DT Midstream Reports Strong Fourth Quarter 2023 Results; Raises Dividend and 2024 Adjusted EBITDA Guidance [Yahoo! Finance]
DT Midstream, Inc. (DTM)
Company Research
Source: Yahoo! Finance
Increased 2024 Adjusted EBITDA guidance Provided 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, completing key expansions ahead of schedule and on budget. These projects will deliver strong growth over the next two years.” Slater noted the followin
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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 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