DCP Midstream Partners, LP

Company type	Private
Industry	Petroleum industry
Founded	2005
Key people	Don Baldridge (Interim CEO)
Products	Midstream services
Revenue	$9.8 billion (2018)[1]
Operating income	$223 million (2018)
Net income	$302 million (2018)
Total assets	$14.3 billion (2018)
Total equity	$7.3 billion (2015)
Owner	Phillips 66 and Enbridge
Number of employees	2,650 [2] (2018)
Website	www.dcpmidstream.com

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]

Background

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]