Dt Midstream Inc Stock Price, News & Analysis

DT Midstream reported strong financial performance in Q1 2025, with net income of $108 million ($1.06 per diluted share) and Adjusted EBITDA of $280 million. The company announced a quarterly dividend of $0.82 per share, payable July 15, 2025.

Under CEO David Slater's leadership, the company achieved several key milestones:

• Successfully integrated new interstate pipelines into financial systems
• Initiated construction of power plant lateral from Midwestern Gas Transmission
• Continued execution of ~$2.3 billion organic project backlog

CFO Jeff Jewell confirmed the company is on track for its 2025 objectives. A conference call was scheduled to discuss these results, with both toll-free and international access available for investors and stakeholders.

DT Midstream (NYSE: DTM) has announced it will release its first quarter 2025 financial results before market opening on Wednesday, April 30, 2025.

The company has scheduled a conference call to discuss the results at 9:00 a.m. ET (8:00 a.m. CT) on the same day. Investors, media, and the public can access the live internet broadcast through a provided link. For telephone access, participants can use the toll-free number 888.596.4144 in the U.S. and Canada, or the toll number 646.968.2525, with passcode 9881735. International access numbers are available separately.

The webcast will be archived and accessible on the company's investor relations website at investor.dtmidstream.com.

DT Midstream (NYSE: DTM) announced record financial results for 2024, with full-year Adjusted EBITDA of $969 million and reported net income of $354 million ($3.60 per diluted share). The company reported Q4 2024 net income of $73 million ($0.73 per diluted share).

Key highlights include:

• 12% dividend increase to $0.82 per share, payable April 15, 2025
• Raised 2025 Adjusted EBITDA guidance to $1.095-$1.155 billion, representing an 18% increase over 2024
• Provided 2026 Adjusted EBITDA outlook of $1.155-$1.225 billion
• Secured new agreements for utility-scale power generation projects

The company successfully completed its largest historical acquisition and delivered organic growth projects ahead of schedule and on budget in 2024.

DT Midstream (NYSE: DTM) has announced its 2025 Annual Meeting of Stockholders, which will take place on Tuesday, May 6, 2025. The company has set Wednesday, March 12, 2025, as the record date for determining stockholder eligibility to vote at the meeting. Shareholders who own DTM stock at the close of business on the record date will be entitled to participate in the voting process.

DT Midstream (NYSE: DTM) has announced it will release its fourth quarter and full year 2024 financial results before market opening on Wednesday, February 26, 2025. The company has scheduled a conference call at 9:00 a.m. ET (8:00 a.m. CT) on the same day to discuss the results.

Investors and interested parties can participate through a live internet broadcast or via telephone. The toll-free number for U.S. and Canada participants is 888.596.4144, while the toll number is 646.968.2525, with passcode 9645886. International access numbers are available on the company's website. The webcast will be archived on DT Midstream's investor relations website.

ONEOK (NYSE: OKE) has completed the sale of its three wholly owned interstate natural gas pipeline systems to DT Midstream for $1.2 billion in cash. The transaction, which closed on December 31, 2024, includes the Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission systems.

The sale aligns with ONEOK's strategic portfolio optimization and capital allocation priorities. The company plans to use the net proceeds to enhance its financial flexibility as it works toward achieving its leverage target of 3.5 times during 2026. Employees associated with these pipeline systems will transition to DT Midstream and will be instrumental in establishing the company's new Tulsa office.

DT Midstream (NYSE: DTM) has completed the acquisition of three FERC-regulated natural gas transmission pipelines from ONEOK for $1.2 billion in cash, effective December 31, 2024. The acquisition includes Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission, providing 100% operating ownership of these assets. The combined pipeline network spans 1,300 miles across seven Midwest states with a total capacity exceeding 3.7 Bcf/d. The acquisition aligns with DTM's pure play natural gas strategy and increases pipeline segment revenue, supported by take-or-pay contracts with utility customers.

DT Midstream (NYSE: DTM) has successfully closed its previously announced offering of $650 million of 5.800% Senior Secured Notes due 2034. The Notes are guaranteed by certain DT Midstream subsidiaries and secured by first priority liens on specific company assets.

The proceeds from this offering, combined with proceeds from a recent common stock offering, revolving credit facility borrowings, and cash on hand, will fund the pending acquisition of Guardian Pipeline, L.L.C., Midwestern Gas Transmission Company, and Viking Gas Transmission Company from ONEOK Partners Intermediate Partnership and Border Midwestern Company.

The Notes were privately placed to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act of 1933.

DT Midstream (NYSE: DTM) has priced an offering of $650 million of 5.800% Senior Secured Notes due 2034. The Notes will be guaranteed by certain subsidiaries and secured by a first priority lien on specific assets. The offering is expected to close on December 6, 2024. The proceeds, combined with recent common stock offering proceeds, revolving credit facility borrowings, and cash on hand, will fund the pending acquisition of Guardian Pipeline, Midwestern Gas Transmission Company, and Viking Gas Transmission Company from ONEOK Partners. The Notes are being sold privately to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.