DT Midstream, Inc. (DTM)

NYSE: DTM · Real-Time Price · USD
112.48
+0.21 (0.19%)
Jan 17, 2025, 4:00 PM EST - Market closed
0.19%
Market Cap 11.40B
Revenue (ttm) 976.00M
Net Income (ttm) 402.00M
Shares Out 101.32M
EPS (ttm) 4.11
PE Ratio 27.37
Forward PE 28.92
Dividend $2.94 (2.61%)
Ex-Dividend Date Dec 16, 2024
Volume 591,325
Open 111.44
Previous Close 112.27
Day's Range 111.29 - 112.86
52-Week Range 51.17 - 112.86
Beta 0.82
Analysts Hold
Price Target 91.80 (-18.39%)
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]

Sector Energy
Founded 2021
Employees 402
Stock Exchange NYSE
Ticker Symbol DTM
Full Company Profile

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 Statements

Analyst Forecast

According to 11 analysts, the average rating for DTM stock is "Hold." The 12-month stock price forecast is $91.8, which is a decrease of -18.39% from the latest price.

Price Target
$91.8
(-18.39% downside)
Analyst Consensus: Hold
Stock Forecasts

News

DT Midstream Announces Closing of Midwest Pipeline Acquisition

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 transmis...

20 days ago - GlobeNewsWire

ONEOK Closes Sale of Wholly Owned Interstate Natural Gas Pipelines

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...

Other symbols: OKE
20 days ago - PRNewsWire

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.

4 weeks ago - Benzinga

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...

6 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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 ...

2 months ago - GlobeNewsWire

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.

Other symbols: OKE
2 months ago - Reuters

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...

Other symbols: OKE
2 months ago - PRNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - Seeking Alpha

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...

2 months ago - GlobeNewsWire

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.

3 months ago - Seeking Alpha

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.

3 months ago - GlobeNewsWire

'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...

3 months ago - Seeking Alpha

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...

Other symbols: AMCAPLCQPDKLENBENLCEPD
3 months ago - Seeking Alpha

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 ...

6 months ago - Seeking Alpha

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 ...

6 months ago - GlobeNewsWire

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.

6 months ago - GlobeNewsWire

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...

6 months ago - Seeking Alpha

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...

9 months ago - Seeking Alpha

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...

9 months ago - GlobeNewsWire

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.

9 months ago - GlobeNewsWire

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, ...

10 months ago - GlobeNewsWire