earnings
confidence high
sentiment positive
materiality 0.75
DT Midstream raises dividend 7%, guides FY24 EBITDA $930-980M, Q4 net income $121M
DT Midstream, Inc.
2023-FY EPS reported
$3.94
revenue$922,000,000
- Q4 2023 net income $121M ($1.24 diluted EPS); Adjusted EBITDA $239M.
- FY 2023 Adjusted EBITDA $924M, up 10% YoY.
- Dividend increased 7% to $0.735/share; payable Apr 15, 2024 to holders of record Mar 18.
- 2024 Adjusted EBITDA guidance raised to $930-980M; 2025 early outlook $980M-$1.04B (6% annual growth).