DT Midstream

DT Midstream, Inc. engages in the operation and development of natural gas midstream interstate and intrastate pipelines, storage and gathering systems, and compression, treatment and surface facilities. It operates under the Pipeline and Other and Gathering business segments. Pipeline and Other segments include interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities. Gathering segments cover gathering systems and related treatment plants and compression and surface facilities. The company was founded on November 20, 2007, and is headquartered in Detroit, MI.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

DT Midstream exceeds 2022 targets, sets ambitious goals for 2023

DT Midstream delivered strong financial results in 2022, with a focus on expanding assets, enhancing sustainability efforts, and prioritizing customer service. The company's increased guidance, dividend, and capital investment plan reflect confidence in future growth and financial stability.

DT Midstream reports robust Q1 earnings, eyes growth opportunities

DT Midstream's Q1 2023 performance was strong, with a focus on safety, project execution, and financial results. The company remains confident in its guidance for 2023 and outlook for 2024, highlighting growth opportunities and strategic initiatives.

DT Midstream excels in Q2, eyes growth in Ohio Utica

DT Midstream's strong performance in Q2 2023 and strategic investments position the company well for future growth and value creation.
Despite challenges in natural gas markets, the company's focus on balance sheet strength and dividend growth underscores its commitment to shareholders.
Opportunities in new projects and growth CapEx range highlight DT Midstream's proactive approach to capturing future opportunities and enhancing shareholder value.
Overall, DT Midstream's prudent financial management and strategic initiatives bode well for its long-term sustainability and success in the energy sector.

DT Midstream reports robust Q3 earnings, eyes growth opportunities

DT Midstream's strong performance in Q3 aligns with full-year goals.
The company is focused on expansion projects and debt reduction.
Opportunities in market fundamentals and growing dividend commitment.
Challenges include upcoming investment decisions and market dynamics.

DT Midstream surpasses 2023 targets, eyes growth amid challenges

DT Midstream (DTM) delivered strong financial results in 2023, exceeding adjusted EBITDA targets and showcasing operational excellence. The company's focus on organic growth, safety performance, and disciplined financial management positions it well for future success.
Despite challenges such as project expansions and regulatory uncertainties, DTM's strengths in project execution, financial stability, and growth opportunities provide a solid foundation for continued performance. By leveraging opportunities in the natural gas sector and maintaining a prudent financial strategy, DTM aims for sustained growth and value creation.
With a clear roadmap for achieving an investment-grade credit rating, a diverse portfolio, and a commitment to sustainability, DT Midstream is poised to navigate challenges and capitalize on opportunities in the evolving energy landscape. The company's confidence in meeting guidance for 2024 and outlook for 2025 underscores its resilience and growth potential.

DT Midstream's Q1 performance reflects financial strength and operational progress, supported by growth initiatives and market alignment.
While facing challenges in diversification and project execution, the company's strategic focus on sustainability and shareholder value is evident.
Opportunities in new markets, technology integration, and environmental initiatives position DT Midstream for future growth and resilience.

DT Midstream posts strong Q2 earnings, eyes LNG demand growth

DT Midstream delivered solid financial results, completed key projects, and expressed confidence in the natural gas market's future. While facing challenges in operational execution and market dynamics, the company remains focused on growth opportunities and maintaining shareholder value through dividend commitments. Strategic leadership and a clear vision for the future position DT Midstream for long-term success.

DT Midstream boosts earnings guidance, invests in expansion projects

DT Midstream's Q3 performance was robust, with positive outlooks for earnings and strategic investments in expansion projects. While facing regulatory uncertainties and financial discipline challenges, the company is well-positioned to capitalize on growth opportunities and maintain stability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

DT Midstream, Inc. engages in the operation and development of natural gas midstream interstate and intrastate pipelines, storage and gathering systems, and compression, treatment and surface facilities. It operates through the Pipeline and Gathering segments. The Pipeline segment includes interstate pipelines, intrastate pipelines, storage systems, lateral pipelines including related treatment plants and compression and surface facilities. The Gatherings segment focuses on the gathering systems, related treatment plants, and compression and surface facilities. The company was founded on November 20, 2007, and is headquartered in Detroit, MI.

DT Midstream is a natural gas-focused midstream company operating in the Marcellus and Utica Basins, well-positioned to take advantage of growing natural gas demand. The company's assets include pipelines and natural gas storage, which can supply the demand from liquefied natural gas export terminals. DT Midstream has projects under construction and is pursuing opportunities for growth, including a new gathering pipeline network in the Utica Shale.

