The latest update is out from DT Midstream ( (DTM) ).
On February 26, 2025, DT Midstream reported record financial results for 2024, with a full-year adjusted EBITDA of $969 million and net income of $354 million. The company announced a 12% increase in its quarterly dividend to $0.82 per share, payable on April 15, 2025, and raised its 2025 adjusted EBITDA guidance to a range of $1.095 to $1.155 billion. Additionally, DT Midstream executed agreements for new projects to serve utility-scale power generation, reflecting its strong market positioning and commitment to growth.
More about DT Midstream
DT Midstream is a Detroit-based company that operates in the natural gas sector, focusing on interstate and intrastate pipelines, storage, and gathering systems. It provides services such as natural gas transportation, storage, and gathering to utilities, power plants, marketers, large industrial customers, and energy producers across the Southern, Northeastern, and Midwestern United States and Canada. The company is committed to transitioning towards net zero greenhouse gas emissions by 2050, with a target of reducing carbon emissions by 30% by 2030.
YTD Price Performance: -4.68%
Average Trading Volume: 926,301
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.77B
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