DT Midstream Reports Strong First Quarter 2024 Results
DT Midstream, Inc. (DTM)
Company Research
Source: GlobeNewswire
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 quarter results give us a great start to the year,” said David Slater, President and CEO. “We also continue to advance new organic projects which support our future growth.” Slater noted the following significant business updates: Announced a new expansion of the Stonewall Gas Gathering system, inclu
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- Do DT Midstream's (NYSE:DTM) Earnings Warrant Your Attention? [Yahoo! Finance]Yahoo! Finance
- DT Midstream, Inc. (NYSE:DTM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- DT Midstream, Inc. (NYSE: DTM) had its price target raised by analysts at Stifel Nicolaus from $62.00 to $70.00. They now have a "buy" rating on the stock.MarketBeat
- DT Midstream, Inc. (NYSE: DTM) was downgraded by analysts at US Capital Advisors from an "overweight" rating to a "hold" rating.MarketBeat
- DT Midstream, Inc. (NYSE: DTM) had its price target raised by analysts at Mizuho from $57.00 to $65.00. They now have a "neutral" rating on the stock.MarketBeat
DTM
Earnings
- 4/30/24 - Beat
DTM
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- DTM's page on the SEC website