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Dec 31, 2023
DT Midstream Q4 2023 Earnings Report
DT Midstream reported strong Q4 2023 results, raised dividend and 2024 Adjusted EBITDA guidance.
Key Takeaways
DT Midstream reported a net income of $121 million, or $1.24 per diluted share, for the fourth quarter of 2023. Adjusted EBITDA for the quarter was $239 million. The company successfully executed its largest construction program, completing key expansions ahead of schedule and on budget.
Delivered excellent results in 2023, exceeding guidance.
Successfully executed the largest construction program in company history, completing key expansions ahead of schedule and on budget.
Projects will deliver strong growth over the next two years.
Strong financial results for 2023, combined with a strong organic backlog, advantaged asset positions, and flexible balance sheet give the company high confidence in meeting its goals for this year and beyond.
Forward Guidance
The company has high confidence in meeting its goals for this year and beyond, driven by strong financial results, a strong organic backlog, advantaged asset positions, and a flexible balance sheet.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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