DETROIT, Feb. 12, 2026 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) announced that its 2026 Annual Meeting of Stockholders will be Tuesday, May 5. Stockholders of record at the close of business Wednesday, March 11, 2026, are eligible to vote at the meeting. About DT Midstream DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural ...

DETROIT, Feb. 05, 2026 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce fourth quarter and full year 2025 financial results before the market opens on Thursday, February 19, 2026. DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and ...

Leadership Changes - David Slater has been elected as Executive Chairman of the Board of Directors, effective January 28, 2026, succeeding Robert Skaggs, Jr. who will remain on the Board [1] - Christopher Zona has been appointed as President, effective January 28, 2026, while continuing his role as Chief Operating Officer [3] Executive Background - David Slater has over 30 years of experience in the energy industry and has served as President and CEO of DT Midstream since May 6, 2021 [2] - Christopher Zona has also over 30 years of experience in the energy sector and has been the Executive Vice President and Chief Operating Officer since the company's Spin-Off [4] Company Overview - DT Midstream is involved in the ownership, operation, and development of natural gas pipelines, storage, and gathering systems, serving utilities, power plants, and large industrial customers across the U.S. and Canada [5]

Core Viewpoint - DT Midstream (DTM) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling pressure that affects stock prices [4]. Company Performance and Outlook - For DT Midstream, the recent upgrade reflects an improvement in the company's underlying business, which is expected to drive the stock price higher [5]. - The Zacks Consensus Estimate for DT Midstream indicates an expected earnings per share of $4.36 for the fiscal year ending December 2025, with a 1.7% increase in estimates over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - DT Midstream's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

