DT Midstream(DTM)
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DT Midstream(DTM) - 2023 Q4 - Annual Report
2024-02-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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. (State or other jurisdiction of incorporation or organization) (I.R.S Employer Identification No.) Delaware 3 ...
Analysts Estimate DT Midstream (DTM) to Report a Decline in Earnings: What to Look Out for
Zacks Investment Research· 2024-02-09 16:05
DT Midstream (DTM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 1 ...
DT Midstream to Announce Fourth Quarter and Full Year 2023 Financial Results, Schedules Earnings Call
Newsfilter· 2024-02-02 11:45
DETROIT, Feb. 02, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce fourth quarter and full year 2023 financial results before the market opens on Friday, February 16, 2024. DT Midstream has scheduled a conference call to discuss results for 8:30 a.m. ET (7:30 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 888.330.2022, and th ...
DT Midstream to Announce Fourth Quarter and Full Year 2023 Financial Results, Schedules Earnings Call
Globenewswire· 2024-02-02 11:45
DETROIT, Feb. 02, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce fourth quarter and full year 2023 financial results before the market opens on Friday, February 16, 2024. DT Midstream has scheduled a conference call to discuss results for 8:30 a.m. ET (7:30 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 888.330.2022, and th ...
DT Midstream(DTM) - 2023 Q3 - Earnings Call Presentation
2023-11-01 15:46
The above list of factors is not exhaustive. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause actual results to vary materially from those stated in forward-looking statements, see the discussion under the section entitled "Risk Factors" in our Annual Report for the year ended December 31, 2022, filed with the SEC on Form 10-K and any other reports filed with the SEC. Given the uncertainties and risk factors that could cause our actual results to d ...
DT Midstream(DTM) - 2023 Q3 - Earnings Call Transcript
2023-11-01 15:39
DT Midstream, Inc. (NYSE:DTM) Q3 2023 Earnings Conference Call November 1, 2023 9:00 AM ET Company Participants Todd Lohrmann - Director of Investor Relations David Slater - President & Chief Executive Officer Jeff Jewell - Executive Vice President & Chief Financial Officer Conference Call Participants Vrathan Reddy - JPMorgan Michael Blum - Wells Fargo John Mackay - Goldman Sachs Spiro Dounis - Citi Keith Stanley - Wolfe Research Operator Welcome to the DT Midstream third Quarter 2023 Earnings Call. I will ...
DT Midstream(DTM) - 2023 Q3 - Quarterly Report
2023-10-31 16:00
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, 2023 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. (State or other jurisdiction of incorporation or Delaware 38-2663964 organization) (I.R.S Employer I ...
DT Midstream(DTM) - 2023 Q2 - Earnings Call Transcript
2023-08-01 16:38
Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA of $224 million for Q2 2023, aligning with the full-year plan [13] - The 2023 growth CapEx guidance has been increased to $700 million to $750 million, while the 2024 committed growth CapEx has been reduced by $100 million [14] - Liquidity remains strong at approximately $900 million, with a declared dividend unchanged at $0.69 per share [16] Business Line Data and Key Metrics Changes - The Pipeline segment results were $2 million below Q1 2023 due to lower winter-related revenues from pipeline joint ventures [13] - Gathering segment results were consistent with Q1 2023 and aligned with the annual plan [13] - Total gathering volumes averaged approximately 2.9 billion cubic feet per day in Q2 2023, with Northeast volumes increasing while Haynesville volumes decreased due to outages [29] Market Data and Key Metrics Changes - The natural gas market is experiencing moderating production levels and short-term deferrals in activity due to weak prices [11] - Recent weather conditions have driven strong power demand for natural gas, contributing to a reduction in storage surplus and some price improvements [12] - Gas prices are expected to be favorable in 2024 and 2025, projected in the $3.50 to $4 range [27] Company Strategy and Development Direction - The company is focusing on a new greenfield gathering opportunity in Ohio, with a significant investment of approximately $100 million being shifted from 2024 to the second half of 2023 [8] - The energy transition platform is developing, anchored by a CCS project in Louisiana and a hydrogen partnership with Mitsubishi [18] - The company aims to grow its business in a disciplined manner, leveraging core competencies and existing platforms [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the full-year guidance for 2023 and early outlook for 2024, with key growth investments on track [32] - The company is optimistic about the Ohio Utica project, which diversifies the customer base and integrates with regional assets [32] - Producers are exhibiting rational behavior in the Haynesville region, pausing activity in response to low cash prices while maintaining drilling levels [68] Other Important Information - The company plans to spend approximately $15 million this year on the Class V characterization well permit application, with drilling expected in Q4 2023 [10] - The CCS project is seen as a significant contributor to the company's Net Zero goals while also being economically viable due to existing tax credits [48] Q&A Session Summary Question: Thoughts on leverage and CCS project CapEx - Management confirmed plans to stay at or below the 4x leverage ratio, with expectations to end 2023 at approximately 4.2x and around 3.8x by year-end [36] Question: Details on Ohio Utica investment and MVCs - The impact on cash flows from the Ohio Utica investment is expected to materialize in 2025, with MVCs ramping alongside producer activity [51] Question: CCS project economics and capital costs - The CCS project is expected to significantly reduce CO2 emissions and is economically viable due to existing tax credits [48] Question: Future expansion opportunities in natural gas storage - The company is assessing expansion opportunities in natural gas storage, which has been a bright spot in the portfolio [57] Question: NEXUS expansion and permitting reform - Management supports ongoing permitting reform efforts and is optimistic about future expansions, with no public announcements yet [70]
DT Midstream(DTM) - 2023 Q2 - Quarterly Report
2023-07-31 16:00
Commission File Number: 001-40392 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 June 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DT Midstream, Inc. (State or other jurisdiction of incorporation or Delaware 38-2663964 organization) (I.R.S Employer Identi ...
DT Midstream(DTM) - 2023 Q1 - Earnings Call Transcript
2023-05-02 15:22
DT Midstream, Inc. (NYSE:DTM) Q1 2023 Results Conference Call May 2, 2023 9:00 AM ET Company Participants Todd Lohrmann - Director of Investor Relations David Slater - President and CEO Jeff Jewell - Executive Vice President and CFO Conference Call Participants Spiro Dounis - Citi Michael Blum - Wells Fargo Robert Mosca - Mizuho Alex Kania - Wolfe Research Operator Thank you for standing by. My name is Briana, and I will be your conference operator today. At this time, I would like to welcome everyone to th ...