---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-047312"
form_type: "8-K"
ticker: "DTM"
cik: "0001842022"
company_name: "DT Midstream, Inc."
filed_at: "2024-11-19T23:59:59+00:00"
generated_at: "2026-05-29T22:38:13.940049+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# DT Midstream to acquire three ONEOK pipelines for $1.2B; accretive to cash flow

## Summary
- Acquires Guardian, Midwestern Gas, and Viking Gas pipelines from ONEOK (NYSE: OKE) for $1.2B cash.
- Total capacity >3.7 Bcf/d across ~1,300 miles; ~10.5x 2025 EBITDA multiple.
- Financed with ~$900M debt and ~$300M equity; expected to close in late 2024 or early 2025.
- ~90% demand-pull customer base, ~85% investment-grade; pipeline segment to be ~70% of 2025 Adj. EBITDA.
- Immediately accretive to Distributable Cash Flow; bolt-on to DTM's existing Midwest assets.

## SEC filing metadata
- accession: 0001140361-24-047312
- form_type: 8-K
- ticker: DTM
- cik: 0001842022
- company_name: DT Midstream, Inc.
- filed_at: 2024-11-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842022/000114036124047312/0001140361-24-047312-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842022/000114036124047312/ny20038569x3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-047312
- JSON: https://secwatch.observer/filing/0001140361-24-047312.json
- Plain text: https://secwatch.observer/filing/0001140361-24-047312.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.