DT Midstream Achieves Milestones with Record Earnings and Growth

Author: Owen Jenkins Updated: 02-26-2025 07:43 AM

DT Midstream Reports Impressive 2024 Achievements

DT Midstream, Inc. (NYSE: DTM) recently celebrated a remarkable year with outstanding financial outcomes for 2024. The company reported an impressive adjusted EBITDA of $969 million for the entire year, reflecting significant growth and successful operational strategies.

Key Financial Highlights

For the fourth quarter of 2024, DT Midstream announced a reported net income of $73 million, resulting in a $0.73 per diluted share. Additionally, the operating earnings for this quarter stood at $94 million or $0.94 per diluted share, while the adjusted EBITDA reached an impressive $235 million. These achievements underscore the company’s robust performance and commitment to financial excellence.

Dividend Increase and Guidance Update

In a move to reward shareholders, DT Midstream increased its dividend by 12%, from the fourth quarter of 2024 to $0.82 per share. This increase is set to be distributed to stockholders on a scheduled date, demonstrating the company's dedication to return value to its investors. Furthermore, the company has provided an enhanced adjusted EBITDA guidance range for 2025, now estimated between $1.095 billion and $1.155 billion, marking an 18% increase over previous expectations.

Expansion and New Projects

DT Midstream has also made strategic advancements by securing agreements for two new projects aimed at servicing utility-scale power generation. These initiatives will enable DT Midstream to cater to the increasing demand for natural gas and energy production, fostering growth across its operational footprint.

Commitment to Sustainability

Another noteworthy aspect of DT Midstream's strategy is its commitment to environmental sustainability. The company is actively transitioning towards net zero greenhouse gas emissions by 2050, with a plan to achieve a 30% reduction in emissions by 2030. This forward-thinking approach positions DT Midstream as a responsible leader in the energy sector, aligning with the global push for cleaner energy solutions.

Financial Outlook and Confidence

Executives at DT Midstream expressed high confidence in the company’s future performance, citing a robust organic project backlog and a flexible balance sheet. Jeff Jewell, Executive Vice President and CFO, emphasized that the favorable financial results for 2024, coupled with an expanded asset footprint, solidify the company’s capability to meet its strategic goals in the coming years.

Frequently Asked Questions

What were DT Midstream's total earnings for 2024?

DT Midstream reported a total net income of $354 million for the year 2024.

How much has DT Midstream increased its dividend?

DT Midstream raised its dividend by 12%, bringing it to $0.82 per share.

What is the adjusted EBITDA guidance for 2025?

The adjusted EBITDA guidance for 2025 has been updated to between $1.095 billion and $1.155 billion.

What new projects is DT Midstream involved in?

DT Midstream has secured agreements for two new projects focused on serving utility-scale power generation.

How is DT Midstream addressing environmental concerns?

DT Midstream aims to reach net zero greenhouse gas emissions by 2050, with a target of reducing emissions by 30% by 2030.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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