DTM Earnings Prediction
The chart below shows how DTM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DTM sees a -1.95% change in stock price 10 days leading up to the earnings, and a +2.80% change 10 days following the report. On the earnings day itself, the stock moves by +0.04%. This data can give you a slight idea of what to expect for the next quarter's release.
DTM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
248.00M
5.98%
1.64%
Gross Margin
--
--
--
Operating Margin
49.19%
-6.41%
-7.68%
Net Margin
36.69%
-8.66%
-10.47%
EPS
0.90
-3.23%
-8.16%
No Data Available
DTM Earnings Analysis
DT Midstream, Inc. Corporation (DTM.N) Earnings Conference Call
Positive
Increased EBITDA Guidance: Our strong year-to-date performance is enabling us to increase our 2024 adjusted EBITDA guidance range to $950 million to $980 million.
2025 Adjusted EBITDA Outlook: We are also reaffirming our 2025 adjusted EBITDA early outlook range.
Investment Grade Upgrade: Our track record of strong performance was also recognized earlier this month by Fitch Ratings who upgraded us to investment grade, a strategic goal that we have had since we spun the company in 2021.
LEAP Phase 4 Expansion: This morning, we are excited to announce that we have reached a final investment decision on a LEAP Phase 4 expansion, which will increase capacity by 200 million cubic feet per day and further expand our integrated wellhead system to the LNG corridor.
Quarterly Dividend Announcement: We are also pleased to announce the declaration of our third quarter dividend of $0.735 per share, unchanged from the prior quarter.
Negative
Adjusted EBITDA Decline: In the third quarter, we delivered overall adjusted EBITDA of $241 million, representing a $7 million decrease from the prior quarter.
Segment Results Decline: Gathering segment results decreased by $10 million compared to the second quarter, resulting in line with the second quarter when adjusted for favorable one-time items of approximately $10 million that did not repeat in the third quarter.
Gathering Volume Trends: Total gathering volumes across both the Haynesville and the Northeast averaged approximately 2.9 billion cubic feet a day in the third quarter with volumes up slightly in the Haynesville compared to the prior quarter while lower in the Northeast, primarily due to the lower volumes on our Appalachian Gathering System.
Gathering Volumes Increase: In the fourth quarter, we expect a ramp in gathering volumes compared to the third quarter, as well as incremental maintenance expense.
Capital Guidance Reduction: We are reducing our fully year 2024 growth capital guidance range to $330 million to $350 million, which represents a $25 million reduction in the high end of our range.
DTM FAQs
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DTM Earning Call Sentiment
DT Midstream, Inc. (DTM) Q3 2024 Earnings Call Transcript
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DTM.N
-1.6%Positive
The earnings call presented a mixed outlook. Financial performance was stable but not exceptional, with unchanged dividends and reduced growth capital guidance. Positive aspects included reaffirmed EBITDA guidance and potential data center projects. However, challenges like competitive pressures, project execution risks, and choppy gas markets were highlighted. The Q&A revealed cautious optimism but lacked concrete timelines for projects. Overall, the sentiment is neutral due to balanced positives and uncertainties, suggesting little expected stock movement in the short term.
