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Jun 30, 2024

DT Midstream Q2 2024 Earnings Report

Reported strong results driven by solid business performance and progress on construction projects.

Key Takeaways

DT Midstream reported a strong second quarter with a net income of $96 million, or $0.98 per diluted share. The company's performance is on track with its full-year plan, and it is making significant progress on construction projects and advancing new opportunities.

Net income for the second quarter of 2024 was $96 million, or $0.98 per diluted share.

Operating Earnings for the second quarter of 2024 were $96 million, or $0.98 per diluted share.

Adjusted EBITDA for the quarter was $248 million.

The DT Midstream Board of Directors declared a $0.735 per share dividend payable October 15, 2024.

Total Revenue
$244M
Previous year: $224M
+8.9%
EPS
$0.98
Previous year: $0.93
+5.4%
Adjusted EBITDA
$248M
Previous year: $224M
+10.7%
Gross Profit
$139M
Previous year: $164M
-15.2%
Cash and Equivalents
$73M
Previous year: $45M
+62.2%
Free Cash Flow
$93M
Previous year: -$48M
-293.8%
Total Assets
$8.99B
Previous year: $8.73B
+3.0%

DT Midstream

DT Midstream

Forward Guidance

The company is on track to meet its financial goals for 2024, supported by the durability of its business and progress on construction projects.