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DT Midstream (DTM)
NYSE:DTM
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.95Last Year’s EPS
$1.24Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 16.28%
|Next Earnings Date:Feb 14, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with increased guidance and strategic expansions. However, there were minor setbacks including a decrease in quarterly EBITDA and regulatory delays in the carbon capture project.Company Guidance
During the DT Midstream Q3 2024 earnings call, management revised the 2024 adjusted EBITDA guidance range upwards to $950 million-$980 million, citing strong year-to-date performance. The company also reaffirmed its 2025 adjusted EBITDA outlook and announced a distributable cash flow guidance range increase to $670 million-$700 million. DT Midstream highlighted its progress on various projects, including the LEAP Phase 4 expansion, which will boost capacity by 200 million cubic feet per day, and an upsized project on the Stonewall system increasing capacity by 100 million cubic feet per day. The company maintained its growth capital guidance for 2024 at $330 million-$350 million and increased its 2025 committed capital to $310 million to support new projects. Additionally, DT Midstream was upgraded to investment grade by Fitch Ratings, reflecting its strong financial performance and strategic execution.Increased Adjusted EBITDA Guidance
DT Midstream increased its 2024 adjusted EBITDA guidance range to $950 million to $980 million and reaffirmed its 2025 adjusted EBITDA outlook.
Investment Grade Upgrade
Fitch Ratings upgraded DT Midstream to investment grade, a strategic goal since the company spun out in 2021.
LEAP Phase 4 Expansion
The company announced a final investment decision on the LEAP Phase 4 expansion, increasing capacity by 200 million cubic feet per day, expected to complete in the first half of 2026.
Stonewall System Upsizing
DT Midstream is upsizing its project connecting to the Mountain Valley Pipeline, increasing capacity by 100 million cubic feet per day.
Strong Financial Position
The company issued $800 million in new project level debt at Millennium Pipeline, reducing its term loan and now has no debt maturities for 5 years.
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DTM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $86.78 | $88.65 | +2.15% |
| Jul 30, 2024 | $72.97 | $73.40 | +0.59% |
| Apr 30, 2024 | $61.48 | $60.49 | -1.61% |
| Feb 16, 2024 | $50.35 | $52.53 | +4.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does DT Midstream (DTM) report earnings?
DT Midstream (DTM) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is DT Midstream (DTM) earnings time?
DT Midstream (DTM) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DTM EPS forecast?
DTM EPS forecast for the fiscal quarter 2024 (Q4) is $0.95.
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