DCP Midstream LP (NYSE:DCP) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, DCP to report 3Q20 income of $ 0.38 per share.
For the full year, analysts anticipate top line of $ 7866.59 million, while looking forward to loss of $ 1.78 per share bottom line.
Previous Quarter Performance
DCP Midstream LP communicated income for the second quarter of $ 0.15 per share, from the revenue of $ 1,274.00 million. The consensus estimates are income of $ 0.26 per share from $ 1700.00 million in revenue. The bottom line results missed street analysts by $ 0.11 or 42.31 percent, at the same time, top line results fell short of analysts by $ 426 million or 25.06 percent.
Stock Performance
Shares of DCP Midstream LP traded low $ -0.32 or -2.58 percent on Tuesday, reaching $ 12.10 with volume of 914.20 thousand shares. DCP Midstream LP has traded high as $ 13.11 and has cracked $ 12.10 on the downward trend
According to the previous trading day, closing price of $ 12.10, representing a 464.55 % increase from the 52 week low of $ 2.20 and a 52.7 % decrease over the 52 week high of $ 26.26.
The company has a market capital of $ 2.52 billion and is part of the Energy sector and Oil & Gas Midstream industry.
DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates in two segments, Logistics and Marketing, and Gathering and Processing. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and natural gas liquids (NGLs); fractionating NGLs; and wholesale propane logistics.
