DT Midstream Incorporation

DTM

Equity

ISIN US23345M1071 / Valor 111989969

New York Stock Exchange, Inc (2024-12-24)

USD 102.48+0.89%

DT Midstream Incorporation
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

DT Midstream Incorporation is a provider of natural gas transportation and storage services.

Summarized from source with an LLMView SourceSector: Energy

Net Income

DT Midstream, Inc. reported a net income of $88 million for the third quarter of 2024. This translates to earnings of $0.90 per diluted share, reflecting the company's strong financial performance during this period.

Adjusted EBITDA

For the third quarter of 2024, DT Midstream achieved an Adjusted EBITDA of $241 million. This metric is used by the company to provide a clearer picture of its operating performance by excluding certain non-routine items.

Dividend Declaration

The Board of Directors of DT Midstream declared a dividend of $0.735 per share on its common stock. This dividend is payable on January 15, 2025, to stockholders of record as of December 16, 2024.

Guidance Update

DT Midstream has raised its Adjusted EBITDA guidance for the full year 2024 to a range of $950 million to $980 million. This increase reflects the company's strong year-to-date performance and positive outlook for the remainder of the year.

Business Developments

Significant business updates for DT Midstream in the third quarter of 2024 include the final investment decision on the Phase 4 expansion of the LEAP system and an upgrade to investment-grade by Fitch Ratings. These developments are expected to support the company's future growth.

Summarized from source with an LLMView Source

Key figures

87.2%1Y

116%3Y

%5Y

Performance

19.3%1Y

24.8%3Y

25.4%5Y

Volatility