Energy -
Oil & Gas Midstream - NYSE - US
$ 112.48
0.187 %
$ 11.3 B
Market Cap
27.37
P/E
1. INTRINSIC VALUE
Balance Sheet
DT Midstream, Inc.
| Current Assets | 272 M |
| Cash & Short-Term Investments | 56 M |
| Receivables | 169 M |
| Other Current Assets | 47 M |
| Non-Current Assets | 8.71 B |
| Long-Term Investments | 1.76 B |
| PP&E | 4.47 B |
| Other Non-Current Assets | 2.48 B |
| Current Liabilities | 434 M |
| Accounts Payable | 94 M |
| Short-Term Debt | 178 M |
| Other Current Liabilities | 162 M |
| Non-Current Liabilities | 4.27 B |
| Long-Term Debt | 3.09 B |
| Other Non-Current Liabilities | 1.18 B |
EFFICIENCY
Earnings Waterfall
DT Midstream, Inc.
| Revenue | 922 M |
| Cost Of Revenue | 427 M |
| Gross Profit | 495 M |
| Operating Expenses | 269 M |
| Operating Income | 467 M |
| Other Expenses | 83 M |
| Net Income | 384 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
DT Midstream, Inc.
| Net Income | 384 M |
| Depreciation & Amortization | 200 M |
| Capital Expenditures | -772 M |
| Stock-Based Compensation | 20 M |
| Change in Working Capital | 53 M |
| Others | 82 M |
| Free Cash Flow | 26 M |
Wall Street Analysts Price Targets
DT Midstream, Inc.
Wall Street analysts predict an average 1-year price target for DTM of $68.9 , with forecasts ranging from
a
low of
$46 to a high of $89 .
DTM Lowest Price Target
Wall Street Target
46 USD
-59.10%
DTM Average Price Target
Wall Street Target
68.9 USD
-38.75%
DTM Highest Price Target
Wall Street Target
89 USD
-20.87%
4. DIVIDEND
ANALYSIS
0.93%
DIVIDEND YIELD
0.735 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
DT Midstream, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
21.2 K USD 2
3-6 MONTHS
31.4 K USD 2
6-9 MONTHS
92 K USD 3
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 years ago
Oct 13, 2022
|
Bought
1.92 K USD
|
Tumminello Peter I
Director
|
+ 35.323
|
54.36 USD |
|
3 months ago
Oct 14, 2024
|
Bought
6.33 K USD
|
Tumminello Peter I
Director
|
+ 73.415
|
86.28 USD |
|
6 months ago
Jul 12, 2024
|
Bought
6.27 K USD
|
Tumminello Peter I
Director
|
+ 88.14
|
71.13 USD |
|
9 months ago
Apr 11, 2024
|
Bought
6.2 K USD
|
Tumminello Peter I
Director
|
+ 98.393
|
62.99 USD |
|
1 year ago
Jan 11, 2024
|
Bought
5.74 K USD
|
Tumminello Peter I
Director
|
+ 108.002
|
53.18 USD |
|
1 year ago
Oct 12, 2023
|
Bought
5.67 K USD
|
Tumminello Peter I
Director
|
+ 103.616
|
54.74 USD |
|
1 year ago
Jul 13, 2023
|
Bought
5.6 K USD
|
Tumminello Peter I
Director
|
+ 106.366
|
52.64 USD |
|
1 year ago
Apr 13, 2023
|
Bought
2.12 K USD
|
Tumminello Peter I
Director
|
+ 43.224
|
49.02 USD |
|
2 years ago
Jan 12, 2023
|
Bought
1.94 K USD
|
Tumminello Peter I
Director
|
+ 35.344
|
54.96 USD |
|
5 months ago
Aug 09, 2024
|
Bought
14.8 K USD
|
Jewell Jeffrey A
Executive V.P., CFO
|
+ 200
|
74.22 USD |
|
8 months ago
May 03, 2024
|
Bought
25.1 K USD
|
Jewell Jeffrey A
Executive V.P., CFO
|
+ 400
|
62.795 USD |
|
10 months ago
Mar 01, 2024
|
Bought
28.9 K USD
|
Archon Angela N
Director
|
+ 500
|
57.87 USD |
|
10 months ago
Feb 26, 2024
|
Bought
56.9 K USD
|
SKAGGS ROBERT C JR
Director
|
+ 1000
|
56.87 USD |
|
1 year ago
Nov 06, 2023
|
Bought
16.7 K USD
|
Jewell Jeffrey A
Executive V.P., CFO
|
+ 298
|
56.15 USD |
|
1 year ago
Aug 04, 2023
|
Bought
18.7 K USD
|
Jewell Jeffrey A
Executive V.P., CFO
|
+ 358
|
52.18 USD |
|
1 year ago
May 23, 2023
|
Bought
237 K USD
|
Tumminello Peter I
Director
|
+ 5000
|
47.35 USD |
|
1 year ago
May 11, 2023
|
Bought
93.4 K USD
|
SKAGGS ROBERT C JR
Executive Chairman
|
+ 2000
|
46.7 USD |
|
1 year ago
May 09, 2023
|
Bought
70.3 K USD
|
Pickle Elaine M
Director
|
+ 1500
|
46.86 USD |
|
1 year ago
May 08, 2023
|
Bought
69.9 K USD
|
Slater David
President and CEO
|
+ 1500
|
46.57 USD |
|
2 years ago
Mar 08, 2022
|
Sell 39.9 K
USD
|
Jewell Jeffrey A
Executive V.P., CFO
|
- 699.9862
|
56.9861 USD |
|
2 years ago
Aug 08, 2022
|
Bought
164 K USD
|
Tumminello Peter I
director:
|
+ 3000
|
54.8 USD |
|
3 years ago
Nov 08, 2021
|
Bought
19.6 K USD
|
SKAGGS ROBERT C JR
Executive Chairman
|
+ 400
|
48.9 USD |
|
3 years ago
Nov 08, 2021
|
Bought
19.6 K USD
|
SKAGGS ROBERT C JR
Executive Chairman
|
+ 400
|
48.9 USD |
7. News
ONEOK Closes Sale of Wholly Owned Interstate Natural Gas Pipelines
Guardian, Midwestern and Viking Gas Transmission Pipelines Sold to DT Midstream for $1.2 Billion TULSA, Okla. , Dec. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has closed the sale of its three wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. (NYSE: DTM), effective as of 11:59 p.m.
prnewswire.com
- 2 weeks ago
DT Midstream Announces Closing of Midwest Pipeline Acquisition
DETROIT, Dec. 31, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced that it has successfully closed on the acquisition of a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK, Inc. (NYSE: OKE), effective as of 11:59 p.m. CT on Dec. 31, 2024, for a total cash consideration of $1.2 billion.
globenewswire.com
- 2 weeks ago
Stifel Sees Opportunity In DT Midstream Pullback: Upgrades Rating On Diversified Growth Potential
Stifel analyst Selman Akyol upgraded DT Midstream, Inc. DTM to Buy from Hold and raised the price target to $106 from $89.
benzinga.com
- 1 month ago
DT Midstream Announces Closing of Offering of Senior Secured Notes
DETROIT, Dec. 06, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (“DT Midstream” or the “Company”) (NYSE: DTM) today announced that it has closed the previously announced offering (the “Offering”) of $650,000,000 of 5.800% Senior Secured Notes due 2034 (the “Notes”). The Notes were issued by DT Midstream, guaranteed by certain of DT Midstream's subsidiaries and secured by a first priority lien on certain assets of DT Midstream and its subsidiary guarantors that secure DT Midstream's existing credit facilities and existing senior secured notes.
globenewswire.com
- 1 month ago
DT Midstream Announces Pricing of Offering of Senior Secured Notes
DETROIT, Nov. 21, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (“DT Midstream” or the “Company”) (NYSE: DTM) today announced that it has priced an offering (the “Offering”) of $650,000,000 of 5.800% Senior Secured Notes due 2034 (the “Notes”). The Notes will be issued by DT Midstream, guaranteed by certain of DT Midstream's subsidiaries and secured by a first priority lien on certain assets of DT Midstream and its subsidiary guarantors that secure DT Midstream's existing credit facilities and existing senior secured notes. The Offering is expected to close on December 6, 2024, subject to the satisfaction of customary closing conditions.
globenewswire.com
- 1 month ago
DT Midstream upgraded to Buy from Neutral at Citi
Citi upgraded DT Midstream to Buy from Neutral with a price target of $115, up from $90. The recently announced $1.2bB acquisition of three Federal Energy Regulatory Commission-regulated pipelines "distinguishes the company and starts DTM on a path to expanding its investor base," the analyst tells investors in a research note. The firm says DT's pipeline segment will grow to 70% of the overall business, a premium segment that's contribution is now significantly higher than its natural gas peers. Additionally, the company is now over $10bB in market cap, which should attract attention from a wider investor base, including international investors, contends Citi.
https://thefly.com
- 1 month ago
DT Midstream Announces Pricing of Upsized Public Offering of Common Stock
DETROIT, Nov. 20, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced the pricing of its previously announced underwritten registered public offering. The size of the offering increased from the previously announced $300,000,000 of shares of common stock to $366,125,000 of shares of the company's common stock at a price to the public of $101 per share, for gross proceeds of approximately $366,125,000, before the underwriting discount and estimated offering expenses. Additionally, the Company has granted the underwriters a 30-day option to purchase up to an additional 543,750 shares of its common stock at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or about November 21, 2024, subject to market and other customary closing conditions.
globenewswire.com
- 1 month ago
CORRECTION - DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas Pipelines
In a release issued under the same headline earlier today by DT Midstream, Inc. (NYSE: DTM), please note that in the "Conference Call" paragraph of the release, the call time should be 9:30 a.m. ET (8:30 a.m. CT) on Wednesday, November 20, rather than 8:00 a.m. ET (7:00 a.m. CT) as previously stated. The corrected release follows:
globenewswire.com
- 2 months ago
DT Midstream Announces Proposed Public Offering of Common Stock
DETROIT, Nov. 19, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) announced that it has commenced an underwritten public offering of $300 million of shares of common stock. In connection with this offering, the Company expects to grant the underwriters a 30-day option to purchase up to $45 million of additional shares of common stock at the public offering price, less the underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurances as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
globenewswire.com
- 2 months ago
DT Midstream to buy three natgas pipelines from ONEOK for $1.2 bln
Pipeline operator DT Midstream said on Tuesday it would acquire a portfolio of three natural gas transmission pipelines from ONEOK for $1.2 billion in cash.
reuters.com
- 2 months ago
DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas Pipelines
DETROIT, Nov. 19, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced that it has reached an agreement to acquire a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK, Inc. (NYSE: OKE) for $1.2 billion. The pipelines have a total capacity of more than 3.7 Bcf/d with approximately 1,300 miles across seven states in the attractive Midwest market region which is expected to experience continued growth in power demand. The acquisition price represents an approximately 10.5x 2025 EBITDA multiple.
globenewswire.com
- 2 months ago
DT Midstream, Inc. (DTM) Q3 2024 Earnings Call Transcript
DT Midstream, Inc. (NYSE:DTM ) Q3 2024 Earnings Conference Call October 29, 2024 9:00 AM ET Company Participants Todd Lohrmann - Director of IR David Slater - President and CEO Jeff Jewell - EVP and CFO Conference Call Participants Jeremy Tonet - JP Morgan Michael Blum - Wells Fargo Theresa Chen - Barclays John Mackay - Goldman Sachs Keith Stanley - Wolfe Research Spiro Dounis - Citi Robert Mosca - Mizuho Securities Operator Thank you for standing by. And welcome to the DT Midstream's Third Quarter 2024 Earnings Conference Call.
seekingalpha.com
- 2 months ago
8. Profile
Summary
DT Midstream, Inc. DTM
COUNTRY
US
INDUSTRY
Oil & Gas Midstream
MARKET CAP
$ 11.3 B
Dividend Yield
0.93%
Description
DT Midstream, Inc. provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities. The company engages in the transportation and storage of natural gas for intermediate and end user customers; and collecting natural gas from points at or near customers' wells for delivery to plants for processing, to gathering pipelines for gathering, or to pipelines for transportation, as well as offers compression, dehydration, gas treatment, water impoundment, water storage, water transportation, and sand mining services. It serves natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. The company was incorporated in 2021 and is headquartered in Detroit, Michigan.
Contact
500 Woodward Avenue, Detroit, MI, 48226-1279
https://www.dtmidstream.com
IPO
Date
July 1, 2021
Employees
402
Officers
Ms. Wendy A.T. Ellis
Executive Vice President, General Counsel & Corporate Secretary
Mr. David J. Slater
President, Chief Executive Officer & Director
Mr. Todd Lohrmann
Director of Investor Relations
Ms. Melissa Cox
Executive Vice President & Chief Administrative Officer
Mr. Robert C. Skaggs Jr.
Chairman
Mr. Jeffrey A. Jewell
Executive Vice President, Chief Financial Officer & Chief Accounting Officer
Mr. Christopher Zona
Executive Vice President & Chief Operating Officer