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Jun 30, 2023

DT Midstream Q2 2023 Earnings Report

Reported strong second quarter results and announced new Ohio Utica investment.

Key Takeaways

DT Midstream reported a net income of $91 million, or $0.93 per diluted share, for the second quarter of 2023. Adjusted EBITDA for the quarter was $224 million. The company's Board of Directors declared a dividend of $0.69 per share.

Reported net income of $91 million, or $0.93 per diluted share, for Q2 2023.

Operating earnings were $91 million, or $0.93 per diluted share for Q2 2023.

Adjusted EBITDA for the quarter was $224 million.

Declared a $0.69 per share dividend on its common stock payable October 15, 2023.

Total Revenue
$224M
Previous year: $227M
-1.3%
EPS
$0.93
Previous year: $0.8
+16.3%
Adjusted EBITDA
$224M
Previous year: $205M
+9.3%
Gross Profit
$164M
Previous year: $164M
+0.0%
Cash and Equivalents
$45M
Previous year: $345M
-87.0%
Free Cash Flow
-$48M
Previous year: $110M
-143.6%
Total Assets
$8.73B
Previous year: $8.29B
+5.3%

DT Midstream

DT Midstream