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DT Midstream ( (DTM) ) just unveiled an update.
DT Midstream successfully completed the acquisition of three natural gas transmission pipelines from ONEOK, Inc. for $1.2 billion, increasing its pipeline segment revenue supported by strong utility customer contracts. This acquisition aligns with DT Midstream’s strategy and expands its operations in the Midwest, enhancing its market positioning and operational capacity.
More about DT Midstream
DT Midstream is a Detroit-based company specializing in the ownership, operation, and development of natural gas pipelines, storage, and gathering systems across the Southern, Northeastern, and Midwestern United States and Canada. The company provides comprehensive services including natural gas transportation, storage, and gathering, while aiming for net zero greenhouse gas emissions by 2050.
YTD Price Performance: 90.24%
Average Trading Volume: 849,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.09B
For an in-depth examination of DTM stock, go to TipRanks’ Stock Analysis page.
