Earnings summaries and quarterly performance for DT Midstream.
Executive leadership at DT Midstream.
David Slater
Detailed
President and Chief Executive Officer
CEO
Christopher Zona
Detailed
Executive Vice President and Chief Operating Officer
Jeffrey Jewell
Detailed
Executive Vice President and Chief Financial Officer
Joseph Finland
Detailed
Chief Accounting Officer
Melissa Cox
Detailed
Executive Vice President and Chief Administrative Officer
Wendy Ellis
Detailed
Executive Vice President, General Counsel and Corporate Secretary
Board of directors at DT Midstream.
Research analysts who have asked questions during DT Midstream earnings calls.
John Mackay
Goldman Sachs Group, Inc.
6 questions for DTM
Also covers: AM, ARIS, CQP +16 more
Keith Stanley
Wolfe Research, LLC
6 questions for DTM
Also covers: DK, ENB, EPD +12 more
Michael Blum
Wells Fargo & Company
6 questions for DTM
Also covers: AROC, BE, CQP +15 more
Spiro Dounis
Citigroup Inc.
6 questions for DTM
Also covers: ARIS, CQP, ENB +14 more
Theresa Chen
Barclays PLC
6 questions for DTM
Also covers: CQP, DINO, EE +20 more
Jeremy Tonet
JPMorgan Chase & Co.
5 questions for DTM
Also covers: AEE, AEP, AM +45 more
Jean Ann Salisbury
Bank of America
4 questions for DTM
Also covers: CQP, CVX, DK +13 more
Manav Gupta
UBS Group
4 questions for DTM
Also covers: ADM, AMTX, BE +34 more
Robert Mosca
Mizuho Securities Co., Ltd.
4 questions for DTM
Also covers: KGS, KNTK, LNG +3 more
Zack Van Everen
TPH&Co.
3 questions for DTM
Also covers: EE, ET, KMI +2 more
Gabe Moreen
Mizuho Securities USA
2 questions for DTM
Also covers: WES
Rob Mosca
Jefferies
2 questions for DTM
Zackery Van Everen
Tudor, Pickering, Holt & Co.
1 question for DTM
Also covers: AM, EE, ENLC +6 more
Recent press releases and 8-K filings for DTM.
DTM Raises 2025 Adjusted EBITDA Guidance and Announces Guardian G3+ Expansion FID
DTM
Guidance Update
New Projects/Investments
Earnings
- DTM reported Q3 2025 adjusted EBITDA of $288 million and significantly raised its 2025 adjusted EBITDA guidance midpoint to $1.13 billion, marking an 18% increase from the prior year's guidance.
- The company reached Final Investment Decision (FID) on the Guardian G3+ expansion, a project valued at $850 to $930 million that will boost Guardian pipeline capacity by approximately 537 million cubic feet per day.
- 2025 gross capital guidance was reduced to $385 million to $415 million, while distributable cash flow guidance increased to $800 to $830 million.
- Operational successes include record high Haynesville gathering volumes of 2.04 Bcf per day in Q3 2025, a 35% increase over Q3 2024, and the early completion of the LEAP Phase 4 expansion.
- DTM reaffirmed its 2026 adjusted EBITDA early outlook and its long-term commitment to 5% to 7% annual dividend growth.
Oct 30, 2025, 1:00 PM
DT Midstream (DTM) Reports Strong Q3 2025 Results, Raises 2025 Guidance, and Advances Key Growth Projects
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported Q3 2025 adjusted EBITDA of $288 million and increased its 2025 adjusted EBITDA guidance midpoint to $1.13 billion (range $1.115 billion-$1.145 billion).
- The company raised its distributable cash flow guidance range to $800 million-$830 million and reduced its 2025 gross capital guidance range to $385 million-$415 million due to capital efficiency and project timing.
- DT Midstream reached Final Investment Decision (FID) on an upsized Guardian Pipeline G3+ expansion, which will increase total capacity by approximately 537 million cu ft per day (a 40% increase) and is anchored by five investment grade utilities under 20-year contracts. This project is expected to cost $850 million-$930 million and be in service in Q4 2028.
- The LEAP Phase 4 expansion facilities were placed into service early and on budget, increasing capacity from 1.9 Bcf to 2.1 Bcf per day, with service starting in Q1 2026. Total gathering volumes for the Haynesville system averaged a record 2.04 Bcf per day in Q3 2025, a 35% increase over Q3 2024.
