| IPO Company Profile © ipodata.com |
| Message Board | SEC Filings | Peer IPO Companies | Company's Home Page |
| Duke Energy Field Services Corporation |
| 370 17th Street, Suite 900, Denver, CO 80202 * (303) 595-3331 |
| Business Description | The company is a new company that holds the combined North American midstream natural gas gathering, processing, marketing and natural gas liquids businesses of Duke Energy Corporation and Phillips Petroleum Company. |
|
Filing Information IPO has been | ||||
| To Trade As | DEF (NASNTL) | Industry | Natural Resource (SIC 1321) | |
| Type of Stock Offered | Common Shares | Filing Date | 3/15/00 | |
| Domestic Shares Filed | 26,300,000 | Filing Range | $20.00 - $22.00 | |
| Foreign Shares Filed | 0 | Offering Amount | $552,300,000 | |
| Company Shares | 26,300,000 | Est. Expenses | - - | |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 140,752,211 | |
| Employees | 2700 | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| J.P. Morgan & Co. | Co-manager | (212) 648-0517 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Petrie Parkman & Co. | Co-manager | (303) 292-3877 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/97 | 12/31/98 | 12/31/99 | 3/31/00 | |||
| Revenues | - | - | 1,801.832 | 1,584.320 | 3,458.310 | - | 1,451.211 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | 51.238 | 2.028 | 43.329 | - | 26.852 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | -12.07 | 118.284 | - | ||
| Net Income Growth (%) | - | - | -96.04 | 2,036.54 | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 2.84 | 0.13 | 1.25 | 1.85 | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 6,312.29 | Current Assets | 738.78 | Current Ratio | 0.21 |
| Total Liab. | 4,997.11 | Current Liab. | 3,462.69 | Debt Ratio | 79.16% |
| Total Equity | 1,315.19 | Working Cap. | -2,723.91 | Debt to Equity Ratio | 3.80 |
| Cash | 0.17 | Return on Assets | 0.43% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay indebtedness. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Vinson & Elkins |
| Bank's Law Firm | Sullivan & Cromwell |
| Auditor | Ernst & Young |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Duke Energy Corporation | 72.20 | |
| Phillips Petroleum Company | 27.80 | |
| Note: represents ownership of 5% or more prior to the offering. | ||