NYSE$DTM
DT Midstream Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported strong results driven by solid business performance and progress on construction projects.
DT Midstream reported a strong second quarter with a net income of $96 million, or $0.98 per diluted share. The company's performance is on track with its full-year plan, and it is making significant progress on construction projects and advancing new opportunities.
- Net income for the second quarter of 2024 was $96 million, or $0.98 per diluted share.
- Operating Earnings for the second quarter of 2024 were $96 million, or $0.98 per diluted share.
- Adjusted EBITDA for the quarter was $248 million.
- The DT Midstream Board of Directors declared a $0.735 per share dividend payable October 15, 2024.
Headline financials
Revenue & EPS history
DT Midstream · Revenue · Quarterly
$244M
Revenue by segment
DT Midstream · $220M total across 2 segments · Q1 2023
- Gathering Segment$135M-2.2%61.4%
- Pipeline Segment$85M+10.4%38.6%
Forward guidance
The company is on track to meet its financial goals for 2024, supported by the durability of its business and progress on construction projects.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.3%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+3.0%
Avg return
30 days after
46%
11 / 24 earnings
Positive
+6.4%
Q3 2023
Best reaction
-7.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | +5.5% | +0.8% | |
| Q4 2025 | -0.9% | +2.8% | -1.2% | |
| Q3 2025 | +3.1% | +3.6% | +14.1% | |
| Q1 2025 | -1.3% | +3.1% | +6.3% | |
| Q4 2024 | -0.9% | -1.3% | +1.0% | |
| Q3 2024 | +4.0% | +1.8% | +21.0% | |
| Q2 2024 | +1.5% | -1.8% | +5.1% | |
| Q1 2024 | -2.5% | -0.4% | +4.5% | |
| Q4 2023 | +6.1% | +8.3% | +9.8% | |
| Q3 2023 | +6.4% | +3.7% | +6.5% | |
| Q2 2023 | -3.6% | -2.6% | -2.3% | |
| Q1 2023 | -7.1% | -4.3% | -5.8% | |
| Q4 2022 | -5.4% | -8.6% | -15.2% | |
| Q3 2022 | +4.8% | +5.1% | +5.0% | |
| Q2 2022 | -2.4% | +1.3% | +1.7% | |
| Q1 2022 | -4.5% | -10.0% | -0.3% | |
| Q1 2021 | -4.5% | -10.0% | -0.3% | |
| Q4 2019 | +6.1% | +12.2% | +9.7% | |
| Q4 2021 | +6.1% | +12.2% | +9.7% | |
| Q3 2020 | +2.9% | +1.5% | -3.3% | |
| Q3 2021 | +2.9% | +1.5% | -3.3% | |
| Q2 2021 | -1.5% | -4.3% | +3.0% | |
| Q2 2020 | -1.5% | -4.3% | +3.0% | |
| Q4 2020 | -1.5% | -4.3% | +3.0% | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro