Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of report (date of earliest event reported): November 5,
2009
DCP
MIDSTREAM PARTNERS, LP
(Exact
name of registrant as specified in its charter)
Delaware
|
001-32678
|
03-0567133
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File No.)
|
(IRS
Employer
Identification
No.)
|
370
17th Street, Suite 2775
Denver,
Colorado 80202
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (303) 633-2900
(Former
name or former address, if changed since last report) Not Applicable
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the Registrant under any of the following
provisions:
|
o |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) |
|
o |
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
|
o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under Exchange Act (17 CFR
240.14d-2(b)) |
|
o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c)) |
Item
2.02 Results of Operations and Financial Condition.
On November 5, 2009, DCP Midstream
Partners, LP announced its financial results for the third quarter of 2009
pursuant to a press release. A copy of the press release is furnished
as Exhibit 99.1 to this current report on Form 8-K, and is incorporated herein
by reference. The press release contains financial measures that are
not presented in accordance with accounting principles generally accepted in the
United States of America, or GAAP, for the applicable periods presented,
including Adjusted EBITDA and Adjusted segment EBITDA for each of our three
business segments. The most directly comparable GAAP financial
measures to Adjusted EBITDA are net income or loss attributable to partners,
which is presented prominently in the attached press release for the applicable
periods presented, and net cash provided by operating activities, which is
presented in the attached press release and prominently below for the applicable
periods presented. The most directly comparable segment GAAP financial measure
for each business segment is the applicable segment net income or loss
attributable to partners, which GAAP financial measures are set forth in the
release and below for the applicable periods presented:
DCP
MIDSTREAM PARTNERS, LP
GAAP
FINANCIAL MEASURES
(Unaudited)
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Three
Months Ended
September
30,
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Nine
Months Ended
September
30,
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(millions)
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(millions)
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Net
cash provided by operating activities
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$ |
43.8 |
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$ |
50.2 |
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$ |
42.0 |
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$ |
95.1 |
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$ |
121.0 |
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$ |
54.7 |
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DCP
MIDSTREAM PARTNERS, LP
SEGMENT
GAAP FINANCIAL MEASURES
(Unaudited)
|
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Three
Months Ended
September
30,
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Nine
Months Ended
September
30,
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(millions)
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(millions)
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Natural
Gas Services Segment:
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Segment
net income attributable to partners
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$ |
20.8 |
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$ |
170.1 |
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$ |
165.5 |
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$ |
1.8 |
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$ |
35.6 |
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$ |
13.3 |
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Wholesale
Propane Logistics Segment:
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Segment
net income (loss) attributable to partners
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$ |
2.4 |
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$ |
(1.3 |
) |
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$ |
(1.3 |
) |
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$ |
28.2 |
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$ |
5.2 |
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$ |
5.2 |
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NGL
Logistics Segment:
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Segment
net income attributable to partners
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$ |
1.7 |
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$ |
1.1 |
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$ |
1.1 |
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$ |
3.8 |
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$ |
4.4 |
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$ |
4.4 |
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In
accordance with General Instruction B.2 of Form 8-K, the press release shall not
be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that section,
nor shall such information or exhibit be deemed incorporated by reference into
any filing under the Securities Act of 1933 or Securities Exchange Act of 1934,
each as amended, except as shall be expressly set forth by specific reference in
any such filing.
Item
9.01 Financial Statements and Exhibits.
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(d) |
Exhibits. |
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Exhibit
Number |
Description |
|
99.1 |
Press Release dated
November 5, 2009 |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated: November
5, 2009
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DCP
MIDSTREAM PARTNERS, LP |
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By: |
DCP
MIDSTREAM GP, LP,
its
General Partner
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By:
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DCP MIDSTREAM GP,
LLC,
its
General Partner
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By:
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/s/
Michael S. Richards
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Name: |
Michael
S. Richards
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Title: |
Vice
President, General Counsel and
Secretary
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EXHIBIT
INDEX
|
Exhibit
Number |
Description |
|
99.1 |
Press Release dated
November 5, 2009 |