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Sep 30, 2024

DT Midstream Q3 2024 Earnings Report

Reported strong results and raised adjusted EBITDA guidance.

Key Takeaways

DT Midstream reported a net income of $88 million, or $0.90 per diluted share, for the third quarter of 2024. The company's adjusted EBITDA for the quarter was $241 million. Due to strong performance, the company increased its Adjusted EBITDA guidance for 2024 to $950 - $980 million.

Net income for Q3 2024 was $88 million, or $0.90 per diluted share.

Operating Earnings for Q3 2024 were $88 million, or $0.90 per diluted share.

Adjusted EBITDA for Q3 2024 was $241 million.

Increased Adjusted EBITDA guidance for 2024 to $950 - $980 million.

Total Revenue
$248M
Previous year: $234M
+6.0%
EPS
$0.9
Previous year: $0.94
-4.3%
Adjusted EBITDA
$241M
Previous year: $236M
+2.1%
Gross Profit
$132M
Previous year: $130M
+1.5%
Cash and Equivalents
$77M
Previous year: $30M
+156.7%
Free Cash Flow
$554M
Previous year: $33M
+1578.8%
Total Assets
$8.59B
Previous year: $8.86B
-3.1%

DT Midstream

DT Midstream

Forward Guidance

DT Midstream increased its Adjusted EBITDA guidance for 2024 to $950 - $980 million.