DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing, and selling natural gas. It operates through the Logistics and Marketing and Gathering and Processing segments. The Logistics and Marketing segment includes transporting, trading, marketing, and storing natural gas and NGLs and fractionating NGLs. The Gathering and Processing segment refers to the gathering, compressing, treating, and processing of natural gas, producing and fractionating NGLs and recovering condensate. The company was founded in August 2005 and is headquartered in Denver, CO.