Group 1 - DT Midstream, Inc. (NYSE:DTM) has been recognized as one of the 14 Best Up and Coming Dividend Stocks to Buy [1] - Morgan Stanley increased its price target for DT Midstream to $137 from $126 while maintaining an Underweight stance after the company reported "relatively in-line" Q3 earnings [2] - The company reported Adjusted EBITDA of $288 million for the quarter, an increase of $11 million from Q2, with improvements in the gathering segment due to stronger Haynesville volumes [3] Group 2 - Management raised its distributable cash flow guidance to a range of $800 million to $830 million, increasing the midpoint by $45 million due to lower maintenance spending, reduced interest costs, and lighter cash taxes [4] - DT Midstream plans to increase dividends by 5% to 7% annually, maintaining the third-quarter payout at $0.82 per share [4] - The company operates a comprehensive network of natural gas pipelines, storage infrastructure, gathering systems, and related facilities across interstate and intrastate markets [5]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Financial Performance - Operating revenues for the three months ended September 30, 2025, increased to $314 million, up 26.6% from $248 million in the same period of 2024[24]. - Net income attributable to DT Midstream for the three months ended September 30, 2025, was $115 million, representing a 30.7% increase compared to $88 million in the prior year[24]. - Basic earnings per common share for the three months ended September 30, 2025, rose to $1.14, up from $0.91 in the same quarter of 2024, reflecting a 25.3% increase[24]. - Operating income for the nine months ended September 30, 2025, was $458 million, up 21.8% from $376 million in the same period of 2024[24]. - Net income for the nine months ended September 30, 2025, was $340 million, an increase from $291 million in the same period of 2024, representing a growth of 16.8%[32]. - Operating revenues for the nine months ended September 30, 2025, were $612 million, slightly down from $613 million in the same period of 2024[56]. - Net income for the nine months ended September 30, 2025, was $234 million, compared to $280 million for the same period in 2024, showing a decrease of about 16.4%[56]. Assets and Liabilities - Total assets as of September 30, 2025, amounted to $10,061 million, a slight increase from $9,935 million at the end of 2024[28]. - The total liabilities as of September 30, 2025, were $5,217 million, slightly up from $5,169 million at the end of 2024[30]. - As of September 30, 2025, consolidated VIEs' total assets amounted to $952 million, an increase from $914 million as of December 31, 2024, representing a growth of approximately 4.2%[49]. - Total liabilities for consolidated VIEs increased to $22 million as of September 30, 2025, compared to $8 million as of December 31, 2024, indicating a significant rise of 175%[49]. Cash and Cash Equivalents - Cash and cash equivalents increased to $98 million as of September 30, 2025, compared to $68 million at the end of 2024[28]. - Net cash and cash equivalents from operating activities increased to $706 million, compared to $611 million for the same period in 2024, reflecting a rise of 15.6%[32]. - Total cash and cash equivalents at the end of the period reached $98 million, up from $77 million at the end of September 2024, marking a growth of 27.3%[32]. Capital Expenditures and Investments - Plant and equipment expenditures for the nine months ended September 30, 2025, were $295 million, compared to $260 million in 2024, indicating an increase of 13.5%[32]. - Capital expenditures for the three months ended September 30, 2025, amounted to $143 million[126]. - The total investments in equity method investees as of September 30, 2025, were $1,262 million, down from $1,297 million as of December 31, 2024, reflecting a decline of approximately 2.7%[55]. Dividends and Shareholder Returns - Dividends paid on common stock totaled $241 million, up from $209 million in the previous year, which is an increase of 15.3%[32]. - The company declared cash dividends of $0.820 per share for the quarter ended September 30, 2025, totaling $83 million[96]. - A quarterly dividend of $0.82 per share was declared on October 30, 2025, payable on January 15, 2026[142]. Debt and Financing - Long-term debt remained stable at $3,322 million as of September 30, 2025, compared to $3,319 million at the end of 2024[30]. - As of September 30, 2025, the total long-term debt was $3.322 billion, with a principal amount of $3.4 billion net of unamortized discounts and issuance costs[104][107]. - The consolidated net leverage ratio was 3.0 to 1 as of September 30, 2025, in compliance with the financial covenant, which allows a maximum ratio of 5 to 1[115]. Strategic Initiatives - The company continues to focus on organic growth projects and strategic acquisitions to enhance its market position and operational efficiency[19]. - The company completed the Midwest Pipeline Acquisition of three FERC-regulated interstate natural gas transmission pipelines on December 31, 2024, enhancing its asset portfolio[39]. - The Midwest Pipeline Acquisition was completed on December 31, 2024, for a preliminary purchase price of $1.2 billion, acquiring 100% operating ownership in three interstate natural gas transmission pipelines[132]. Risk Factors - The company is exposed to credit risk, particularly from a key customer, Expand Energy, which significantly contributes to its revenues[185]. - The company is subject to interest rate risk related to goodwill impairment assessments, as detailed in the Annual Report for the year ended December 31, 2024[188]. - A sensitivity analysis on long-term debt obligations showed that a hypothetical 10% increase in interest rates could result in a fair value change of $(83) million, while a 10% decrease could result in an increase of $86 million[190].

