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 |
|---|---|---|---|
| 3/24/2025 | $110.00 | Buy | BofA Securities |
| 3/12/2025 | $102.00 | Buy | UBS |
| 1/10/2025 | $112.00 | Equal Weight | Barclays |
| 12/19/2024 | $89.00 → $106.00 | Hold → Buy | Stifel |
| 11/21/2024 | $90.00 → $115.00 | Neutral → Buy | Citigroup |
| 10/30/2024 | $78.00 → $89.00 | Buy → Hold | Stifel |
| 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 |
8-K - DT Midstream, Inc. (0001842022) (Filer)
8-K - DT Midstream, Inc. (0001842022) (Filer)
10-Q - DT Midstream, Inc. (0001842022) (Filer)
8-K - DT Midstream, Inc. (0001842022) (Filer)
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10-K - DT Midstream, Inc. (0001842022) (Filer)
8-K - DT Midstream, Inc. (0001842022) (Filer)
8-K - DT Midstream, Inc. (0001842022) (Filer)
DETROIT, May 20, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) announced that it has achieved an investment grade rating with two agencies: Moody's Ratings upgraded DTM's credit rating to Baa3 with a stable outlook on May 16, 2025; andFitch Ratings upgraded DTM's credit rating to BBB- with a stable outlook on October 3, 2024. With investment grade ratings from these two credit agencies, DTM expects an improvement in liquidity and reduced interest expense. "Achievement of an investment grade credit rating was a strategic goal we had since we became a standalone public company," said David Slater, President and CEO. "The ratings upgrades are a recognition of the strength of our b
DETROIT, April 30, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced first quarter 2025 reported net income of $108 million, or $1.06 per diluted share. For the first quarter of 2025, Operating Earnings were $108 million, or $1.06 per diluted share. Adjusted EBITDA for the quarter was $280 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 $0.82 per share dividend on its common stock payable July 15, 2025 to stockholders of record at the close of business June 16, 2025. "Our first qu
DETROIT, April 16, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce first quarter 2025 financial results before the market opens on Wednesday, April 30, 2025. 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 9881735. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com. About D
Full year 2024 Adjusted EBITDA of $969 millionIncreased dividend by 12%Increased 2025 Adjusted EBITDA guidanceAnnounced new agreements to serve utility-scale power generation projects DETROIT, Feb. 26, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced fourth quarter 2024 reported net income of $73 million, or $0.73 per diluted share. For the fourth quarter of 2024, Operating Earnings were $94 million, or $0.94 per diluted share. Adjusted EBITDA for the quarter was $235 million. Full year 2024 reported net income was $354 million, or $3.60 per diluted share. For full year 2024, Operating Earnings were $375 millio
DETROIT, Feb. 19, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) announced that its 2025 Annual Meeting of Stockholders will be Tuesday, May 6. Stockholders of record at the close of business Wednesday, March 12, 2025, 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-bas
DETROIT, Feb. 12, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce fourth quarter and full year 2024 financial results before the market opens on Wednesday, February 26, 2025. 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 9645886. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstr
DETROIT, Dec. 31, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced that it has successfully closed on the acquisition of a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK, Inc. (NYSE:OKE), effective as of 11:59 p.m. CT on Dec. 31, 2024, for a total cash consideration of $1.2 billion. "The bolt-on acquisition of these premier pipelines is fully aligned with our pure play natural gas strategy," said David Slater, DT Midstream President and CEO. "This acquisition also increases the revenue contribution from our pipeline segment, supported by take-or-pay contracts with strong credit quality utility customers." "We are happy to have on boa
Guardian, Midwestern and Viking Gas Transmission Pipelines Sold to DT Midstream for $1.2 Billion TULSA, Okla., Dec. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced that it has closed the sale of its three wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. (NYSE:DTM), effective as of 11:59 p.m. Central on Dec. 31, 2024, for a total cash consideration of $1.2 billion, subject to customary adjustments. "The closing of this transaction represents another milestone in the strategic optimization of our integrated asset portfolio and advances o
DETROIT, Dec. 06, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. ("DT Midstream" or the "Company") (NYSE:DTM) today announced that it has closed the previously announced offering (the "Offering") of $650,000,000 of 5.800% Senior Secured Notes due 2034 (the "Notes"). The Notes were issued by DT Midstream, guaranteed by certain of DT Midstream's subsidiaries and secured by a first priority lien on certain assets of DT Midstream and its subsidiary guarantors that secure DT Midstream's existing credit facilities and existing senior secured notes. DT Midstream intends to use the net proceeds from the sale of the Notes, together with the proceeds from its recently completed offering of common stoc
