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DT Midstream (DTM)
NYSE:DTM
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.1Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 3.93%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong financial performance, strategic acquisitions, and positive market positioning being weighed against challenges such as depressed natural gas prices and regulatory delays in specific projects. The sentiment in the call reflects confidence in future growth and successful integration of acquisitions, but with cautious optimism due to ongoing market and regulatory challenges.Company Guidance
During the DT Midstream, Inc. fourth quarter and year-end 2024 earnings call, the company provided extensive guidance for 2025 and beyond. DT Midstream achieved a record-high adjusted EBITDA of $969 million in 2024, representing a 5% increase from the prior year and a 10% compounded annual growth since 2021. The 2025 adjusted EBITDA guidance is set between $1.95 billion and $2.155 billion, reflecting an 18% growth from the 2024 original guidance, with a 2026 outlook of $2.155 billion to $2.225 billion. The company anticipates maintaining a 5% to 7% long-term organic growth rate, supported by a $2.3 billion project backlog primarily in pipeline projects, with 70% comprising pipeline opportunities. The 2025 growth capital guidance is between $400 million and $460 million. The call also highlighted new projects, including a 300 million cubic feet per day lateral to AES Indiana's Petersburg power plant, expected to be in service by Q1 2026, and a 20-year contract for a West Virginia power plant, pending FID in 2026. DT Midstream, Inc. emphasized its focus on disciplined financial management, aiming for an investment-grade rating, and announced a 12% increase in its quarterly dividend to $0.82 per share. The company projects a positive environment for natural gas infrastructure investment, foreseeing significant demand growth across its Haynesville system and other assets.Record Safety Performance
DT Midstream, Inc. finished the year with zero OSHA recordable safety incidences, showcasing an exceptional commitment to safety.
Adjusted EBITDA Achievement
The company delivered an adjusted EBITDA of $969 million, exceeding the increased guidance midpoint and marking a record high year with a 10% compounded annual growth since 2021.
Successful Midwest Pipeline Acquisition
The acquisition of the Midwest pipeline from One Oak expanded DT Midstream's FERC interstate natural gas pipeline network, with successful integration underway.
Strong Pipeline Segment Growth
The pipeline segment grew by 7% year over year, driven by new LEAP expansions and higher storage revenue.
Investment Grade Upgrade
DT Midstream was upgraded to investment grade by Fitch and expects further upgrades in 2025 by S&P and Moody's.
Positive Market Sentiment and Outlook
The company is well-positioned to capitalize on a more constructive pricing environment and increased natural gas market demand in 2025.
Dividend Increase
The board declared a quarterly dividend increase to $0.82 per share, representing a 12% increase.
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DTM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $94.98 | $94.10 | -0.93% |
| Oct 29, 2024 | $86.04 | $87.89 | +2.15% |
| Jul 30, 2024 | $72.35 | $72.77 | +0.58% |
| Apr 30, 2024 | $60.95 | $59.98 | -1.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does DT Midstream (DTM) report earnings?
DT Midstream (DTM) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is DT Midstream (DTM) earnings time?
DT Midstream (DTM) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DTM EPS forecast?
DTM EPS forecast for the fiscal quarter 2025 (Q1) is 1.1.
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