UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended March 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40392 Registrant's address of principal executive offices: 500 Woodward Ave., Suite 2900, Detroit, Michigan 48226-1279 Registrant ...

DT Midstream (DTM) Q1 2025 Earnings Call April 30, 2025 09:00 AM ET Company Participants Todd Lohrmann - Director of Investor RelationsDavid Slater - President & CEOJeff Jewell - EVP & CFOMichael Blum - Managing DirectorSpiro Dounis - DirectorJohn Mackay - VP - Equity ResearchKeith Stanley - DirectorJean Ann Salisbury - Managing DirectorManav Gupta - Executive DirectorRobert Mosca - Equity Research Associate Conference Call Participants Jeremy Tonet - Equity Research Analyst, Executive DirectorTheresa Chen ...

DT Midstream (DTM) Q1 2025 Earnings Call April 30, 2025 09:00 AM ET Speaker0 Welcome to the DTE Midstream First Quarter twenty twenty five Earnings Call. I will now turn it over to our speaker today, Todd Lerman, Director of Investor Relations. Please go ahead. Speaker1 Good morning, and welcome, everyone. Before we get started, I would like to remind you to read the Safe Harbor statement on Page two of the presentation, including the reference to forward looking statements. Our presentation also includes r ...

First Quarter 2025 Earnings Call April 30, 2025 Bluestone Gathering Lateral Pipeline NYSE: DTM Safe Harbor Statement 2 New slide First Quarter 2025 Accomplishments Strong financial performance Acquisition performing well and integration progressing as planned Progressing commercial opportunities and executing on construction projects This presentation contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities l ...

DETROIT, April 30, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced first quarter 2025 reported net income of $108 million, or $1.06 per diluted share. For the first quarter of 2025, Operating Earnings were $108 million, or $1.06 per diluted share. Adjusted EBITDA for the quarter was $280 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release. The company also announced that the DT Mid ...

NEWS RELEASE DT Midstream Reports Strong First Quarter 2025 Results DETROIT, Apr. 30, 2025 – DT Midstream, Inc. (NYSE: DTM) today announced first quarter 2025 reported net income of $108 million, or $1.06 per diluted share. For the first quarter of 2025, Operating Earnings were $108 million, or $1.06 per diluted share. Adjusted EBITDA for the quarter was $280 million. Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news rel ...

文章核心观点 - 华尔街预计DT Midstream在2025年第一季度营收增加，盈利同比增长，实际业绩与预期的对比或影响短期股价，该公司可能是盈利超预期的候选者，但投资者决策还需关注其他因素 [1][16] 盈利预期 - 公司即将发布的报告预计季度每股收益为1.07美元，同比增长8.1%，营收预计为2.8386亿美元，同比增长18.3% [3] 预测调整趋势 - 过去30天，该季度的共识每股收益预测上调了1.67%，反映了分析师对初始预测的重新评估 [4] 盈利惊喜预测 - Zacks Earnings ESP模型通过比较最准确估计和Zacks共识估计来预测盈利与共识估计的偏差，正的ESP读数对预测盈利超预期有重要作用 [6][7] - 正的Earnings ESP与Zacks Rank 1、2或3结合时，是盈利超预期的有力预测指标，这种组合的股票近70%的时间会出现盈利惊喜 [8] - 负的Earnings ESP读数不能表明盈利未达预期，负ESP读数和Zacks Rank为4或5的股票难以预测盈利超预期 [9] DT Midstream情况 - 公司的最准确估计高于Zacks共识估计，Earnings ESP为+0.84%，目前Zacks Rank为3，表明公司很可能超预期 [10][11] 盈利惊喜历史 - 上一季度公司预期每股收益0.91美元，实际为0.94美元，盈利惊喜为+3.30% [12] - 过去四个季度，公司三次超预期 [13] 投资建议 - 盈利超预期或未达预期并非股价涨跌的唯一因素，但押注预期盈利超预期的股票可增加成功几率，投资者可在季度财报发布前查看公司的Earnings ESP和Zacks Rank [14][15]

文章核心观点 - 摩根大通分析师杰里米·托内特下调DT Midstream公司股价预测至109美元但维持中性评级，公司业绩表现良好且有新项目发展，具备EBITDA增长潜力和降杠杆路径 [1][4] 评级与股价预测 - 摩根大通分析师杰里米·托内特将DT Midstream公司股价预测从115美元降至109美元，维持中性评级 [1] 财务表现 - 2月公司公布第四季度运营每股收益0.94美元，超0.89美元的预期 [1] - 公司将2025年调整后EBITDA指引上调18%，预计范围为10.95亿至11.55亿美元 [1] - 2025年调整后EBITDA指引与摩根大通11.51亿美元的估计和市场中值11.40亿美元相比 [2] - 公司提供的2026年初调整后EBITDA展望为11.55亿至12.25亿美元，摩根大通估计为12.30百万美元，市场中值为12.11亿美元 [2] 项目发展 - 公司宣布开发300 MMCFD的中西部天然气输送支线，将为AES印第安纳州约1 GW的燃气发电厂供气 [3] - 公司披露了西弗吉尼亚州一座2060 MW联合循环发电厂的375 MMCFD先例协议，预计2028财年完成，取决于该厂达成最终投资决策 [3] 公司优势 - 公司受益于阿巴拉契亚和海恩斯维尔两大顶级天然气盆地的强大运营杠杆，以及超80% EBITDA的最低量合同收入保护 [4] - 作为专注于这些关键地区的纯天然气中游公司，有可观的EBITDA增长潜力和明确的降杠杆路径 [4] 投资途径与股价表现 - 投资者可通过Neuberger Berman Energy Transition & Infrastructure ETF NBET和Alerian Energy Infrastructure ETF ENFR投资该公司股票 [5] - 周三最后一次检查时，DT Midstream公司股价下跌2.51%，报98美元 [5]

文章核心观点 - DT Midstream是专注管道业务的纯天然气公司，其集输业务板块重要性降低且业务规模在缩小 [1] 公司情况 - DT Midstream是纯天然气公司，重点在管道业务，也有集输业务板块 [1] - 集输业务板块重要性降低，在公司业务中占比缩小 [1] 服务内容 - Cash Builder Opportunities提供高质量可靠股息增长投资建议，专注行业领先投资以实现稳定和长期财富创造 [1] - 该服务还提供期权交易建议以增加投资者收入 [1] 会员权益 - 加入可访问投资组合、观察名单和参与实时聊天 [2] - 会员可优先查看所有出版物和独家文章 [2]

文章核心观点 - 介绍DT Midstream公司情况及分析师投资相关情况 [1] 公司情况 - DT Midstream是专注天然气的中游供应商 业务覆盖美国东北部和中西部 还在路易斯安那州的海恩斯维尔页岩区拥有大量基础设施 [1] 分析师情况 - 分析师是核电行业持牌专业工程师 利用电力/能源行业专业知识评估有长期投资价值的股票 投资创收股票和租赁房地产以获取现金流和长期增值 [1]