DT Midstream, Inc. (DTM)
Market Cap | 10.22B |
Revenue (ttm) | 976.00M |
Net Income (ttm) | 402.00M |
Shares Out | 101.32M |
EPS (ttm) | 4.11 |
PE Ratio | 24.56 |
Forward PE | 25.60 |
Dividend | $2.94 (2.91%) |
Ex-Dividend Date | Dec 16, 2024 |
Volume | 1,887,433 |
Open | 97.55 |
Previous Close | 97.53 |
Day's Range | 97.55 - 101.45 |
52-Week Range | 51.17 - 109.85 |
Beta | 0.80 |
Analysts | Hold |
Price Target | 89.56 (-11.25%) |
Earnings Date | Feb 14, 2025 |
About DTM
DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines. This segment also engages in the transportation and storage of natural gas for intermediate and end-user customers. The Gathering segment owns and operates gas gathering systems. This segment is involved in the collect... [Read more]
Financial Performance
In 2023, DT Midstream's revenue was $922.00 million, an increase of 0.22% compared to the previous year's $920.00 million. Earnings were $384.00 million, an increase of 3.78%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for DTM stock is "Hold." The 12-month stock price forecast is $89.56, which is a decrease of -11.25% from the latest price.
News
Stifel Sees Opportunity In DT Midstream Pullback: Upgrades Rating On Diversified Growth Potential
Stifel analyst Selman Akyol upgraded DT Midstream, Inc. DTM to Buy from Hold and raised the price target to $106 from $89.
DT Midstream Announces Closing of Offering of Senior Secured Notes
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 $65...
DT Midstream Announces Pricing of Offering of Senior Secured Notes
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% Se...
DT Midstream Announces Pricing of Upsized Public Offering of Common Stock
DETROIT, Nov. 20, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced the pricing of its previously announced underwritten registered public offering. The size of the offering incr...
CORRECTION - DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas Pipelines
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...
DT Midstream Announces Proposed Public Offering of Common Stock
DETROIT, Nov. 19, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) announced that it has commenced an underwritten public offering of $300 million of shares of common stock. In connection with ...
DT Midstream to buy three natgas pipelines from ONEOK for $1.2 bln
Pipeline operator DT Midstream said on Tuesday it would acquire a portfolio of three natural gas transmission pipelines from ONEOK for $1.2 billion in cash.
ONEOK Announces Agreement to Sell Wholly Owned Interstate Natural Gas Pipelines to DT Midstream
Assets to be Sold Include Guardian, Midwestern and Viking Gas Transmission TULSA, Okla. , Nov. 19, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") today announced that it has executed a definit...
DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas Pipelines
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 pipel...
DT Midstream, Inc. (DTM) Q3 2024 Earnings Call Transcript
DT Midstream, Inc. (NYSE:DTM) Q3 2024 Earnings Conference Call October 29, 2024 9:00 AM ET Company Participants Todd Lohrmann - Director of IR David Slater - President and CEO Jeff Jewell - EVP and C...
DT Midstream Reports Strong Third Quarter 2024 Results; Raises Adjusted EBITDA Guidance
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 20...
Very Good News For Big Dividend Infrastructure Stocks
Big dividend infrastructure stocks have surged recently. We discuss the two major catalysts for this surge. We also share several opportunities that remain very attractive in the space.
DT Midstream to Announce Third Quarter 2024 Financial Results, Schedules Earnings Call
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.
'Low' Yield? No Problem!
DT Midstream offers a stable revenue stream with 90% of income from take-or-pay contracts, shielding it from volatile commodity prices. Despite a lower 3.5% yield, DTM impresses with 7% annual dividen...
Midstream Energy - Relative Quality
Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of...
DT Midstream, Inc. (DTM) Q2 2024 Earnings Call Transcript
DT Midstream, Inc. (NYSE:DTM) Q2 2024 Earnings Conference Call July 30, 2024 9:00 AM ET Company Participants Todd Lohrmann - Director, Investor Relations David Slater - President and Chief Executive ...
DT Midstream Reports Strong Second Quarter 2024 Results
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 ...
DT Midstream to Announce Second Quarter 2024 Financial Results, Schedules Earnings Call
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: The 4% Yielding Dividend Grower You Probably Didn't Know
DT Midstream offers a compelling investment case with a mix of utility-like stability and midstream growth potential. Despite a lower yield than peers, DTM's growth projects, including pipeline expans...
DT Midstream, Inc. (DTM) Q1 2024 Earnings Call Transcript
DT Midstream, Inc. (NYSE:DTM) Q1 2024 Results Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Todd Lohrmann - Director, Investor Relations David Slater - President and Chief E...
DT Midstream Reports Strong First Quarter 2024 Results
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 2...
DT Midstream to Announce First Quarter 2024 Financial Results, Schedules Earnings Call
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 Publishes Annual Sustainability Report
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, ...
DT Midstream Sets 2024 Annual Meeting Date
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...