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Sep 30, 2022

DT Midstream Q3 2022 Earnings Report

Reported strong results and raised adjusted EBITDA guidance.

Key Takeaways

DT Midstream reported a net income of $113 million, or $1.16 per diluted share, and an adjusted EBITDA of $207 million for Q3 2022. The company is increasing its Adjusted EBITDA guidance for 2022 and its early outlook for 2023.

Net income was $113 million, or $1.16 per diluted share.

Operating earnings were $88 million, or $0.90 per diluted share.

Adjusted EBITDA was $207 million.

Adjusted EBITDA guidance for 2022 was raised.

Total Revenue
$235M
Previous year: $212M
+10.8%
EPS
$0.9
Previous year: $0.78
+15.4%
Adjusted EBITDA
$207M
Gross Profit
$170M
Previous year: $154M
+10.4%
Cash and Equivalents
$355M
Previous year: $128M
+177.3%
Free Cash Flow
$77M
Previous year: $100M
-23.0%
Total Assets
$8.42B
Previous year: $8.13B
+3.6%

DT Midstream

DT Midstream

Forward Guidance

The company is increasing its Adjusted EBITDA guidance for 2022 and its early outlook for 2023.