DT Midstream: New Growth Projects And A High Yield

DT Midstream, Inc. (NYSE:DTM ) Q2 2023 Results Conference Call August 1, 2023 9:00 AM ET Company Participants Todd Lohrmann - Director of Investor Relations David Slater - President and CEO Jeff Jewell - Executive Vice President and CFO Conference Call Participants Ratan Reddy - JPMorgan Michael Blum - Wells Fargo Spiro Dounis - Citi Keith Stanley - Wolfe Research Robert Mosca - Mizuho Securities Operator Welcome to the DT Midstream Second Quarter 2023 Earnings Call. I will now turn it over to our speaker today, Todd Lohrmann, Director of Investor Relations.

DT Midstream, Inc. (DTM) Q2 2023 Earnings Call Transcript

DETROIT, Aug. 01, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced second quarter 2023 reported net income of $91 million, or $0.93 per diluted share. For the second quarter of 2023, operating earnings were $91 million, or $0.93 per diluted share. Adjusted EBITDA for the quarter was $224 million.

DT Midstream Reports Strong Second Quarter 2023 Results; Announces New Ohio Utica Investment

DETROIT, July 18, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce second quarter 2023 financial results before the market opens on Tuesday, August 1, 2023.

DT Midstream to Announce Second Quarter 2023 Financial Results, Schedules Earnings Call

DETROIT, May 05, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of DT Midstream, Inc. (NYSE: DTM) has declared a $0.69 per share dividend on its common stock payable Jul. 15, 2023 to shareholders of record at the close of business Jun. 19, 2023.

DT Midstream Announces Quarterly Dividend

DT Midstream, Inc. (NYSE:DTM ) Q1 2023 Results Conference Call May 2, 2023 9:00 AM ET Company Participants Todd Lohrmann - Director of Investor Relations David Slater - President and CEO Jeff Jewell - Executive Vice President and CFO Conference Call Participants Spiro Dounis - Citi Michael Blum - Wells Fargo Robert Mosca - Mizuho Alex Kania - Wolfe Research Operator Thank you for standing by. My name is Briana, and I will be your conference operator today.

DT Midstream, Inc. (DTM) Q1 2023 Earnings Call Transcript

DETROIT, May 02, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced first quarter 2023 reported net income of $81 million, or $0.84 per diluted share. Operating Earnings for the quarter were $81 million, or $0.84 per diluted share and Adjusted EBITDA was $225 million.

DT Midstream Reports Strong First Quarter 2023 Results

DETROIT, April 18, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce first quarter 2023 financial results before the market opens on Tuesday, May 2, 2023.

DT Midstream to Announce First Quarter 2023 Financial Results, Schedules Earnings Call

Antero Midstream Partners

CrossAmerica Partners

Crestwood Equity Partners

DCP Midstream

Delek Logistics Partners

Enbridge

EnLink Midstream

Energy Transfer LP Unit

Equitrans Midstream

Genesis Energy

Global Partners

Kinder Morgan

Kinetik Holdings

Magellan Midstream Partners

NGL Energy Partners

NuStar Energy

ONEOK

Plains All American Pipeline

Plains GP Hlds

Pembina Pipeline

Transportadora de Gas del Sur SA

Targa Resources

Ultrapar Participacoes S.A.

Given the current uncertainty, I believe high-quality, favorably valued, and low-risk investments warrant increased attention. Some midstream energy companies boast durable revenue, profitability, and well-supported high dividend yields.

Midstream Energy Stocks Ranked By Quality

DT Midstream continues to post good results following the fourth quarter of 2022. When looking ahead into 2023, their guidance is now even higher than previously forecast, plus preliminary guidance for 2024 also points towards more strong growth.

DT Midstream: Strong Fundamentals Should Overpower Market Noise

DETROIT, March 08, 2023 (GLOBE NEWSWIRE) -- The DT Midstream, Inc. Board of Directors announced the appointment of Angela Archon to its Board of Directors, effective March 7, 2023. Ms. Archon, who qualifies as an independent director, will serve as a Class III Director of DT Midstream until the company's 2024 annual meeting of stockholders or until her earlier resignation or removal.

