DT Midstream(DTM)
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DT Midstream upgraded to Buy from Neutral at Citi
Thefly· 2024-11-21 17:40
Recommendations BellRing Brands price target raised by $5 at Barclays, here's why » BRBRBellRing Brands / + Available to The Fly Members OnlyBreaking content available to members only. Sign up or login for access.Create FREE AccountBarclays raised the… Earnings Baidu reports Q3 EPS RMB 16.60 vs. RMB 20.40 last year » BIDUBaidu $86.76 / +0.73 (+0.85%) Available to The Fly Members OnlyBreaking content available to members only. Sign up or login for access.Create FREE AccountReports Q3 revenue RMB ...
DT Midstream Announces Pricing of Upsized Public Offering of Common Stock
GlobeNewswire News Room· 2024-11-20 22:22
DETROIT, Nov. 20, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced the pricing of its previously announced underwritten registered public offering. The size of the offering increased from the previously announced $300,000,000 of shares of common stock to $366,125,000 of shares of the company’s common stock at a price to the public of $101 per share, for gross proceeds of approximately $366,125,000, before the underwriting discount and estimated offering expenses. Additionally, the Com ...
DT Midstream Announces Proposed Public Offering of Common Stock
GlobeNewswire News Room· 2024-11-20 06:26
DETROIT, Nov. 19, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) announced that it has commenced an underwritten public offering of $300 million of shares of common stock. In connection with this offering, the Company expects to grant the underwriters a 30-day option to purchase up to $45 million of additional shares of common stock at the public offering price, less the underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurances as ...
DT Midstream(DTM) - 2024 Q3 - Earnings Call Transcript
2024-10-30 00:37
财务数据和关键指标变化 - 第三季度调整后的EBITDA为2.41亿美元,较前一季度下降700万美元 [8] - 2024年调整后的EBITDA指导范围提高至9.5亿至9.8亿美元 [4][8] - 2024年可分配现金流指导范围提高至6.7亿至7亿美元 [8] 各条业务线数据和关键指标变化 - 管道部门的业绩较第二季度增加300万美元,反映出LEAP Phase 3扩展的全面贡献 [8] - 收集部门的业绩较第二季度下降1000万美元,主要由于第二季度的有利一次性项目未在第三季度重复 [8] 各个市场数据和关键指标变化 - 第三季度,海恩斯维尔和东北地区的总收集量平均约为29亿立方英尺/天,海恩斯维尔的量略有上升,而东北地区则有所下降 [8][17] - 预计第四季度收集量将较第三季度有所上升 [8][17] 公司战略和发展方向和行业竞争 - 公司在海恩斯维尔系统的扩展将增加每日200百万立方英尺的能力,预计在2026年上半年完成 [5] - 公司在路易斯安那州的碳捕集和封存项目正在进行详细工程设计,预计在2025年上半年做出最终投资决定 [7] - 公司专注于有机增长机会,并计划在2025年提供正式的指导 [9][10] 管理层对经营环境和未来前景的评论 - 管理层对天然气市场的基本面表示乐观,预计2025年LNG需求的增长将为天然气生产商提供更有利的环境 [7] - 管理层认为,海恩斯维尔的市场需求正在恢复,预计2025年将是生产商更具建设性的一年 [23] 其他重要信息 - 公司在本季度宣布每股分红为0.735美元,与前一季度持平 [9] - 公司在本季度通过发行8亿美元的新项目级债务进一步优化了资产负债表 [9] 问答环节所有提问和回答 问题: 关于2024年指导的提高 - 管理层表示,2024年的指导提高是基于今年的强劲表现和对第四季度的预期 [12] 问题: 关于路易斯安那州的连接性 - 管理层确认海恩斯维尔网络的互联互通性是其竞争优势,能够满足客户的市场机会 [14] 问题: 关于数据中心项目的进展 - 管理层表示,数据中心项目正在积极推进,尚未达成商业协议,但进展良好 [16] 问题: 关于东北地区的收集量 - 管理层提到,东北地区的收集量在过去几个季度有所下降,但预计第四季度会有所恢复 [17] 问题: 关于NEXUS的扩展能力 - 管理层表示,NEXUS系统的扩展将分为两个阶段,第一阶段已完成,第二阶段将进行资本驱动的扩展 [25] 问题: 关于碳捕集项目的进展 - 管理层表示,碳捕集项目的最终投资决定预计将在2025年上半年做出,目前正在等待监管机构的指导 [37]
DT Midstream(DTM) - 2024 Q3 - Quarterly Report
2024-10-29 23:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40392 DT Midstream, Inc. Delaware 38-2663964 (State or other jurisdiction of incorporation or organization) (I.R.S Employer I ...
DT Midstream Reports Strong Third Quarter 2024 Results; Raises Adjusted EBITDA Guidance
GlobeNewswire News Room· 2024-10-29 19:30
DETROIT, Oct. 29, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced third quarter 2024 reported net income of $88 million, or $0.90 per diluted share. For the third quarter of 2024, Operating Earnings were also $88 million, or $0.90 per diluted share. Adjusted EBITDA for the quarter was $241 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Mi ...
DT Midstream(DTM) - 2024 Q3 - Quarterly Results
2024-10-29 18:46
NEWS RELEASE DT Midstream Reports Strong Third Quarter 2024 Results; Raises Adjusted EBITDA Guidance DETROIT, Oct. 29, 2024 – DT Midstream, Inc. (NYSE: DTM) today announced third quarter 2024 reported net income of $88 million, or $0.90 per diluted share. For the third quarter of 2024, Operating Earnings were also $88 million, or $0.90 per diluted share. Adjusted EBITDA for the quarter was $241 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are ...
DT Midstream to Announce Third Quarter 2024 Financial Results, Schedules Earnings Call
GlobeNewswire News Room· 2024-10-15 18:45
DETROIT, Oct. 15, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce third quarter 2024 financial results before the market opens on Tuesday, October 29, 2024. DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number i ...
'Low' Yield? No Problem!
Seeking Alpha· 2024-10-08 03:15
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . When it comes to buying midstream stocks, most investors have one thing in common: they are looking for income. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within ...
DT Midstream(DTM) - 2024 Q2 - Earnings Call Presentation
2024-07-30 23:53
业绩总结 - 2024年第二季度净收入为9600万美元,调整后的EBITDA为2.48亿美元[6][69] - 2024年调整后的EBITDA指引范围为9.3亿至9.8亿美元[6][79] - 2025年调整后的EBITDA初步展望为9.8亿至10.4亿美元[6] - 2020年至2023年调整后的EBITDA复合年增长率为9%[10] - DTM同行公司的2024年股息覆盖比率为2.4倍,3年分配复合年增长率为7%[11] - 预计长期调整后的EBITDA增长率为5-7%[82] 用户数据 - 管道业务占比65%,采集业务占比35%[9] - DTM同行公司中,100%为优质投资组合,约90%专注于天然气[12] - 平均合同期限约为9年,有机增长项目积压额为5-8倍建设倍数[13] 未来展望 - 2024年Haynesville和Appalachia产量预计将显著增长[85] - 预计长期调整后的EBITDA增长率为5-7%[82] 新产品和新技术研发 - 公司致力于实施领先的ESG计划,包括推进碳捕获利用技术和过渡到净零温室气体排放[89] 市场扩张和并购 - DTM位于战略位置,有利于受益于LNG和电力需求增长[17] 负面信息 - 2024年6月30日,公司的可分配现金流为160亿美元,较上季度下降了29.5%[117]