DT Midstream reports Q3 net income $113M; raises 2022 Adj. EBITDA guidance to $810-825M

DT Midstream, Inc.

2022-Q3 EPS reported $2.94 revenue$677,000,000

Q3 reported net income $113M ($1.16 diluted EPS); operating earnings $88M ($0.90 diluted EPS).
Adjusted EBITDA for Q3 was $207M; management says results ahead of plan.
2022 Adj. EBITDA guidance raised to $810-825M; 2023 early outlook raised to $865-905M.
Final investment decision on Phase 3 of LEAP system to expand to 1.9 Bcf/d by Q3 2024.
Acquired additional 26.25% stake in Millennium Pipeline; advancing carbon capture project in Louisiana.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DT Midstream, Inc. reported third quarter ended September 30, 2022 results: net income $113 million, or $1.16 per diluted share, EPS $1.16 per diluted share. Guidance raised.

Period: third quarter ended September 30, 2022
Net income: $113 million, or $1.16 per diluted share
EPS: $1.16 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

DT Midstream, Inc. (NYSE: DTM) today announced third quarter 2022 reported net income of $113 million, or $1.16 per diluted share. For the third quarter of 2022, operating earnings were $88 million, or $0.90 per diluted share. Adjusted EBITDA for the quarter was $207 million.

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Source: SEC EDGAR

accession 0000947871-22-001110

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