Dt Midstream, Inc. ( (DTM) ) has released its Q4 earnings. Here is a breakdown of the information Dt Midstream, Inc. presented to its investors.
DT Midstream, Inc. is a Detroit-based company that operates in the natural gas sector, focusing on the ownership, operation, and development of pipelines, storage, and gathering systems across the United States and Canada. The company is committed to transitioning towards net zero greenhouse gas emissions by 2050.
DT Midstream reported record financial results for 2024, with significant increases in both earnings and dividends. The company achieved a full-year adjusted EBITDA of $969 million and increased its dividend by 12%. Additionally, the company raised its 2025 adjusted EBITDA guidance, reflecting strong operational performance and strategic growth initiatives.
Key financial highlights include a fourth-quarter net income of $73 million and operating earnings of $94 million. The company also announced new agreements to support utility-scale power generation projects, further expanding its asset footprint. The successful completion of the largest acquisition in its history and key organic growth projects ahead of schedule contributed to these robust results.
Looking ahead, DT Midstream has increased its 2025 adjusted EBITDA guidance to a range of $1.095 to $1.155 billion, representing an 18% increase over the original 2024 guidance. The company also provided an early outlook for 2026, projecting adjusted EBITDA growth of 6% from 2025. Management expresses confidence in meeting future goals, supported by a strong financial position and an expanding project backlog.