DCP Midstream Partners
{{Short description|American petroleum services company}}
{{Infobox company
| name = DCP Midstream Partners, LP
| logo =
| type = Private
| industry = Petroleum industry
| foundation = {{Start date |2005 }}
| defunct = {{End date|2023}}
| fate = Acquired
| successor = Phillips 66
| hq_location_city = Denver, Colorado
| hq_location_country = United States
| area_served = United States
| key_people = Don Baldridge (Interim CEO)
| products = Midstream services
| num_employees_year = 2018
| owner = Phillips 66 and Enbridge
| website = {{URL|http://www.dcpmidstream.com/}}
}}
DCP Midstream Partners was an American energy company that focused on midstream petroleum services (i.e. transportation and refinery). The majority of its shares were acquired by Phillips 66 in 2023 and the company has been controlled of Phillips 66 since then.{{cite news |url=https://www.forbes.com/sites/joecornell/2025/02/26/activist-shareholders-push-for-separation-of-phillips-66s-midstream-business/ |title=Activist Shareholders Push For Separation Of Phillips 66's Midstream Business |date=February 26, 2025 |publisher=Forbes }}
Prior to its acquisition it was is a Fortune 500 company headquartered in Denver, Colorado.{{Cite web|url=http://fortune.com/fortune500/dcp-midstream/|title=DCP Midstream|website=Fortune|access-date=2018-12-14|archive-date=2018-06-22|archive-url=https://web.archive.org/web/20180622005917/http://fortune.com/fortune500/dcp-midstream|url-status=dead}}
History
As a publicly traded partnership, the company did not have directors, officers, or employees of its own, but relied on its general partner to manage its operations.{{cite web|title=Fortune 1000 List|url=http://beta.fortune.com/fortune500/2015/dcp-midstream-partners-665|website=Fortune|publisher=Time|accessdate=2016-10-31}}
As of 2015, the company had a total economic value of more than $6 billion and 628 employees provided support, making it one of the largest midstream petroleum services company in the United States.{{cite web|title=2015 Annual Report|url=http://services.corporate-ir.net/SEC.Enhanced/SecCapsule.aspx?c=194107&fid=14231981|website=DCP|publisher=DCP|accessdate=2016-10-31}}
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.{{cite web |url=https://www.bizjournals.com/houston/news/2023/06/15/phillips-66-acquires-dcp-midstream-public-units.html |title=Phillips 66 completes $3.8B acquisition of DCP Midstream's public units |date=June 15, 2023 |first= Olivia |last=Pulsinelli |publisher=Houston Business Journal}} The majority of remaining shares were held by Canadian energy company Enbridge.{{cite news |url=https://www.reuters.com/markets/deals/phillips-66-buys-public-units-pipeline-operator-dcp-midstream-38-bln-2023-01-06/ |title=Phillips 66 buys public units of pipeline operator DCP Midstream for $3.8 bln |date=January 7, 2023 |publisher=Reuters }}