DT Midstream, Inc. provides integrated natural gas services. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities. The company engages in the transportation and storage of natural gas for intermediate and end user customers; and collecting natural gas from points at or near customers' wells for delivery to plants for processing, to gathering pipelines for gathering, or to pipelines for transportation, as well as offers water impoundment, water storage, water transportation, and sand mining. The company was incorporated in 2021 and is headquartered in Detroit, Michigan. As of July 1, 2021, DT Midstream, Inc. operates independently of DTE Energy Company.
IPO Year: 2021
Exchange: NYSE
Website: dtmidstream.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/4/2024 | $62.00 → $77.00 | Equal Weight → Overweight | Wells Fargo |
2/20/2024 | Underperform → Peer Perform | Wolfe Research | |
1/10/2024 | $53.00 | Peer Perform → Underperform | Wolfe Research |
1/5/2024 | $58.00 → $57.00 | Buy → Neutral | Mizuho |
12/1/2023 | Overweight → Neutral | JP Morgan | |
10/6/2023 | $46.00 | Sell | Goldman |
10/4/2023 | $60.00 | Buy | Stifel |
3/2/2023 | $60.00 → $59.00 | Neutral → Buy | Mizuho |
2/23/2023 | $54.00 | Sell → Neutral | Citigroup |
12/16/2022 | $68.00 → $62.00 | Overweight → Equal Weight | Wells Fargo |
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4 - DT Midstream, Inc. (0001842022) (Issuer)
4 - DT Midstream, Inc. (0001842022) (Issuer)
DETROIT, March 08, 2023 (GLOBE NEWSWIRE) -- The DT Midstream, Inc. Board of Directors announced the appointment of Angela Archon to its Board of Directors, effective March 7, 2023. Ms. Archon, who qualifies as an independent director, will serve as a Class III Director of DT Midstream until the company's 2024 annual meeting of stockholders or until her earlier resignation or removal. Ms. Archon's career includes over 30 years at International Business Machines (IBM) where she held various global executive leadership roles in strategy, operations, customer relations, IT systems, business development and supply chain management. Ms. Archon also has significant independent public board exp
DETROIT, July 30, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced second quarter 2024 reported net income of $96 million, or $0.98 per diluted share. For the second quarter of 2024, Operating Earnings were also $96 million, or $0.98 per diluted share. Adjusted EBITDA for the quarter was $248 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Midstream Board of Directors declared a $0.735 per share dividend on its common stock payable October 15, 2024 to stockholders of record at the close of business September 16, 2
DETROIT, July 16, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce second quarter 2024 financial results before the market opens on Tuesday, July 30, 2024. DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 4749988. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com. Abou
DETROIT, April 30, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced first quarter 2024 reported net income of $97 million, or $0.99 per diluted share. For the first quarter of 2024, Operating Earnings were $97 million, or $0.99 per diluted share. Adjusted EBITDA for the quarter was $245 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Midstream Board of Directors declared a $0.735 per share dividend on its common stock payable July 15, 2024 to stockholders of record at the close of business June 17, 2024. "Our first quart
DETROIT, April 16, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce first quarter 2024 financial results before the market opens on Tuesday, April 30, 2024. DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 4749988. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com. About DT
Full year 2023 Adjusted EBITDA of $924 million represents a 10% increase over the prior yearIncreased dividend by 7%Increased 2024 Adjusted EBITDA guidanceProvided 2025 Adjusted EBITDA early outlook DETROIT, Feb. 16, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced fourth quarter 2023 reported net income of $121 million, or $1.24 per diluted share. For the fourth quarter of 2023, Operating Earnings were $121 million, or $1.24 per diluted share. Adjusted EBITDA for the quarter was $239 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release.
DETROIT, Feb. 02, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce fourth quarter and full year 2023 financial results before the market opens on Friday, February 16, 2024. DT Midstream has scheduled a conference call to discuss results for 8:30 a.m. ET (7:30 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.330.2022, and the toll number is 646.960.0690; the passcode is 8347152. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream
Updates 2023 Adjusted EBITDA guidance to $905 to $925 millionUpdates 2023 Distributable Cash Flow guidance to $650 to $675 millionAnnounces dividend of $0.69 per share DETROIT, Nov. 01, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced third quarter 2023 reported net income of $91 million, or $0.94 per diluted share. For the third quarter of 2023, operating earnings were $91 million, or $0.94 per diluted share. Adjusted EBITDA for the quarter was $236 million. Reconciliations of operating earnings and adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Midstream Board of Dire
DETROIT, Oct. 18, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce third quarter 2023 financial results before the market opens on Wednesday, November 1, 2023. DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.330.2022, and the toll number is 646.960.0690; the passcode is 8347152. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com. About
DETROIT, Aug. 01, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced second quarter 2023 reported net income of $91 million, or $0.93 per diluted share. For the second quarter of 2023, operating earnings were $91 million, or $0.93 per diluted share. Adjusted EBITDA for the quarter was $224 million. Reconciliations of operating earnings and adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Midstream Board of Directors declared a $0.69 per share dividend on its common stock payable October 15, 2023 to stockholders of record at the close of business September 18, 2023. "We had
DETROIT, July 18, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce second quarter 2023 financial results before the market opens on Tuesday, August 1, 2023. DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.330.2022, and the toll number is 646.960.0690; the passcode is 8347152. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com. About DT
DT Midstream (NYSE:DTM) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $71.0, a high estimate of $77.00, and a low estimate of $65.00. This upward trend is evident, with the current average
Barclays analyst Christine Cho maintains DT Midstream (NYSE:DTM) with a Overweight and raises the price target from $66 to $72.
In the latest quarter, 4 analysts provided ratings for DT Midstream (NYSE:DTM), showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $69.5, a high estimate of $77.00, and a low estimate of $65.00. Marking an increase of 15.83%, the current average surpasses the previou
Wells Fargo analyst Michael Blum upgrades DT Midstream (NYSE:DTM) from Equal-Weight to Overweight and raises the price target from $62 to $77.
Stifel analyst Selman Akyol maintains DT Midstream (NYSE:DTM) with a Buy and raises the price target from $62 to $70.
DT Midstream (NYSE:DTM) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.95 by 4.21 percent. This is a 17.86 percent increase over earnings of $0.84 per share from the same period last year.
Mizuho analyst Robert Mosca maintains DT Midstream (NYSE:DTM) with a Neutral and raises the price target from $57 to $65.
In the preceding three months, 3 analysts have released ratings for DT Midstream (NYSE:DTM), presenting a wide array of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 0 1 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 1 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $59.33, along with a high estimate of $66.00 and a low estimate of $53.00. Witnessing a pos
Barclays analyst Christine Cho maintains DT Midstream (NYSE:DTM) with a Overweight and raises the price target from $59 to $66.
