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DETROIT -On Wednesday, DT Midstream , Inc. (NYSE:DTM) reported fourth quarter earnings that narrowly missed analyst estimates, but raised its outlook and dividend.
The natural gas pipeline and storage company’s shares edged down -0.82% following the release.
DT Midstream posted adjusted earnings per share of $0.94 for Q4, falling short of the $0.95 consensus estimate. The company did not provide revenue figures in its release.
Despite the slight earnings miss, DT Midstream announced several positive developments. The company increased its 2025 adjusted EBITDA guidance range to $1.095 billion to $1.155 billion, representing an 18% increase over its original 2024 guidance. It also hiked its quarterly dividend by 12% to $0.82 per share.
"As a result of a great team effort, we delivered record results in 2024, exceeding our increased guidance," said David Slater, President and CEO. "We successfully closed on the largest acquisition in our history last year and completed key organic growth projects ahead of schedule and on budget."
Looking further ahead, DT Midstream provided an early outlook for 2026 adjusted EBITDA of $1.155 billion to $1.225 billion, projecting 6% annual growth from 2025.
The company also announced new agreements for two projects to serve utility-scale power generation, though details were not provided.
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