DCP · Dcp Midstream, LP - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.84B | $2.73B | - | $4.32B | $4.27B | $3.38B | - | $2.83B | $2.08B | $2.32B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $429.00M | $498.00M | - | $622.00M | $625.00M | $300.00M | - | $316.00M | $246.00M | $281.00M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $68.00M | $80.00M | - | $90.00M | $65.00M | $55.00M | - | $63.00M | $57.00M | $38.00M |
| Total Operating Expenses | $1.82B | $2.60B | - | $4.07B | $3.98B | $3.37B | - | $2.83B | $2.17B | $2.31B |
| D&A | $91.00M | $90.00M | - | $90.00M | $90.00M | $90.00M | - | $89.00M | $93.00M | $91.00M |
| Operating Income | $22.00M | $121.00M | - | $247.00M | $288.00M | $10.00M | - | ($6.00M) | ($84.00M) | $3.00M |
| Interest Expense | $75.00M | $68.00M | - | $69.00M | $70.00M | $71.00M | - | $73.00M | $77.00M | $77.00M |
| Income Tax | $0 | $1.00M | - | $1.00M | $2.00M | $1.00M | - | $0 | $0 | $0 |
| Net Income | $94.00M | $211.00M | - | $328.00M | $383.00M | $80.00M | - | $54.00M | ($31.00M) | $53.00M |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.00M | $1.00M | $1.00M | $93.00M | $8.00M | $1.00M | $1.00M | $3.00M | $5.00M | $5.00M |
| Accounts Receivable | $438.00M | $707.00M | $995.00M | $1.30B | $1.46B | $1.13B | $1.03B | $1.04B | $780.00M | $725.00M |
| Inventory | $41.00M | $28.00M | $83.00M | $45.00M | $108.00M | $46.00M | $77.00M | $58.00M | $52.00M | $30.00M |
| Accounts Payable | $517.00M | $709.00M | $1.20B | $1.35B | $1.48B | $1.24B | $977.00M | $1.04B | $757.00M | $669.00M |
| Current Assets | $1.00B | $1.27B | $1.70B | $2.26B | $2.58B | $2.18B | $1.75B | $2.00B | $1.52B | $1.23B |
| Total Assets | $12.49B | $12.88B | $13.33B | $13.88B | $14.06B | $13.75B | $13.38B | $13.70B | $13.30B | $13.11B |
| Current Liabilities | $1.14B | $1.39B | $2.50B | $2.74B | $2.85B | $2.58B | $2.01B | $2.29B | $1.81B | $1.74B |
| Long-term Debt | $4.90B | $4.89B | $4.36B | $4.32B | $4.62B | $4.84B | $5.08B | $5.33B | $5.39B | $5.18B |
| Total Liabilities | $6.51B | $6.74B | $7.30B | $7.50B | $7.91B | $7.88B | $7.50B | $8.03B | $7.60B | $7.28B |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $135.00M | - | - | - | $189.00M | - | - | - | ($4.00M) |
| Investing Cash Flow | - | ($72.00M) | - | - | - | ($8.00M) | - | - | - | ($14.00M) |
| Financing Cash Flow | - | ($64.00M) | - | - | - | ($181.00M) | - | - | - | ($30.00M) |
| CapEx | $82.00M | $81.00M | - | $68.00M | $37.00M | $23.00M | - | $28.00M | $27.00M | $14.00M |
| Free Cash Flow | - | $54.00M | - | - | - | $166.00M | - | - | - | ($18.00M) |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 23.3% | 18.3% | - | 14.4% | 14.6% | 8.9% | - | 11.2% | 11.8% | 12.1% |
| Operating margin | 1.2% | 4.4% | - | 5.7% | 6.7% | 0.3% | - | -0.2% | -4.0% | 0.1% |
| EBITDA margin | 6.1% | 7.7% | - | 7.8% | 8.9% | 3.0% | - | 2.9% | 0.4% | 4.1% |
| Net margin | 5.1% | 7.7% | - | 7.6% | 9.0% | 2.4% | - | 1.9% | -1.5% | 2.3% |
| Free cash flow margin | - | 2.0% | - | - | - | 4.9% | - | - | - | -0.8% |
| FCF / Net income | - | 0.26 | - | - | - | 2.08 | - | - | - | -0.34 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 3.7% | 2.9% | - | 2.1% | 1.5% | 1.6% | - | 2.2% | 2.7% | 1.6% |
| Effective tax rate | 0.0% | 0.5% | - | 0.3% | 0.5% | 1.2% | - | 0.0% | - | 0.0% |
| Return on assets | 0.8% | 1.6% | - | 2.4% | 2.7% | 0.6% | - | 0.4% | -0.2% | 0.4% |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.88 | 0.91 | 0.68 | 0.82 | 0.91 | 0.84 | 0.87 | 0.88 | 0.84 | 0.71 |
| Quick ratio | 0.84 | 0.89 | 0.65 | 0.81 | 0.87 | 0.83 | 0.83 | 0.85 | 0.81 | 0.69 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.39 | 0.38 | 0.33 | 0.31 | 0.33 | 0.35 | 0.38 | 0.39 | 0.41 | 0.39 |
| Debt / EBITDA | 43.37 | 23.18 | - | 12.81 | 12.23 | 48.38 | - | 64.16 | 598.67 | 55.09 |
| Interest coverage | 0.3x | 1.8x | - | 3.6x | 4.1x | 0.1x | - | -0.1x | -1.1x | 0.0x |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | 0.52 | 0.52 | 0.55 | 0.54 | 0.56 | 0.57 | 0.56 | 0.59 | 0.57 | 0.56 |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | 0.21 | - | 0.31 | 0.30 | 0.25 | - | 0.21 | 0.16 | 0.18 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 87d | 95d | - | 110d | 124d | 122d | - | 135d | 137d | 114d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -56.9% | -19.2% | - | 52.8% | 104.7% | 45.6% | - | 78.2% | 63.7% | - |
| Revenue CAGR (3y) | 13.1% | - | - | 36.5% | 33.4% | 15.3% | - | 0.8% | -3.5% | 2.7% |
| Revenue CAGR (5y) | -4.5% | 5.0% | - | 16.0% | 17.0% | 9.7% | - | 50.0% | 43.1% | 43.6% |
| Gross profit growth (YoY) | -31.4% | 66.0% | - | 96.8% | 154.1% | 6.8% | - | -14.1% | -18.0% | - |
| Operating income growth (YoY) | -92.4% | 1110.0% | - | - | - | 233.3% | - | - | -1300.0% | - |
| Net income growth (YoY) | -75.5% | 163.8% | - | 507.4% | - | 50.9% | - | -51.4% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | -67.5% | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | 11.6% | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$10.71B totalLogisticsand Marketing$9.73B · 90.9%
Gatheringand Processing$6.89B · 64.4%
Intersegment Elimination($5.92B) · -55.3%
Peer comparison
Same SIC group: Natural Gas Transmission
Comparing DCP Midstream against the 5 most active filers in the same SIC group.