NYSE$DTM

DT Midstream Inc. · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

DT Midstream reported record results for Q4 2024, driven by strategic acquisitions and organic growth.

DT Midstream reported net income of $73 million for Q4 2024, with EPS of $0.73 and operating earnings of $94 million, or $0.94 per share. Adjusted EBITDA for the quarter was $235 million, reflecting continued success in organic growth projects and acquisitions.

  • Net income for Q4 2024 was $73 million.
  • EPS was reported at $0.73, with operating earnings of $0.94 per share.
  • Adjusted EBITDA for the quarter totaled $235 million.
  • Announced increased dividend by 12% to $0.82 per share.

Headline financials

Total Revenue

$0.00

Previous: $244M-100.0%
EPS (adj)

$0.94

Previous: $1.24-24.2%
Adjusted EBITDA

$288M

No prior period
Net Income

$73M

Previous: $121M-39.7%
Operating Income

$94M

Previous: $121M-22.3%

Revenue & EPS history

DT Midstream · Revenue · Quarterly

$0

Q4 2024-100%vs Q4 2023
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%

Forward guidance

DT Midstream expects significant growth in 2025, driven by increased adjusted EBITDA guidance and strategic projects.

Tailwinds

  • Increased 2025 adjusted EBITDA guidance range to $1.095-$1.155 billion.
  • Projected 2026 adjusted EBITDA early outlook of $1.155-$1.225 billion.
  • 12% increase in quarterly dividend to $0.82 per share.
  • Strong pipeline for future organic growth projects.
  • Continued focus on expanding the asset footprint.

Headwinds

  • Potential economic headwinds impacting the energy sector.
  • Increased interest expenses projected for 2025.
  • Higher costs associated with planned capital investments.
  • Potential regulatory challenges impacting future projects.
  • Ongoing market volatility affecting commodity prices.

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 2024

Historical avgQ4 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

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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