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $288 million for the third quarter, an increase of $11 million from the previous quarter [10] - The midpoint of the 2025 adjusted EBITDA guidance was raised to $1.13 billion, reflecting an 18% increase from the prior year guidance [5][11] - Distributable cash flow guidance was increased to a range of $800 million to $830 million, with a midpoint increase of $45 million due to lower maintenance capital, interest, and cash taxes [11] Business Line Data and Key Metrics Changes - The pipeline segment results were consistent with the second quarter, while gathering segment results increased by $10 million, driven by higher volumes on the Haynesville system [10] - Total gathering volumes for the Haynesville averaged 2.04 Bcf per day, marking a 35% increase over the third quarter of 2024 [10] Market Data and Key Metrics Changes - The company noted robust gas and power demand growth throughout the region, particularly in Louisiana, driven by data center activity and LNG demand [19][20] - The Haynesville system demonstrated record high throughput, indicating producers' ability to respond quickly to LNG demand signals [8][9] Company Strategy and Development Direction - The company is focused on executing its pure play natural gas pipeline strategy and is well-positioned with a strong balance sheet to fund incremental investments [14] - The company announced reaching FID on a larger G3+ expansion on the Guardian Pipeline, increasing its total capacity by approximately 537 million cu ft per day [6] - The company is pursuing upstream network opportunities to enhance flexibility and reliability for customers [6][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's increased guidance for 2025 and early outlook for 2026, citing strong market fundamentals and growth opportunities [14] - The recent Senate confirmation of two new FERC members was viewed as a positive sign for the regulatory environment [9] Other Important Information - The company placed its LEAP Phase 4 expansion facilities into service early and on budget, increasing capacity from 1.9 Bcf to 2.1 Bcf per day [7] - The Board of Directors approved a third-quarter dividend of $0.82 per share, unchanged from the prior quarter, with a commitment to grow the dividend by 5%-7% per year [13] Q&A Session Summary Question: Potential for network to support data center demand in Louisiana - Management acknowledged robust demand growth in Louisiana, particularly from data centers and LNG, and expressed confidence in capturing market share [19] Question: Growth trajectory in Haynesville and LEAP expansions - Management highlighted significant development in western Haynesville and expected continued volume growth, which would support LEAP expansions [20][22] Question: Opportunities in the upper Midwest and NEXUS - Management discussed positive fundamentals in the upper Midwest and the potential for NEXUS to capture market share in the data center power demand [53] Question: Dividend growth potential - Management indicated that strong growth exceeding the long-term target could lead to higher dividend growth, with a focus on maintaining strong coverage [56][60] Question: CapEx changes and maintenance capital - Management noted that efficiencies in capital spending were a significant factor in the reduction of the 2025 gross capital guidance range [12][41] Question: Millennium open season status - Management stated that the Millennium project is complex and evolving, with a focus on ensuring all regulatory requirements are met before moving forward [46][47] Question: Market share outlook in Haynesville - Management expressed confidence in maintaining or growing market share in the Haynesville region, supported by strategic connectivity to Carthage [108]

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $288 million for the third quarter, an increase of $11 million from the previous quarter [10] - The midpoint of the 2025 adjusted EBITDA guidance range has been increased to $1.13 billion, representing an 18% increase from the prior year guidance [5][11] - Distributable cash flow guidance has been raised to a range of $800 to $830 million, reflecting a midpoint increase of $45 million due to lower maintenance capital, interest, and cash taxes [11] Business Line Data and Key Metrics Changes - The pipeline segment results were consistent with the second quarter, while gathering segment results increased by $10 million, driven by higher volumes on the Haynesville system [10] - Total gathering volumes for the Haynesville averaged 2.04 Bcf per day, marking a 35% increase over the third quarter of 2024 [10] Market Data and Key Metrics Changes - The company has seen robust gas and power demand growth throughout the region, particularly in Louisiana, driven by data center activity and LNG demand [6][19] - The Northeast volumes averaged 1.09 Bcf per day, with expectations for an increase in the fourth quarter due to incremental production on the Tioga system [11] Company Strategy and Development Direction - The company is focused on executing its pure play natural gas pipeline strategy and is well-positioned to fund incremental investments in a favorable market environment [14] - The Guardian G3+ expansion has reached FID, increasing the total capacity of the Guardian pipeline by approximately 537 million cubic feet per day, a 40% increase [6] - The company is pursuing upstream network opportunities to enhance connectivity and reliability for customers [6][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capture market share in the growing LNG market and emphasized the importance of maintaining a strong balance sheet [14][19] - The recent Senate confirmation of two new FERC members is viewed as a positive sign for the regulatory environment, enhancing confidence in the permitting process for key growth projects [9] Other Important Information - The company announced a third-quarter dividend of $0.82 per share, unchanged from the prior quarter, with a commitment to grow the dividend by 5% to 7% per year in line with long-term adjusted EBITDA growth [13] - The Louisiana CCS project remains pre-FID, with an uncertain permit timeline due to a moratorium on new applications [8] Q&A Session Summary Question: Potential for network to support gas-fired generation in Louisiana - Management highlighted robust demand growth in Louisiana, particularly from data centers and LNG demand, and expressed confidence in capturing market share [19] Question: Growth trajectory in Haynesville and LEAP expansions - Management noted significant development in western Haynesville and expects continued volume growth, with a focus on maintaining competitive positioning [20][22] Question: Upstream Chicago opportunities - Management discussed the potential for the Vector, Nexus, and Midwestern pipelines to bring incremental supply to the Chicago hub, with ongoing discussions about expansions [24] Question: Change in CapEx for the year - Management indicated that capital efficiency and timing have contributed to a reduction in gross capital guidance, with a focus on maintaining a flat run rate for maintenance capital [41][44] Question: Millennium open season status - Management confirmed ongoing work on the Millennium project, emphasizing the need for patience due to regulatory complexities in New York [46][47] Question: Outlook for additional BTN opportunities off Nexus - Management expressed confidence in Nexus's position to capture market share for data center power demand in northwestern Ohio [53] Question: Market share trends in Haynesville - Management reported an increase in market share over the past few years and aims to maintain that share amid growing demand [107]