Oct 30, 2025, 1:00 PM
DT Midstream Announces Strong Q3 2025 Results and Raised 2025 Guidance
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported net income of $115 million and Adjusted EBITDA of $288 million for Q3 2025.
- The company raised its 2025 Adjusted EBITDA guidance midpoint to $1,115 - $1,145 million and reaffirmed its 2026 Adjusted EBITDA early outlook of $1,155 - $1,225 million.
- Significant progress was made on organic growth projects, with ~$0.5 billion committed in Q3 2025, bringing the total to ~$1.6 billion of projects reaching Final Investment Decision (FID) out of an original $2.3 billion backlog. This includes reaching FID on the upsized Guardian Pipeline "G3" expansion and placing the LEAP Phase 4 expansion in-service early.
- Operationally, the Haynesville system achieved record high throughput in Q3 2025, with volumes increasing 35% year-over-year.
Oct 30, 2025, 1:00 PM
DT Midstream Reports Strong Q3 2025 Results, Raises 2025 Guidance, and Sanctions Guardian G3+ Expansion
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported Q3 2025 adjusted EBITDA of $288 million and increased the midpoint of its 2025 adjusted EBITDA guidance to $1.13 billion, representing an 18% increase from the prior year's guidance.
- The company raised its 2025 distributable cash flow guidance to $800 million to $830 million and reduced its 2025 gross capital guidance to $385 million to $415 million.
- DT Midstream reached Final Investment Decision (FID) on the Guardian G3+ expansion, which will increase the pipeline's total capacity by 537 million cubic feet per day (a 40% increase), with an expected in-service date in Q4 2028 and a total investment of $850 million to $930 million.
- The LEAP Phase 4 expansion was placed into service early and on budget, increasing capacity from 1.9 to 2.1 BCF per day, and the clean fuels gathering project also began service.
- The Board of Directors approved a Q3 dividend of $0.82 per share, and the company remains committed to 5% to 7% annual dividend growth.
Oct 30, 2025, 1:00 PM
DT Midstream Reports Strong Q3 2025 Results and Raises Adjusted EBITDA Guidance
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported net income of $115 million and Operating Earnings of $115 million for the third quarter of 2025, resulting in $1.13 per diluted share.
- The company's Adjusted EBITDA for Q3 2025 was $288 million, and it increased its 2025 Adjusted EBITDA guidance to $1,115 - $1,145 million.
- The Board of Directors declared a $0.82 per share dividend on common stock, payable January 15, 2026.
- Significant business updates include a final investment decision on an upsized Guardian Pipeline "G3" expansion of approximately 537 MMcf/d and the early, on-budget placement of the LEAP Phase 4 expansion project in-service.
Oct 30, 2025, 11:30 AM
DT Midstream Reports Strong Q3 2025 Results and Raises Adjusted EBITDA Guidance
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream, Inc. reported net income of $115 million and Operating Earnings of $115 million, or $1.13 per diluted share, for the third quarter of 2025.
- Adjusted EBITDA for Q3 2025 was $288 million.
- The company raised its 2025 Adjusted EBITDA guidance to a range of $1,115 - $1,145 million.
- The Board of Directors declared a $0.82 per share dividend on common stock, payable January 15, 2026, to stockholders of record on December 15, 2025.
- Significant business updates include reaching a final investment decision on an upsized Guardian Pipeline "G3" expansion of approximately 537 MMcf/d, placing the LEAP Phase 4 expansion project in-service early and on budget, and establishing a record high quarterly gathering volume for the Haynesville system.
Oct 30, 2025, 10:45 AM
DT Midstream Closes Guardian Pipeline Expansion Open Season
DTM
New Projects/Investments
- DT Midstream (DTM) has successfully closed a binding open season to award expansion capacity on its Guardian Pipeline.
- The open season awarded 328,103 Dth per day of capacity to five shippers, with a targeted in-service date of November 1, 2028.
- This newly awarded capacity, combined with previously awarded expansion, totals 536,903 Dth per day, which is an approximately 40% increase from Guardian’s current capacity.
- The expansion addresses the growing demand for natural gas in Wisconsin and the Upper Midwest region.
Oct 2, 2025, 8:03 PM
Quarterly earnings call transcripts for DT Midstream.
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