DT Midstream Reports Strong Fourth Quarter 2023 Results; Raises Dividend and 2024 Adjusted EBITDA Guidance
DT Midstream, Inc. (DTM)
Company Research
Source: GlobeNewswire
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. “As a result of a great team effort, we delivered excellent results in 2023, exceeding our guidance. I want to thank each employee for their contribution,” said David Slater, President and CEO. “We successfully executed on the largest construction program in our history last year, c
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- 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 Reports Strong First Quarter 2024 ResultsGlobeNewswire
DTM
Earnings
- 4/30/24 - Beat
DTM
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 3/28/24 - Form ARS
- DTM's page on the SEC website