Financial Data and Key Metrics Changes - The company increased the midpoint of its 2025 adjusted EBITDA guidance range to $1.13 billion, an 18% increase from the prior year adjusted EBITDA guidance [5] - Adjusted EBITDA for the third quarter was $288 million, representing an $11 million increase from the prior quarter [11] - The distributable cash flow guidance range was raised to $800 to $830 million, a midpoint increase of $45 million due to lower maintenance capital, interest, and cash taxes [12] Business Line Data and Key Metrics Changes - The pipeline segment results were in line with the second quarter, while gathering segment results were $10 million higher than the second quarter, driven by higher volumes on the Haynesville system [11] - Total gathering volumes for the Haynesville averaged 2.04 Bcf per day, a 35% increase over the third quarter of 2024 [11] - The LEAP Phase 4 expansion increased capacity from 1.9 to 2.1 Bcf per day, providing access to Gulf Coast LNG markets [7] Market Data and Key Metrics Changes - The company noted robust gas and power demand growth throughout the region, particularly in Louisiana, driven by data center activity and LNG demand [6][10] - The Northeast volumes averaged 1.09 Bcf per day, with expectations for higher volumes in the fourth quarter [11][12] - The Haynesville system demonstrated record high throughput, indicating producers' ability to respond quickly to LNG demand signals [9] Company Strategy and Development Direction - The company is focused on executing its pure play natural gas pipeline strategy and is well-positioned with a strong balance sheet to fund incremental investments [15] - The Guardian G3+ expansion will increase the total capacity of the Guardian pipeline by approximately 537 million cubic feet per day, supported by long-term contracts with investment-grade utilities [6] - The company is pursuing upstream network opportunities to enhance flexibility and reliability for customers [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position within the natural gas market, citing a positive shift in Haynesville and strong demand growth [10] - The recent Senate confirmation of two new FERC members was viewed as an encouraging sign for the regulatory environment [10] - Management remains optimistic about the future opportunities, particularly in the LNG market and industrial demand growth [10][15] Other Important Information - The company announced a third-quarter dividend of $0.82 per share, unchanged from the prior quarter, with a commitment to grow the dividend by 5% to 7% per year [14] - The committed capital for the 2025 to 2029 period has increased to $1.6 billion, reflecting 70% of the $2.3 billion backlog advancing to execution [14] Q&A Session Summary Question: Potential for network to support gas-fired generation in Louisiana - Management noted robust demand growth in Louisiana, particularly from data centers and LNG demand, and expressed confidence in capturing market share [20] Question: Growth trajectory in Haynesville and LEAP expansions - Management highlighted significant development in western Haynesville and expected continued volume growth, with a focus on maintaining market share [21][22] Question: Upstream Chicago opportunities - Management discussed the potential for the Vector, Nexus, and Midwestern pipelines to bring in incremental supply to the Chicago market [24] Question: Dividend growth potential - Management indicated that strong growth could lead to higher dividend increases, with a focus on maintaining strong coverage ratios [61][65] Question: Millennium open season status - Management described the complexity of the Millennium project and emphasized the need for patience in the regulatory process [53] Question: Market share trends in Haynesville - Management expressed confidence in maintaining or growing market share due to strong connectivity and resource quality [132]