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Dec 31, 2022
DT Midstream Q4 2022 Earnings Report
DT Midstream reported strong results and raised adjusted EBITDA guidance for 2023.
Key Takeaways
DT Midstream reported a net income of $85 million, or $0.88 per diluted share, for the fourth quarter of 2022. Operating Earnings were $91 million, or $0.93 per diluted share. Adjusted EBITDA for the quarter was $227 million.
DT Midstream delivered excellent results in 2022 due to a great team effort.
Commercial successes are expected to deliver strong growth over the next two years.
The company has high confidence in meeting its goals for this year and beyond.
DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030.