Financial Performance - Fourth quarter 2024 reported net income was $73 million, or $0.73 per diluted share, with Operating Earnings of $94 million, or $0.94 per diluted share, and Adjusted EBITDA of $235 million[1][2]. - Full year 2024 reported net income was $354 million, or $3.60 per diluted share, with Operating Earnings of $375 million, or $3.81 per diluted share, and Adjusted EBITDA of $969 million[2]. - For the three months ended December 31, 2024, net income attributable to DT Midstream was $73 million, compared to $88 million for the previous quarter[23]. - Adjusted EBITDA for the same period was $235 million, a decrease from $241 million in the prior quarter[23]. - The pipeline segment reported net income of $60 million for the three months ended December 31, 2024, down from $71 million in the previous quarter[24]. - The gathering segment's net income for the three months ended December 31, 2024, was $13 million, compared to $17 million in the prior quarter[25]. - Distributable Cash Flow for the three months ended December 31, 2024, was $133 million, down from $207 million in the previous quarter[26]. - Interest expense for the three months ended December 31, 2024, was $36 million, compared to $38 million in the previous quarter[26]. - The company recorded $43 million in income tax expense for the three months ended December 31, 2024, an increase from $30 million in the prior quarter[26]. - Depreciation and amortization for the three months ended December 31, 2024, was $53 million, consistent with the previous quarter[26]. - The company made a maintenance capital investment of $13 million for the three months ended December 31, 2024[27]. Future Guidance - The company increased 2025 Adjusted EBITDA guidance to a range of $1.095 to $1.155 billion, representing an 18% increase over the original 2024 guidance[3][4]. - An early outlook for 2026 Adjusted EBITDA is projected to be in the range of $1.155 to $1.225 billion, indicating a 6% annual growth from 2025[8]. Dividends and Shareholder Returns - The dividend was increased by 12% to $0.82 per share, payable on April 15, 2025[4][8]. Strategic Initiatives - The company executed agreements for two new projects aimed at serving utility-scale power generation[8]. - The company successfully closed the largest acquisition in its history last year and completed key organic growth projects ahead of schedule and on budget[3]. - The company has a strong financial position with an expanded asset footprint and increased organic project backlog, enhancing confidence in meeting future goals[5]. Environmental Commitment - DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, with a plan to achieve a 30% reduction in carbon emissions by 2030[7]. Performance Metrics - The company emphasizes the use of Operating Earnings and Adjusted EBITDA as key performance metrics to provide a meaningful representation of ongoing operations[9][10].

Company Overview - DT Midstream, Inc. (DTM) is currently experiencing significant attention from investors due to high implied volatility in its options market, particularly the March 21, 2025 $100 Put option [1] - The company holds a Zacks Rank 2 (Buy) in the Oil and Gas - Integrated - United States industry, which is in the top 19% of the Zacks Industry Rank [3] Analyst Sentiment - Over the last 60 days, no analysts have increased earnings estimates for the current quarter, while two analysts have lowered their estimates, resulting in a decrease of the Zacks Consensus Estimate from 95 cents per share to 91 cents [3] Options Market Insights - The high implied volatility suggests that options traders are anticipating a significant price movement for DT Midstream shares, which could indicate an upcoming event that may lead to a substantial rally or sell-off [2][4] - Options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected [4]

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 ...