DT Midstream(DTM) Newsfilter·2025-02-26 12:30Core Insights - DT Midstream, Inc. reported strong financial results for the fourth quarter and full year of 2024, with net income of $73 million for Q4 and $354 million for the full year, reflecting a solid performance and exceeding guidance [1][2][3] 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] - For the 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][3] Business Developments - The company successfully closed its largest acquisition in history and completed key organic growth projects ahead of schedule and on budget, positioning itself to meet growing demand [3][4] - DT Midstream increased its 2025 Adjusted EBITDA guidance range to $1.095 to $1.155 billion, representing an 18% increase over the original 2024 guidance [9] - The company announced a 12% increase in dividends from the fourth quarter of 2024 to $0.82 per share, payable on April 15, 2025 [9] Strategic Outlook - The company expressed confidence in meeting its goals for 2025 and beyond, supported by strong financial results, an increased organic project backlog, and a flexible balance sheet [4][9] - 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 [6]