DT Midstream Inc
NYSE:DTM

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DT Midstream Inc
NYSE:DTM
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Price: 121.56 USD 0.02% Market Closed
Market Cap: 12.4B USD

DT Midstream Inc
Investor Relations

DT Midstream Inc. stands as a pivotal player in the realm of energy infrastructure, strategically positioned in the heart of North America's natural gas industry. Emerging from the well-established roots of DTE Energy, the company was spun off in 2021, taking with it a rich lineage of experience and expertise. DT Midstream's operations are intricately woven around the transportation and storage of natural gas, a critical component for ensuring energy reliability and delivery across vast regions. With an extensive network of natural gas pipelines and storage systems, the company effectively connects major supply basins with key markets and customers. This comprehensive infrastructure network enables it to facilitate the seamless movement of gas, providing essential services to various stakeholders including utilities, power plants, and industrial facilities.

Revenue generation for DT Midstream is predominantly driven by its fee-based business model, where the company earns from capacity reservations and volumetric throughput. This stable income stream is structured through long-term contracts, insulating the company from the volatile swings of commodity prices. By focusing on expanding and optimizing its existing assets, DT Midstream seeks to capture growth opportunities that align with increasing demand for cleaner energy sources. As natural gas continues to play a significant role in the transition toward a low-carbon future, DT Midstream is poised to maintain and potentially grow its position as a vital conduit within the energy sector, combining strategic operations with forward-thinking initiatives to cater to evolving market needs.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Guidance Raised: The company increased the midpoint of its 2025 adjusted EBITDA guidance to $1.13 billion, up 18% from the prior year and reaffirmed its 2026 outlook.

Strong Haynesville Volumes: Gathering volumes on the Haynesville system reached an all-time high, up 35% year-over-year, driven by rapid production ramp.

Major Expansion Project: Final investment decision (FID) reached on a larger Guardian pipeline expansion, boosting capacity by 40%, anchored by 20-year contracts with five investment-grade utilities.

Dividend Commitment: The quarterly dividend was maintained at $0.82 per share, and management reiterated plans for 5% to 7% annual dividend growth in line with EBITDA.

Capital Spending Update: Committed capital increased to $1.6 billion for 2025–2029, reflecting progress on the Guardian expansion and a larger portion of backlog moving to execution.

Market Fundamentals: Management emphasized robust demand from LNG, data centers, and industrial users, particularly in Louisiana and the Midwest, as a key growth driver.

Permitting Commentary: Regulatory environment seen as constructive, with positive developments at FERC supporting confidence in project approvals.

Key Financials
Adjusted EBITDA
$288 million
Haynesville Gathering Volume
2.04 Bcf per day
Northeast Gathering Volume
1.09 Bcf per day (quarter), 1.17 Bcf per day (September)
Dividend per Share
$0.82
Year-End Leverage (on balance sheet)
3.1x
Year-End Leverage (proportionally consolidated)
3.8x
Committed Capital (2025-2029)
$1.6 billion
Guardian Expansion Project Investment
$850 million to $930 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Robert C. Skaggs Jr.
Chairman
No Bio Available
Mr. David J. Slater
President, CEO & Director
No Bio Available
Mr. Jeffrey A. Jewell
Executive VP, CFO & Chief Accounting Officer
No Bio Available
Mr. Christopher Zona
Executive VP & COO
No Bio Available
Ms. Melissa Cox
Executive VP & Chief Administrative Officer
No Bio Available
Ms. Wendy A.T. Ellis
Executive VP, General Counsel & Corporate Secretary
No Bio Available

Contacts

Address
MICHIGAN
Detroit
One Energy Plaza
Contacts
+13132354000.0
dtmidstream.com