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Mar 31, 2024

DT Midstream Q1 2024 Earnings Report

Reported strong financial results and advanced new organic projects.

Key Takeaways

DT Midstream reported a net income of $97 million, or $0.99 per diluted share, for the first quarter of 2024. The company's Adjusted EBITDA for the quarter was $245 million. DT Midstream's board of directors declared a dividend of $0.735 per share.

Reported net income of $97 million, or $0.99 per diluted share.

Operating Earnings were $97 million, or $0.99 per diluted share.

Adjusted EBITDA was $245 million.

Declared a dividend of $0.735 per share.

Total Revenue
$240M
Previous year: $220M
+9.1%
EPS
$0.99
Previous year: $0.84
+17.9%
Adjusted EBITDA
$245M
Gross Profit
$136M
Previous year: $162M
-16.0%
Cash and Equivalents
$41M
Previous year: $95M
-56.8%
Free Cash Flow
$171M
Previous year: $16M
+968.8%
Total Assets
$8.95B
Previous year: $8.98B
-0.3%

DT Midstream

DT Midstream

Forward Guidance

The company is firmly on track for 2024.