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DETROIT - DT Midstream, Inc. (NYSE:DTM), a midstream company with a market capitalization of $11.49 billion, announced Thursday it has closed a binding open season for its Guardian Pipeline expansion, awarding capacity to five shippers totaling 328,103 Dth per day with a targeted in-service date of November 1, 2028. According to InvestingPro data, the company has demonstrated strong momentum with a 44.42% return over the past year.
This newly awarded capacity, combined with expansion capacity previously awarded in July 2025, totals 536,903 Dth per day, representing approximately a 40% increase from Guardian’s current capacity of about 1.3 Bcf per day.
"The strong interest in this expansion capacity is an indication of the growing demand for natural gas in Wisconsin and the Upper Midwest region where our pipelines are well-positioned," said David Slater, President and CEO of DT Midstream.
Guardian Pipeline, which is 100% owned by DT Midstream, spans approximately 260 miles and serves key Wisconsin demand centers. The interstate pipeline interconnects with DT Midstream’s Midwestern Gas Transmission pipeline and Vector Pipeline.
DT Midstream provides natural gas transportation, storage and gathering services across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company serves utilities, power plants, marketers, large industrial customers and energy producers.
According to the press release statement, the company is working toward net zero greenhouse gas emissions by 2050, with a plan to achieve 30% of its carbon emissions reduction by 2030.
In other recent news, DT Midstream reported its second-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share of $1.04, slightly above the forecasted $1.03. Revenue reached $299 million, exceeding the anticipated $294.39 million. In addition to its earnings report, DT Midstream appointed Joseph P. Finland as chief accounting officer, effective September 17, 2025. Finland joined the company in July 2021 as director of financial planning and analysis and later became director of accounting and tax. Before joining DT Midstream, he was manager of business forecasting and reporting at DTE Energy Company. These developments reflect the company’s ongoing strategic and financial adjustments.
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