DT Midstream, Inc. Announces Board of Directors Changes

DT Midstream, Inc. (NYSE:DTM ) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Todd Lohrmann - Director, IR David Slater - President and Chief Executive Officer Jeff Jewell - Chief Financial Officer Conference Call Participants Michael Blum - Wells Fargo Marc Solecitto - Barclays John Mackay - Goldman Sachs Jeremy Tonet - JP Morgan Alex Kania - Wolfe Research Operator Ladies and gentlemen, thank you for standing by. My name is Brent and I will be your conference operator today.

DT Midstream, Inc. (DTM) Q4 2022 Earnings Call Transcript

DETROIT, Feb. 16, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced fourth quarter 2022 reported net income of $85 million, or $0.88 per diluted share. For the fourth quarter of 2022, Operating Earnings were $91 million, or $0.93 per diluted share. Adjusted EBITDA for the quarter was $227 million.

DT Midstream Reports Strong Fourth Quarter 2022 Results; Raises 2023 Adjusted EBITDA Guidance

DETROIT, Feb. 09, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) announced that its 2023 Annual Meeting of Stockholders will be Friday, May 5. Stockholders of record at the close of business Wednesday, March 8, 2023, are eligible to vote at the meeting.

DT Midstream Sets 2023 Annual Meeting Date

DETROIT, Feb. 02, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce fourth quarter and full year 2022 financial results before the market opens on Thursday, February 16, 2023.

DT Midstream to Announce Fourth Quarter and Full Year 2022 Financial Results, Schedules Earnings Call

DT Midstream continues to prove itself a desirable option in the midstream industry by executing its strategy well. That said, investors are not forgoing growth with their guidance for 2023 pointing to a significant year-on-year increase versus 2022.

DT Midstream: Higher Dividends Are Very Likely Coming Soon (Rating Upgrade)

Chevron

EOG Resources

Check out these three oil stocks in the stock market today.

3 Oil Stocks To Buy Right Now According To Analysts

DT Midstream (DTM) delivered earnings and revenue surprises of 4.65% and 1.85%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

DT Midstream (DTM) Q3 Earnings and Revenues Beat Estimates

DT Midstream, Inc., Inc. (NYSE:DTM ) Q3 2022 Earnings Conference Call October 28, 2022 9:00 AM ET Company Participants Todd Lohrmann - Director, IR David Slater - President, CEO & Director Jeffrey Jewell - EVP, CFO & CAO Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co. John Mackay - Goldman Sachs Marc Solecitto - Barclays Bank Robert Mosca - Mizuho Securities Michael Blum - Wells Fargo Securities Alexis Kania - Wolfe Research Operator Good day, and welcome to the DT Midstream Third Quarter 2022 Earnings Conference Call. Please note, today's conference is being recorded.

DT Midstream, Inc. (DTM) Q3 2022 Earnings Call Transcript

DETROIT, Oct. 28, 2022 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced third quarter 2022 reported net income of $113 million, or $1.16 per diluted share. For the third quarter of 2022, operating earnings were $88 million, or $0.90 per diluted share. Adjusted EBITDA for the quarter was $207 million.

DT Midstream Reports Strong Third Quarter 2022 Results; Raises Adjusted EBITDA Guidance

DT Midstream (DTM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

DT Midstream (DTM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

DETROIT, Oct. 14, 2022 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce third quarter 2022 financial results before the market opens on Friday, October 28, 2022.

DT Midstream to Announce Third Quarter 2022 Financial Results, Schedules Earnings Call

Delek US Hlds

Enservco

Phillips 66

Shell PLC

Exxon Mobil

The Organization of the Petroleum Exporting Countries (OPEC) and its non-member allies (OPEC+) cut crude oil production by two million barrels per day. Naturally, this action imposes supply flow disruptions that sent prices higher.

7 Energy Stocks to Buy on the Historic OPEC Production Cuts

DETROIT, Oct. 07, 2022 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced that it has closed on the $552 million purchase of an additional 26.25% ownership interest in Millennium Pipeline from National Grid.

DT Midstream Closes on Purchase of Additional Ownership in Millennium Pipeline

Since the Energy Select Sector SPDR FUN (ARCA: XLE) is down roughly 16% over the past month, it may be a good time to shop around for oversold equities in the oil and gas sector. Although investors are concerned about a recession slowing down the economy, natural gas prices are still at record highs.

News for DT Midstream Stock (DTM)