DT Midstream Q4 Results Outperforms Expectations, Dividend Raised By 7%



DT Midstream, Inc. (NYSE:DTM) reported fourth-quarter fiscal 2023 operating earnings of $121 million, compared to $91 million in prior quarter.

Adjusted EPS of $1.24, up from $0.94 previous quarter, beating the consensus of $0.92. 

Adjusted EBITDA for the quarter was $239 million, up from $236 million in the prior quarter. Pipeline Adjusted EBITDA stood at $156 million (+7.6% Q/Q), and Gathering was at $83 million (-8.8% Q/Q).

The company’s Distributable Cash Flow for the fiscal was $700 million, …

Full story available on Benzinga.com


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