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): ~~April~~May 193, 2023

DCP MIDSTREAM, 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.)

6900 E. Layton Ave, Suite 900

Denver, Colorado 80237

(Address of principal executive offices) (Zip Code)

(303) 595-3331

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

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:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common units representing limited partnership interests

DCP

New York Stock Exchange

7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

DCP PRB

New York Stock Exchange

7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

DCP PRC

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5 2.02 ~~Departure~~Results of ~~Directors~~Operations orand ~~Certain~~Financial ~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Condition.

~~Effective~~On ~~June 1~~May 3, 2023, ~~George Green, Group Vice President and General Counsel of DCP Midstream GP, LLC (“DCP GP LLC”), a Delaware limited liability company and~~ the ~~general~~Partnership ~~partner~~issued ~~of DCP Midstream GP, LP,~~ a ~~Delaware~~press ~~limited~~release ~~partnership~~announcing ~~and~~its ~~the~~financial ~~general~~results ~~partner~~for ~~of DCP Midstream, LP (~~the ~~“Partnership”),~~three amonths ~~Delaware~~ended ~~limited partnership~~March 31, ~~will step down from his positions with DCP GP LLC and its subsidiaries and affiliates~~2023. In ~~connection~~A ~~with~~copy ~~his~~of ~~departure, Mr. Green will receive severance benefits consistent with~~ the ~~DCP~~press ~~Services,~~release ~~LLC~~is ~~Executive~~furnished ~~Severance Plan,~~ as ~~described~~Exhibit in99.1 ~~the~~hereto, ~~Partnership’s Annual Report on Form 10-K filed with the Securities~~ and ~~Exchange~~is ~~Commission~~incorporated onherein ~~February~~by ~~17, 2023~~reference. ~~Additionally,~~ ~~Mr. Green will receive a payment equal to two times his target short-term incentive award for 2022.~~

In accordance with General Instruction B.2 of Form 8-K, the press release furnished as Exhibit 99.1 to this current report on Form 8-K shall not be deemed “filed” for the purposes 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.

(d) Exhibits.


Exhibit No.						Description







99.1						Press Release dated May 3, 2023
101						Cover Page formatted as Inline XBRL.
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

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.

Date: ~~April 21~~May 3, 2023

DCP MIDSTREAM, LP By: DCP MIDSTREAM GP, LP, its General Partner By: DCP MIDSTREAM GP, LLC, its General Partner By: /s/ ~~Donald~~Scott AR. ~~Baldridge~~Delmoro Name: ~~Donald~~Scott AR. ~~Baldridge~~Delmoro Title: Interim Chief ~~Executive~~Financial Officer

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