Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective June 1, 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 partner of DCP Midstream GP, LP, a Delaware limited partnership and the general partner of DCP Midstream, LP (the "Partnership"), a Delaware limited partnership, will step down from his positions with DCP GP LLC and its subsidiaries and affiliates. In connection with his departure, Mr. Green will receive severance benefits consistent with the DCP Services, LLC Executive Severance Plan, as described in the Partnership's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 17, 2023. Additionally, Mr. Green will receive a payment equal to two times his target short-term incentive award for 2022.

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