DT Midstream(DTM) - 2023 Q4 - Earnings Call Presentation

Financial Performance - DT Midstream's 2023 Adjusted EBITDA was $924 million, a 10% increase year-over-year[27, 78] - The pipeline segment contributed 65% of the total Adjusted EBITDA in Q4 2023[27, 59] - DT Midstream's growth capital invested in 2023 was $677 million[27] - DT Midstream targets a long-term Adjusted EBITDA growth rate of 5-7%[49, 59] - DT Midstream's distributable cash flow was $700 million in 2023, an 8% increase year-over-year[78] Growth and Capital Investment - DT Midstream has a ~$1.3 billion organic growth project backlog[50, 101] - DT Midstream's growth capex for 2023 was $677 million, reflecting total DT Midstream capital spend of $750 million less cash contributions from customers of $73 million[61, 78] - DT Midstream expects ~$300 million of committed capex over 2024/2025[57] Assets and Operations - DT Midstream's pipeline segment contributed ~65% of total Adjusted EBITDA, the highest in the sector[59] - DT Midstream's LEAP offers 36 Bcf/d of direct connectivity to LNG markets[15, 97]