Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

September 03, 2015 5:41 PM ET

Oil, Gas and Consumable Fuels

Company Overview of DCP Midstream LLC

Company Overview

DCP Midstream, LLC, together with its subsidiaries, engages in gathering, processing, compressing, treating, transporting, storing, and selling natural gas in the United States. The company is also involved in producing, fractionating, transporting, storing, and selling natural gas liquids (NGLs); recovering and selling condensate; and trading and marketing natural gas and NGLs. It serves gas marketers and industrial end users; and multi-national petrochemical and refining companies, and small regional propane distributors. The company was formerly known as Duke Energy Field Services, LLC and changed its name to DCP Midstream, LLC in January 2007. DCP Midstream, LLC was founded in 1929 and i...

370 17th Street

Suite 2500

Denver, CO 80202

United States



Key Executives for DCP Midstream LLC

Chairman, Chief Executive Officer and President
Age: 45
Chief Financial Officer and Group Vice President
Age: 45
Chief Executive Officer of DCP Midstream Partners, LP
Age: 61
President of Asset Operations
President of Commercial
Age: 45
Compensation as of Fiscal Year 2015.

DCP Midstream LLC Key Developments

DCP Midstream LLC Enters into First Amendment to Amended and Restated Credit Agreement

On March 23, 2015, DCP Midstream Partners, LP was advised by DCP Midstream, LLC, that DCP Midstream had entered into a First Amendment to Amended and Restated Credit Agreement that amends DCP Midstream's May 2014 Amended and Restated Revolving Credit Agreement with various financial institutions. The Credit Facility Amendment provides total revolver borrowing capacity of $1.8 billion and matures in March 2017. Certain subsidiaries of DCP Midstream, other than the Partnership, will provide guarantees of borrowings under this facility. In addition, borrowings under this facility will be secured with a pledge of DCP Midstream's limited partner and general partner ownership interests in the Partnership as collateral. No physical assets of DCP Midstream are pledged as collateral for borrowings under this facility. The Credit Facility Amendment adds a calculation of consolidated secured leverage ratio of not more than 3.25 to 1.00 and temporarily suspends until December 31, 2015 the calculation of the consolidated leverage ratio financial covenant of not more than 5.00 to 1.00. Indebtedness under the Credit Facility Amendment bears interest at either: (1) LIBOR, plus an applicable margin of 2.50%; or (2) (a) the base rate which shall be the higher of Wells Fargo Bank N.A.'s prime rate, the Federal Funds rate plus 0.50% or the LIBOR Market Index rate plus 1% plus (b) an applicable margin of 1.50%. The Credit Facility Amendment incurs an annual facility fee of 0.50%. This fee is paid on drawn and undrawn portions of this facility.

DCP Midstream Announces Reduction in Force

DCP Midstream executed a reduction in force affecting approximately 20% of its employees in corporate staff functions. With this corporate restructuring, DCP Midstream will close its Oklahoma City regional office and reduce its workforce in its Tulsa and Midland offices, relocating functions in those locations primarily to its Denver headquarters and Houston regional office.

DCP Midstream LLC Announces Earnings Results for the Fourth Quarter Ended December 31, 2014

DCP Midstream LLC announced earnings results for the fourth quarter ended December 31, 2014. For the quarter, the company reported loss of $12 million and adjusted loss of $11 million compared to earnings of $31 million and adjusted earnings of $31 million, respectively for the third quarter of 2014.

Similar Private Companies By Industry

Company Name Region
Strand Energy, L.C. United States
Jett Rink Oil, LLC United States
Coronado Coal II LLC United States
Reinhard Petroleum, L.L.C. United States
ETC ProLiance Energy, LLC United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DCP Midstream LLC, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at