Company Overview - DT Midstream, Inc. is engaged in the ownership, operation, and development of natural gas interstate and intrastate pipelines, storage, and gathering systems [2] - The company provides a comprehensive range of services including natural gas transportation, storage, and gathering across the Southern, Northeastern, and Midwestern United States and Canada [2] - DT Midstream is committed to transitioning towards net zero greenhouse gas emissions by 2050, with a target of achieving a 30% reduction in carbon emissions by 2030 [2] Upcoming Events - The 2025 Annual Meeting of Stockholders is scheduled for Tuesday, May 6, 2025 [1] - Stockholders of record as of the close of business on March 12, 2025, are eligible to vote at the meeting [1]

Company Overview - DT Midstream, Inc. is engaged in the ownership, operation, and development of natural gas interstate and intrastate pipelines, storage, and gathering systems, as well as compression, treatment, and surface facilities [3] - The company transports clean natural gas for various customers, including utilities, power plants, marketers, large industrial customers, and energy producers across the Southern, Northeastern, and Midwestern United States and Canada [3] - DT Midstream is committed to transitioning towards net zero greenhouse gas emissions by 2050, with a target of achieving a 30% reduction in carbon emissions by 2030 [3] Upcoming Financial Results - DT Midstream plans to announce its fourth quarter and full year 2024 financial results before the market opens on February 26, 2025 [1] - A conference call to discuss the results is scheduled for 9:00 a.m. ET on the same day, with a live internet broadcast available for investors and the public [2] - The company has provided toll-free and international dial-in numbers for participants to join the conference call [2]

Core Viewpoint - DT Midstream, Inc. has announced a $650 million offering of 5.800% Senior Secured Notes due 2034 to fund a pending acquisition of several pipeline companies [1][2]. Group 1: Offering Details - The offering consists of $650 million of Senior Secured Notes with a maturity date in 2034 [1]. - The Notes will be secured by a first priority lien on certain assets of DT Midstream and its subsidiaries [1]. - The offering is expected to close on December 6, 2024, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the Notes will be used alongside funds from a recent common stock offering, borrowings under a revolving credit facility, and cash on hand [2]. - The funds will specifically finance the acquisition of equity interests in Guardian Pipeline, L.L.C., Midwestern Gas Transmission Company, and Viking Gas Transmission Company from ONEOK Partners Intermediate Limited Partnership and Border Midwestern Company [2]. Group 3: Company Overview - DT Midstream operates natural gas interstate and intrastate pipelines, storage, and gathering systems, serving utilities, power plants, and large industrial customers across the U.S. and Canada [5]. - The company aims to achieve net zero greenhouse gas emissions by 2050, with a target of reducing carbon emissions by 30% by 2030 [5].

Recommendations - Barclays raised the price target for BellRing Brands by $5 [1] - Barclays raised the price target for CIBC by C$8 [1] - Barclays raised the price target for Bank of Montreal by C$17 [1] - Barclays raised the price target for WTW by $24 [2] - Barclays raised the price target for Ryan Specialty by $12 [2] - Barclays raised the price target for Marsh McLennan by $10 [2] - Barclays raised the price target for Brown & Brown by $11 [3] - Barclays raised the price target for Arthur J. Gallagher by $8 [3] - Barclays raised the price target for Aon plc by $46 [3]

Core Viewpoint - DT Midstream, Inc. has announced an increase in its public offering of common stock to approximately $366.125 million, priced at $101 per share, to fund the acquisition of several pipeline companies [1][2]. Group 1: Offering Details - The size of the offering was increased from $300 million to $366.125 million, with gross proceeds expected to be around $366.125 million before underwriting discounts and expenses [1]. - The company has granted underwriters a 30-day option to purchase an additional 543,750 shares at the public offering price [1]. - The offering is anticipated to close on or about November 21, 2024, subject to market conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering, along with up to $650 million from new senior secured notes and other financing, will be used to fund the acquisition of Guardian Pipeline, L.L.C., Midwestern Gas Transmission Company, and Viking Gas Transmission Company [2]. - The closing of the offering is not contingent upon the completion of the pending acquisition [2]. Group 3: Company Overview - DT Midstream is involved in the ownership, operation, and development of natural gas pipelines and related facilities, serving utilities, power plants, and industrial customers across the U.S. and Canada [5]. - The company aims to achieve net zero greenhouse gas emissions by 2050, with a target of reducing carbon emissions by 30% by 2030 [5].

DETROIT, Nov. 19, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) announced that it has commenced an underwritten public offering of $300 million of shares of common stock. In connection with this offering, the Company expects to grant the underwriters a 30-day option to purchase up to $45 million of additional shares of common stock at the public offering price, less the underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurances as ...

DT Midstream, Inc. (NYSE:DTM) Q3 2024 Earnings Conference Call October 29, 2024 9:00 AM ET Company Participants Todd Lohrmann - Director of IR David Slater - President and CEO Jeff Jewell - EVP and CFO Conference Call Participants Jeremy Tonet - JP Morgan Michael Blum - Wells Fargo Theresa Chen - Barclays John Mackay - Goldman Sachs Keith Stanley - Wolfe Research Spiro Dounis - Citi Robert Mosca - Mizuho Securities Operator Thank you for standing by. And welcome to the DT Midstream’s Third Quarter 2024 Earn ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40392 DT Midstream, Inc. Delaware 38-2663964 (State or other jurisdiction of incorporation or organization) (I.R.S Employer I ...

DETROIT, Oct. 29, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced third quarter 2024 reported net income of $88 million, or $0.90 per diluted share. For the third quarter of 2024, Operating Earnings were also $88 million, or $0.90 per diluted share. Adjusted EBITDA for the quarter was $241 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Mi ...

NEWS RELEASE DT Midstream Reports Strong Third Quarter 2024 Results; Raises Adjusted EBITDA Guidance DETROIT, Oct. 29, 2024 – DT Midstream, Inc. (NYSE: DTM) today announced third quarter 2024 reported net income of $88 million, or $0.90 per diluted share. For the third quarter of 2024, Operating Earnings were also $88 million, or $0.90 per diluted share. Adjusted EBITDA for the quarter was $241 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are ...