| DCP Midstream Partners, LP | |
| Type: | Private |
| Foundation: | 2005 |
| Areas Served: | --> |
| Key People: | Don Baldridge (Interim CEO) |
| Num Employees: | 2,650 [1] |
| Industry: | Petroleum industry |
| Products: | Midstream services |
| Revenue: | $9.8 billion (2018)[2] |
| Operating Income: | $223 million (2018) |
| Net Income: | $302 million (2018) |
| Assets: | $14.3 billion (2018) |
| Equity: | $7.3 billion (2015) |
| Num Employees Year: | 2018 |
| Owner: | Phillips 66 and Enbridge |
DCP Midstream Partners, LP (Enbridge and Phillips 66) is a Fortune 500 company for midstream petroleum services (i.e. transportation and refinery), headquartered in Denver, Colorado.[3]
As a publicly traded partnership, the company does not have directors, officers, or employees of its own, but relies on its general partner for managing its operations.[4] As of 2015, it had a total economic value of more than $6 billion and 628 employees providing support, making it one of the largest midstream petroleum services company in the United States.[5] In June 2023, Phillips 66 increased its ownership stake in DCP Midstream to 86% by acquiring all publicly-listed stock from the New York Stock Exchange.[6]