DENVER, May 21, 2018 (GLOBE NEWSWIRE) — Today, DCP Midstream, LP (NYSE:DCP) joined the Fortune 500 as #344 in the 64th running of the list. Fortune Magazine ranks companies by total revenue and DCP is one of 20 new companies to the list, and one of nine companies headquartered in Colorado. On January 23, 2017, DCP Midstream began trading under the NYSE stock ticker DCP, following a transaction combining DCP Midstream, LLC with DCP Midstream Partners. The simplified corporate structure created one of the largest natural gas liquids (NGL) producers and marketers, and one of the largest natural gas processors in the United States.
“DCP Midstream is a company that strives for operational excellence every day, and I congratulate our 2,700 employees across the country on achieving great success as we make continued progress toward our DCP 2020 vision,” said Wouter van Kempen, chairman, president, and CEO of DCP Midstream.
“Hats off to DCP Midstream for joining the rank of Fortune 500,” said Colorado Governor John Hickenlooper. “This recognition is a testimony to your commitment to building strong communities and the positive impact you’re having throughout the state.”
DCP has also been recognized in 2018 for its commitment to safety, and the company’s culture and workplace environment. On the heels of DCP’s record-setting safety performance in 2017, the GPA Midstream Association recently honored DCP with the Chairman’s Award for Safety Improvement and the second place safety award for large companies. Additionally, Forbes announced DCP as the #77 Best Midsize Employer in 2018.
“As DCP Midstream succeeds, it has been important for our company to ensure that we share this success with the communities where we live and work,” said van Kempen. “Throughout our over 90-year history, DCP is proud to be a good neighbor and contributor within the hundreds of communities in which we operate our facilities and pipelines. Our first commitment is to operate safely and responsibly to provide the natural gas our society relies on every day. In tandem with our operations, we are dedicated to improving our communities through investment, volunteerism, and engagement.”
DCP supports a variety of local efforts and causes and is one of the largest supporters of the American Heart Association nationally. Over the past four years, DCP has raised and donated over $4 million to support the mission of the American Heart Association.
DCP is a midstream master limited partnership, with a diversified portfolio of assets, engaged in the business of gathering, compressing, treating, processing, transporting, storing, and selling natural gas; and producing, fractionating, transporting, storing and selling NGLs and recovering and selling condensate. DCP owns and operates 60 plants and more than 60,000 miles of natural gas and natural gas liquids pipelines, with operations in 17 states across major producing regions. Denver, Colorado-based DCP is managed by its general partner, DCP Midstream GP, LP, which is managed by its general partner, DCP Midstream GP, LLC, which is 100% owned by DCP Midstream, LLC. DCP Midstream, LLC is a joint venture between Enbridge and Phillips 66.