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Jun 30, 2022

DT Midstream Q2 2022 Earnings Report

Reported strong second quarter results and announced next phase Haynesville expansion.

Key Takeaways

DT Midstream reported a net income of $91 million, or $0.93 per diluted share, for the second quarter of 2022. Operating earnings were $79 million, or $0.80 per diluted share. Adjusted EBITDA for the quarter was $205 million.

Net income for the second quarter of 2022 was $91 million, or $0.93 per diluted share.

Operating earnings for the second quarter of 2022 were $79 million, or $0.80 per diluted share.

Adjusted EBITDA for the quarter was $205 million.

The company's Board of Directors declared a $0.64 per share dividend on its common stock.

Total Revenue
$227M
Previous year: $208M
+9.1%
EPS
$0.8
Previous year: $0.91
-12.1%
Adjusted EBITDA
$205M
Gross Profit
$164M
Previous year: $208M
-21.2%
Cash and Equivalents
$345M
Previous year: $37M
+832.4%
Free Cash Flow
$110M
Previous year: $132M
-16.7%
Total Assets
$8.29B
Previous year: $7.99B
+3.8%

DT Midstream

DT Midstream

Forward Guidance

DT Midstream provided 2022 and 2023 Adjusted EBITDA guidance.