Phillips 66 completes acquisition of DCP Midstream, LP common units

6/15/2023

Phillips 66 and DCP Midstream, LP completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8 B, increasing its economic interest in DCP Midstream to 86.8%.

Effective with the opening of markets today, DCP Midstream’s common units will no longer be listed on the New York Stock Exchange.