call to discuss its third quarter 2021 results at 10:00 a.m.ET on Wednesday, November 3, 2021. The live audio webcast of the conference call and accompanying presentation slides will be accessible through the Investors section of the website by DCP. at www.dcpmidstream.com, and the conference call can be accessed by dialing (844) 233-0113 within the United States or (574) 990-1008 outside the United States. The conference ID number is 8273648.
A replay of the conference call will be available until November 10, 2021 by dialing (855) 859-2056 in the United States or (404) 537-3406 outside the United States and using the ID number of the conference previously noted. An audio replay and a transcript of the webcast will also be available by accessing the Investors section of DCP’s website at www.dcpmidstream.com.
This serves as qualified advice to applicants and brokers, in accordance with section 1.1446-4 (b) (4) and (d) of the Treasury regulations. Please note that 100% of DCP distributions to foreign investors are attributable to income that is actually related to a trade or business in the United States. Therefore, DCP distributions to foreign investors are subject to federal withholding tax at the highest effective tax rate. Nominees are treated as agents responsible for withholding distributions they receive on behalf of foreign investors.
About DCP Midstream, LP
DCP Midstream, LP (NYSE: DCP) is a Fortune 500 Intermediate Senior Limited Partnership based in Denver, Colorado, with a diverse portfolio of collection, processing, logistics and marketing assets. DCP is one of the largest producers and distributors of natural gas liquids and one of the largest natural gas processors in the United States. The owner of the DCP General Partner is a joint venture between Enbridge and Phillips 66. For more information, visit DCP Midstream, LP’s website at www.dcpmidstream.com.