Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

DT Midstream (DTM) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors o ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider DT Midstream (DTM) . This company, which is in the Zacks Oil and Gas - Integrated - United States industry, shows potential for another earnings beat.When looking at the last two reports, this natural gas pipeline operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 21.11% ...

DETROIT, April 16, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce first quarter 2024 financial results before the market opens on Tuesday, April 30, 2024. 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 the toll number is ...

DETROIT, April 16, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce first quarter 2024 financial results before the market opens on Tuesday, April 30, 2024. 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 the toll number is ...

DETROIT, Feb. 27, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) announced that its 2024 Annual Meeting of Stockholders will be Friday, May 10. Stockholders of record at the close of business Wednesday, March 13, 2024, 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 ga ...

FotoDuets/iStock via Getty Images Thesis I believe DT Midstream, Inc. (NYSE:DTM) is a snowball on a downhill track, and it's not too late to get on board. Last week, DTM piqued my interest. I recognized its growth potential, coupled with a modest dividend that had a solid runway to keep growing. On Friday, February 16th, the company reported solid earnings, ahead of schedule with progress on many of its growth projects, and a 7% dividend hike. As one would expect, the stock rose over 5% in response. The pri ...

Fourth Quarter 2023 Earnings Call February 16, 2024 Ammons compressor station – Appalachia Gathering System phase 2 expansion New slide Safe H ...

Financial Data and Key Metrics Changes - The company reported full-year adjusted EBITDA of $924 million, representing a 10% growth year-over-year, exceeding guidance midpoint [5][14] - For Q4, adjusted EBITDA was $239 million, an increase of $3 million over Q3 [14][51] - The company expects 2024 adjusted EBITDA guidance in the range of $930 million to $980 million, reflecting a $10 million midpoint increase from prior outlook [15][52] Business Line Data and Key Metrics Changes - The Pipeline segment saw an increase of $11 million over the prior quarter, driven by early service of LEAP expansions and higher revenues from joint ventures [51] - Gathering segment results were $8 million lower than the prior quarter due to environmental reserve adjustments and modestly lower volumes in Haynesville, although total gathering volumes averaged around 3.1 Bcf a day, up 100 million cubic feet from Q3 [31] Market Data and Key Metrics Changes - The company has a deep organic project backlog of over $1.3 billion through 2027, with a focus on pipeline and gathering segments [23][32] - The Northeast market showed a 10% growth in gathering volumes, indicating strong demand [31] Company Strategy and Development Direction - The company aims to minimize capital at risk while systematically derisking its CO2 storage site, pursuing a phased approach to its carbon capture project [9] - The company is focused on expanding its pipeline capacity to meet growing LNG demand, with significant expansions planned for the LEAP system [7][22] - The company has a goal of achieving an investment-grade credit rating by the end of 2024, supported by a strong balance sheet and financial flexibility [28][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the current price environment and reflected this in their 2024 guidance [35][60] - The company views the U.S. Gulf Coast as a premier LNG export region and a critical supply source for international allies, emphasizing long-term energy security [24] - Management highlighted the importance of customer relationships and service quality, which have been recognized as best-in-class within the sector [29] Other Important Information - The company announced a 7% increase in its quarterly dividend to $0.735 per share, with plans to continue annual increases in line with long-term adjusted EBITDA growth [16][18] - The company's ESG program has improved its MSCI rating to AA, positioning it as a leader in sustainability within its sector [12] Q&A Session Summary Question: Potential for shut-ins due to weak pricing - Management acknowledged modest shut-ins last year and indicated that current guidance reflects awareness of the price environment and customer plans [35][56] Question: Long-term EBITDA growth guidance and pipeline share - Management confirmed that approximately 60% of the capital in the backlog is directed towards the Pipeline segment, which is expected to grow proportionately [36][37] Question: Capital allocation and M&A potential - Management emphasized prioritizing organic growth opportunities with higher returns while remaining aware of bolt-on M&A opportunities [42][62] Question: Viability of Northeast pipeline expansions - Management indicated that opportunities will be clearer post-merger, with potential for enhanced efficiency and capital deployment [47][84] Question: Investment grade rating milestones - Management noted that disciplined execution of plans shared with rating agencies is crucial for achieving investment grade status [88]

Full year 2023 Adjusted EBITDA of $924 million represents a 10% increase over the prior yearIncreased dividend by 7%Increased 2024 Adjusted EBITDA guidanceProvided 2025 Adjusted EBITDA early outlook DETROIT, Feb. 16, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced fourth quarter 2023 reported net income of $121 million, or $1.24 per diluted share. For the fourth quarter of 2023, Operating Earnings were $121 million, or $1.24 per diluted share. Adjusted EBITDA for the quarter was $239 ...