NYSE$DTM

DT Midstream Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

DT Midstream reported strong results and raised adjusted EBITDA guidance for 2023.

DT Midstream reported a net income of $85 million, or $0.88 per diluted share, for the fourth quarter of 2022. Operating Earnings were $91 million, or $0.93 per diluted share. Adjusted EBITDA for the quarter was $227 million.

  • DT Midstream delivered excellent results in 2022 due to a great team effort.
  • Commercial successes are expected to deliver strong growth over the next two years.
  • The company has high confidence in meeting its goals for this year and beyond.
  • DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030.

Headline financials

Total Revenue

$243M

Previous: $223M+9.0%
EPS (adj)

$0.93

Previous: $0.89+4.5%
Adjusted EBITDA

$227M

No prior period
Capital Expenditures

$165M

Previous: $44M+275.0%
Free Cash Flow

-$14M

Previous: $64M-121.9%
Net Income

$85M

Previous: $87M-2.3%
Operating Income

$161M

Previous: $110M+46.4%
Gross Profit

-$24M

Previous: $115M-120.9%
Cash & Equivalents

$61M

Previous: $132M-53.8%
Total Assets

$8.83B

Previous: $8.17B+8.2%
Stock-Based Comp

$4M

Previous: $12M-66.7%

Revenue & EPS history

DT Midstream · Revenue · Quarterly

$243M

Q4 2022+9%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

DT Midstream · $220M total across 2 segments · Q1 2023

  • Gathering Segment
    $135M-2.2%
  • Pipeline Segment
    $85M+10.4%

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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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

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