DETROIT, Nov. 21, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. ("DT Midstream" or the "Company") (NYSE:DTM) today announced that it has priced an offering (the "Offering") of $650,000,000 of 5.800% Senior Secured Notes due 2034 (the "Notes"). The Notes will be issued by DT Midstream, guaranteed by certain of DT Midstream's subsidiaries and secured by a first priority lien on certain assets of DT Midstream and its subsidiary guarantors that secure DT Midstream's existing credit facilities and existing senior secured notes. The Offering is expected to close on December 6, 2024, subject to the satisfaction of customary closing conditions. DT Midstream intends to use the net proceeds from the
DETROIT, April 30, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced first quarter 2025 reported net income of $108 million, or $1.06 per diluted share. For the first quarter of 2025, Operating Earnings were $108 million, or $1.06 per diluted share. Adjusted EBITDA for the quarter was $280 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 $0.82 per share dividend on its common stock payable July 15, 2025 to stockholders of record at the close of business June 16, 2025. "Our first qu
DETROIT, April 16, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce first quarter 2025 financial results before the market opens on Wednesday, April 30, 2025. 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 9881735. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com. About D
Full year 2024 Adjusted EBITDA of $969 millionIncreased dividend by 12%Increased 2025 Adjusted EBITDA guidanceAnnounced new agreements to serve utility-scale power generation projects DETROIT, Feb. 26, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced fourth quarter 2024 reported net income of $73 million, or $0.73 per diluted share. For the fourth quarter of 2024, Operating Earnings were $94 million, or $0.94 per diluted share. Adjusted EBITDA for the quarter was $235 million. Full year 2024 reported net income was $354 million, or $3.60 per diluted share. For full year 2024, Operating Earnings were $375 millio
DETROIT, Feb. 12, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce fourth quarter and full year 2024 financial results before the market opens on Wednesday, February 26, 2025. 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 9645886. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstr
In a release issued under the same headline earlier today by DT Midstream, Inc. (NYSE:DTM), please note that in the "Conference Call" paragraph of the release, the call time should be 9:30 a.m. ET (8:30 a.m. CT) on Wednesday, November 20, rather than 8:00 a.m. ET (7:00 a.m. CT) as previously stated. The corrected release follows: DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas Pipelines Three regulated natural gas transmission pipelines with total capacity of more than 3.7 Bcf/d across the Upper Midwest Premier assets with a high-quality demand-pull customer baseConnected to DTM's existing assets and strategically located to take advantage of
Three regulated natural gas transmission pipelines with total capacity of more than 3.7 Bcf/d across the Upper Midwest Premier assets with a high-quality demand-pull customer baseConnected to DTM's existing assets and strategically located to take advantage of strong power demand fundamentals DETROIT, Nov. 19, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced that it has reached an agreement to acquire a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK, Inc. (NYSE:OKE) for $1.2 billion. The pipelines have a total capacity of more than 3.7 Bcf/d with approximately 1,300 miles across seven states in the attractive Midwest market region
DETROIT, Oct. 29, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) today announced third quarter 2024 reported net income of $88 million, or $0.90 per diluted share. For the third quarter of 2024, Operating Earnings were also $88 million, or $0.90 per diluted share. Adjusted EBITDA for the quarter was $241 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 January 15, 2025 to stockholders of record at the close of business December 16, 2024. "We c
DETROIT, Oct. 15, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE:DTM) plans to announce third quarter 2024 financial results before the market opens on Tuesday, October 29, 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, 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
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BofA Securities initiated coverage of DT Midstream with a rating of Buy and set a new price target of $110.00
UBS initiated coverage of DT Midstream with a rating of Buy and set a new price target of $102.00
Barclays initiated coverage of DT Midstream with a rating of Equal Weight and set a new price target of $112.00
Stifel upgraded DT Midstream from Hold to Buy and set a new price target of $106.00 from $89.00 previously
Citigroup upgraded DT Midstream from Neutral to Buy and set a new price target of $115.00 from $90.00 previously
Stifel downgraded DT Midstream from Buy to Hold and set a new price target of $89.00 from $78.00 previously
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
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
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