DT Midstream Inc reports results for the quarter ended June 30 - Earnings Summary

• DT Midstream Inc DTM.N reported quarterly adjusted earnings of $1.04​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 98 cents. The mean expectation of ten analysts for the quarter was for earnings of $1.01 per share. Wall Street expected results to range from 87 cents to $1.06 per share.

• Revenue rose 26.6% to $309.00 million from a year ago; analysts expected $296.42 million.

• DT Midstream Inc's reported EPS for the quarter was $1.04​.

• The company reported quarterly net income of $107 million.

• DT Midstream Inc shares had fallen by 7.7% this quarter and gained 2.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.2% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• 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 also "buy"

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

This summary was machine generated from LSEG data July 31 at 07:58 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)