DT Midstream Q2 net income $107 mln, reaffirms 2025 adjusted EBITDA guidance

Overview

• DT Midstream Q2 net income reaches $107 mln, adjusted EBITDA at $277 mln

• Company declares $0.82 per share dividend, payable October 15, 2025

• DT Midstream achieves investment-grade credit rating, sets record gathering volume

Outlook

• DT Midstream reaffirms 2025 adjusted EBITDA guidance of $1.095 to $1.155 bln

• Company projects 2026 adjusted EBITDA range of $1.155 to $1.225 bln

Result Drivers

• PIPELINE EXPANSION - Final investment decision on Guardian Pipeline 'G3' expansion of approximately 210 MMcf/d

• MODERNIZATION - Finalized investment plan for initial phase of modernization across new interstate pipelines

• RECORD VOLUME - Established record high quarterly gathering volume for Haynesville system

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the oil & gas transportation services peer group is "buy"

• Wall Street's median 12-month price target for DT Midstream Inc is $108.00, about 6.1% above its July 30 closing price of $101.41

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nGNX3fjtVz