As of March 12, 2024, five stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Gulf Island Fabrication, Inc. (NASDAQ:GIFI) On March 7, Gulf Island Fabrication reported a year-over-
Wells Fargo upgraded DT Midstream from Equal Weight to Overweight and set a new price target of $77.00 from $62.00 previously
Wolfe Research upgraded DT Midstream from Underperform to Peer Perform
Wolfe Research downgraded DT Midstream from Peer Perform to Underperform and set a new price target of $53.00
Mizuho downgraded DT Midstream from Buy to Neutral and set a new price target of $57.00 from $58.00 previously
JP Morgan downgraded DT Midstream from Overweight to Neutral
Goldman resumed coverage of DT Midstream with a rating of Sell and set a new price target of $46.00
Stifel initiated coverage of DT Midstream with a rating of Buy and set a new price target of $60.00
Mizuho upgraded DT Midstream from Neutral to Buy and set a new price target of $59.00 from $60.00 previously
Citigroup upgraded DT Midstream from Sell to Neutral and set a new price target of $54.00
Wells Fargo downgraded DT Midstream from Overweight to Equal Weight and set a new price target of $62.00 from $68.00 previously
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DETROIT, July 30, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced second quarter 2024 reported net income of $96 million, or $0.98 per diluted share. For the second quarter of 2024, Operating Earnings were also $96 million, or $0.98 per diluted share. Adjusted EBITDA for the quarter was $248 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Midstream Board of Directors declared a $0.735 per share dividend on its common stock payable October 15, 2024 to stockholders of record at the close of business September 16, 2
DETROIT, July 16, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce second quarter 2024 financial results before the market opens on Tuesday, July 30, 2024. DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 4749988. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com. Abou
DETROIT, April 30, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced first quarter 2024 reported net income of $97 million, or $0.99 per diluted share. For the first quarter of 2024, Operating Earnings were $97 million, or $0.99 per diluted share. Adjusted EBITDA for the quarter was $245 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Midstream Board of Directors declared a $0.735 per share dividend on its common stock payable July 15, 2024 to stockholders of record at the close of business June 17, 2024. "Our first quart
DETROIT, April 16, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce first quarter 2024 financial results before the market opens on Tuesday, April 30, 2024. DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 4749988. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com. About DT
DETROIT, April 01, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) announced today that it has published its annual Corporate Sustainability Report which outlines the company's environmental, social and governance accomplishments. David Slater, President and CEO stated: "Our sustainability report demonstrates our pledge to sustainable practices that are purposeful and authentic. By aligning these practices with the needs of our stakeholders, we are fortifying DT Midstream's long-term sustainability while making a positive impact in the communities where we live and work." The report can be found at DTMidstream.com/sustainability. About DT Midstream DT Midstream (NYSE:DTM) is a
DETROIT, Feb. 27, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) announced that its 2024 Annual Meeting of Stockholders will be Friday, May 10. Stockholders of record at the close of business Wednesday, March 13, 2024, are eligible to vote at the meeting. About DT Midstream DT Midstream (NYSE:DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based c
Full year 2023 Adjusted EBITDA of $924 million represents a 10% increase over the prior yearIncreased dividend by 7%Increased 2024 Adjusted EBITDA guidanceProvided 2025 Adjusted EBITDA early outlook DETROIT, Feb. 16, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced fourth quarter 2023 reported net income of $121 million, or $1.24 per diluted share. For the fourth quarter of 2023, Operating Earnings were $121 million, or $1.24 per diluted share. Adjusted EBITDA for the quarter was $239 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release.
DETROIT, Feb. 02, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce fourth quarter and full year 2023 financial results before the market opens on Friday, February 16, 2024. DT Midstream has scheduled a conference call to discuss results for 8:30 a.m. ET (7:30 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.330.2022, and the toll number is 646.960.0690; the passcode is 8347152. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream
DETROIT, Dec. 06, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) announced today the early mechanical completion of its Phase 2 LEAP expansion. The 400 MMcf/d expansion is now expected to be available for firm service on January 1, 2024. The Phase 2 expansion follows the successful Phase 1 expansion that was completed in August 2023, and will increase the overall capacity of LEAP to 1.7 Bcf/d. LEAP currently provides interconnectivity between Haynesville production and growing Gulf Coast markets. These domestic industrial and international LNG markets are expected to grow by over 11 Bcf/d by 2033. Customers on LEAP have access to multiple existing or under construction LNG termina
Updates 2023 Adjusted EBITDA guidance to $905 to $925 millionUpdates 2023 Distributable Cash Flow guidance to $650 to $675 millionAnnounces dividend of $0.69 per share DETROIT, Nov. 01, 2023 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced third quarter 2023 reported net income of $91 million, or $0.94 per diluted share. For the third quarter of 2023, operating earnings were $91 million, or $0.94 per diluted share. Adjusted EBITDA for the quarter was $236 million. Reconciliations of operating earnings and adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Midstream Board of Dire
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