Group 1 - DT Midstream, Inc. has successfully closed a binding open season to award expansion capacity on the Guardian Pipeline, totaling 328,103 Dth per day, with a targeted in-service date of November 1, 2028 [1] - The total expansion capacity awarded now stands at 536,903 Dth per day, representing an approximate 40% increase from Guardian's current capacity [2] - The Guardian Pipeline is a 260-mile interstate pipeline with a current capacity of approximately 1.3 Bcf per day, serving key demand centers in Wisconsin [3] Group 2 - DT Midstream operates and develops natural gas pipelines, storage, and gathering systems across the Southern, Northeastern, and Midwestern United States and Canada [4] - The company is committed to transitioning towards net zero greenhouse gas emissions by 2050, with a goal of achieving a 30% reduction in carbon emissions by 2030 [4]

Financial Performance - DT Midstream reported a net income of $107 million for Q2 2025, equating to $1.04 per diluted share, with Operating Earnings also at $107 million and Adjusted EBITDA at $277 million [1][3][21] - The company reaffirmed its 2025 Adjusted EBITDA guidance of $1.095 to $1.155 billion and provided an early outlook for 2026 Adjusted EBITDA in the range of $1.155 to $1.225 billion [3][11] Dividend Announcement - The Board of Directors declared a dividend of $0.82 per share, payable on October 15, 2025, to stockholders of record as of September 15, 2025 [2] Business Updates - The company made significant progress on organic projects, with $0.6 billion of projects reaching final investment decisions during Q2 2025 [3][8] - DT Midstream achieved a record high quarterly gathering volume for its Haynesville system and finalized its investment plan for the initial phase of modernization across new interstate pipelines [8][22] Company Overview - DT Midstream operates natural gas interstate and intrastate pipelines, storage, and gathering systems, focusing on transporting clean natural gas across the Southern, Northeastern, and Midwestern United States and Canada [5] - The company aims to transition towards net zero greenhouse gas emissions by 2050, with a target of achieving a 30% reduction in carbon emissions by 2030 [5]

Core Viewpoint - DT Midstream, Inc. is set to announce its second quarter 2025 financial results on July 31, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 9:00 a.m. ET on the same day [2] - Investors and the public can access a live internet broadcast of the call [2] Group 2: Company Overview - DT Midstream is involved in the ownership, operation, and development of natural gas pipelines, storage, and related facilities [3] - The company provides services for utilities, power plants, and large industrial customers across the U.S. and Canada [3] - DT Midstream aims for net zero greenhouse gas emissions by 2050, with a target of 30% carbon emissions reduction by 2030 [3]

Core Viewpoint - DT Midstream, Inc. has achieved investment grade ratings from all three major credit rating agencies, reflecting the strength of its balance sheet and business quality, positioning the company for continued growth [1][3]. Company Overview - DT Midstream is involved in the ownership, operation, and development of natural gas pipelines, storage, and gathering systems, providing services across the Southern, Northeastern, and Midwestern United States and Canada [2]. - The company 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]. Credit Rating Upgrades - Fitch Ratings upgraded DT Midstream's credit rating to BBB- with a stable outlook on October 3, 2024 [3]. - Moody's Ratings upgraded the credit rating to Baa3 with a stable outlook on May 16, 2025 [3]. - S&P Global Ratings upgraded the credit rating to BBB- with a stable outlook on July 8, 2025 [3].

Core Viewpoint - DT Midstream, Inc. has achieved investment grade ratings from two credit agencies, which is expected to enhance liquidity and reduce interest expenses [1][6]. Company Overview - DT Midstream is involved in the ownership, operation, and development of natural gas pipelines, storage, and gathering systems, serving utilities, power plants, and large industrial customers across the U.S. and Canada [2]. - The company 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]. Credit Rating Details - Moody's upgraded DT Midstream's credit rating to Baa3 with a stable outlook on May 16, 2025 [6]. - Fitch Ratings upgraded DT Midstream's credit rating to BBB- with a stable outlook on October 3, 2024 [6].

Core Points - DT Midstream, Inc. reported a net income of $108 million, or $1.06 per diluted share, for the first quarter of 2025, with Operating Earnings also at $108 million and Adjusted EBITDA at $280 million [1][2][25] - The company declared a dividend of $0.82 per share, payable on July 15, 2025, to stockholders of record by June 16, 2025 [2] - The integration of new interstate pipelines has progressed well, contributing to a strong start for the year [2][7] Financial Performance - For the first quarter of 2025, the net income attributable to DT Midstream was $108 million, compared to $73 million in the same period of 2024 [25][30] - Adjusted EBITDA increased to $280 million in Q1 2025 from $235 million in Q1 2024 [25][30] - The company reported a Distributable Cash Flow (DCF) of $250 million for Q1 2025, significantly higher than $133 million in Q1 2024 [30] Business Updates - The company has successfully integrated new interstate pipelines into its financial system and commenced construction activities for a new power plant lateral [7] - DT Midstream is advancing on a project backlog valued at approximately $2.3 billion [7] - The company is committed to achieving net zero greenhouse gas emissions by 2050, with a target of 30% reduction in carbon emissions by 2030 [4] Operational Metrics - The company’s Adjusted EBITDA is calculated by adding back interest expense, income tax expense, depreciation and amortization, and other adjustments to net income [6][9] - The reconciliation of net income to Adjusted EBITDA for Q1 2025 shows a significant contribution from equity method investees, with $73 million included in the calculation [25][27]