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DT Midstream, Inc. - DTM STOCK NEWS

Welcome to our dedicated page for DT Midstream news (Ticker: DTM), a resource for investors and traders seeking the latest updates and insights on DT Midstream stock.

DT Midstream, Inc. (NYSE: DTM) is a leading provider of natural gas infrastructure, owning and operating an extensive network of interstate and intrastate pipelines, storage, and gathering systems across the Southern, Northeastern, and Midwestern United States and Canada. Headquartered in Detroit, the company plays a crucial role in transporting clean natural gas to utilities, power plants, marketers, large industrial customers, and energy producers. DT Midstream's integrated services span natural gas transportation, storage, gathering, compression, treatment, and surface facilities.

Recent Achievements and Projects

  • The LEAP Phase 1 expansion was commissioned early in August 2023, boosting capacity from 1.0 Bcf/d to 1.3 Bcf/d ahead of schedule. Phases 2 and 3 are on track for early 2024 and late 2024, respectively.
  • In November 2023, DT Midstream reported a net income of $91 million for Q3, alongside a $0.69 per share dividend declared for January 2024.
  • The company completed Phase 2 of the LEAP expansion in December 2023, raising capacity to 1.7 Bcf/d, expected to be available from January 2024.
  • February 2024 saw DT Midstream achieving a net income of $121 million for Q4 and surpassing its annual guidance.
  • For Q1 2024, the company reported a net income of $97 million, maintaining a strong start with plans for further growth projects.

Financial Performance

DT Midstream consistently demonstrates robust financial performance, with significant revenue generated from its pipeline, storage, and gathering systems. The company reported a series of strong quarterly results in 2023 and early 2024, reflecting its capacity to meet and exceed financial goals.

Sustainability Initiatives

DT Midstream is committed to achieving net-zero greenhouse gas emissions by 2050, with interim targets of a 30% reduction by 2030. The company continuously invests in low-carbon technologies and sustainable practices to align with global energy transition goals.

For more details about DT Midstream's latest updates, financial performance, and sustainability initiatives, please visit the DT Midstream website.

Rhea-AI Summary

DT Midstream (NYSE: DTM) has announced its plans to release second quarter 2024 financial results on Tuesday, July 30, 2024, before the market opens. The company has scheduled a conference call for 9:00 a.m. ET (8:00 a.m. CT) on the same day to discuss the results. Investors, media, and the public can access the live internet broadcast of the call through a provided link. For those preferring to dial in, toll-free and toll numbers are available for U.S. and Canadian participants, with international access numbers also provided. The webcast will be archived on DT Midstream's investor relations website for future reference.

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DT Midstream, Inc. (NYSE: DTM) reported strong first quarter 2024 results with a net income of $97 million, or $0.99 per diluted share. Operating Earnings and Adjusted EBITDA were $97 million and $245 million respectively. The company declared a $0.735 per share dividend on its common stock. Significant business updates include the expansion of the Stonewall Gas Gathering system, completion of interconnect projects, and progress in the carbon capture and sequestration project in Louisiana.

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DT Midstream, Inc. (NYSE: DTM) will reveal its first quarter 2024 financial results on April 30, 2024, followed by an earnings call at 9:00 a.m. ET. Investors can join the live webcast or dial in for the conference call.
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DT Midstream, Inc. (DTM) releases its annual Corporate Sustainability Report showcasing environmental, social, and governance achievements. CEO David Slater emphasizes commitment to sustainable practices benefiting stakeholders and communities.
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DT Midstream, Inc. (DTM) schedules its 2024 Annual Meeting of Stockholders for May 10. Stockholders must be recorded by March 13 to vote.
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DT Midstream, Inc. (DTM) reported a net income of $121 million for Q4 2023, with Adjusted EBITDA of $239 million. The company increased its dividend by 7% and raised its 2024 Adjusted EBITDA guidance. They also provided an early outlook for 2025 Adjusted EBITDA. The CEO expressed gratitude for the team's efforts and highlighted successful project executions.
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DT Midstream, Inc. (NYSE: DTM) will announce Q4 and full year 2023 financial results on February 16, 2024. A conference call to discuss the results is scheduled for 8:30 a.m. ET. The call can be accessed via internet broadcast or phone. International access numbers are available. The webcast will be archived on the DT Midstream website.
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DT Midstream, Inc. (NYSE: DTM) completes Phase 2 LEAP expansion, increasing overall capacity to 1.7 Bcf/d
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DT Midstream, Inc. updates its 2023 Adjusted EBITDA guidance to $905 to $925 million and its 2023 Distributable Cash Flow guidance to $650 to $675 million. The company also announces a dividend of $0.69 per share. In the third quarter of 2023, the reported net income was $91 million, or $0.94 per diluted share, and operating earnings were $91 million, or $0.94 per diluted share. Adjusted EBITDA for the quarter was $236 million.
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DT Midstream, Inc. to announce Q3 2023 financial results on November 1, 2023
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FAQ

What is the current stock price of DT Midstream (DTM)?

The current stock price of DT Midstream (DTM) is $101.58 as of December 23, 2024.

What is the market cap of DT Midstream (DTM)?

The market cap of DT Midstream (DTM) is approximately 10.1B.

What services does DT Midstream, Inc. provide?

DT Midstream offers natural gas transportation, storage, gathering, compression, treatment, and surface facilities.

Where are DT Midstream's operations located?

DT Midstream operates across the Southern, Northeastern, and Midwestern United States and Canada.

What are some recent projects DT Midstream has undertaken?

Recent projects include the LEAP Phase 1 and Phase 2 expansions, with further phases expected in 2024.

What are DT Midstream's sustainability goals?

DT Midstream aims to achieve net-zero greenhouse gas emissions by 2050, with a 30% reduction target by 2030.

How did DT Midstream perform financially in Q3 2023?

In Q3 2023, DT Midstream reported a net income of $91 million and declared a $0.69 per share dividend.

What significant milestones did DT Midstream achieve by February 2024?

By February 2024, DT Midstream had completed major LEAP expansions and reported strong financial results exceeding annual guidance.

What is the role of DT Midstream in the natural gas market?

DT Midstream provides critical infrastructure for transporting clean natural gas to various utilities, power plants, and industrial customers.

Who are the typical customers of DT Midstream?

DT Midstream's customers include utilities, power plants, marketers, large industrial customers, and energy producers.

What is the capacity of the LEAP expansion projects?

The LEAP expansion projects will increase capacity up to 3 Bcf/d once fully completed by late 2024.

How can investors access information on DT Midstream's financial results?

Investors can access financial results and live webcast calls on the DT Midstream investor relations website.

DT Midstream, Inc.

NYSE:DTM

DTM Rankings

DTM Stock Data

10.14B
101.07M
0.25%
79.98%
2.94%
Oil & Gas Midstream
Natural Gas Transmission
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United States of America
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