DT Midstream, Inc. (DTM): M&A transaction — DT Midstream closes $1.2B acquisition of three Midwest pipelines from ONEOK

DT Midstream, Inc.

Acquired 100% of Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission for $1.2B cash.
Pipelines have total capacity >3.7 Bcf/d across ~1,300 miles in seven Midwest states.
Acquisition funded with cash; no pro forma financials required as <20% significance.
DTM President/CEO Slater says deal is bolt-on aligned with pure-play natural gas strategy.
ONEOK counterparty; transaction closed Dec 31, 2024 effective 11:59 PM CT.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

DT Midstream, Inc. completed an acquisition involving ONEOK Partners Intermediate Limited Partnership and Border Midwestern Company for $1.2 billion (closed 2024-12-31).

Action: acquisition
Counterparty: ONEOK Partners Intermediate Limited Partnership and Border Midwestern Company
Consideration: $1.2 billion
Closing: 2024-12-31

Exact text from the filing

DTM Transportation acquired 100% of the equity interests of each of Guardian Pipeline, L.L.C., Midwestern Gas Transmission Company and Viking Gas Transmission Company (each of which own certain pipelines and related assets in the Midwestern United States) from the ONEOK Parties, effective as of 11:59 PM Central Time on December 31, 2024, for a purchase price of $1.2 billion

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

DT Midstream, Inc. filing history →

Source: SEC EDGAR

accession 0000947871-24-001058

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