DT Midstream has successfully closed the acquisition of a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK for $1.2 billion. The acquired pipelines have a total capacity of more than 3.7 Bcf/d and will increase DT Midstream's pipeline segment revenue.

DT Midstream announced the acquisition of three FERC-regulated natural gas transmission pipelines from ONEOK for $1.2 billion. The acquisition is expected to be immediately accretive to Distributable Cash Flow and increase DT Midstream's pipeline segment to approximately 70% of Adjusted EBITDA in 2025.

DT Midstream announced the acquisition of three FERC-regulated natural gas transmission pipelines from ONEOK for $1.2 billion. The acquisition will expand DT Midstream's pipeline segment and increase its presence in the Midwest market.

DT Midstream, Inc. (NYSE: DTM) announced a $300 million public offering of common stock to fund the acquisition of Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission from ONEOK Partners Intermediate Limited Partnership and Border Midwestern Company.

DT Midstream, Inc. (NYSE: DTM) plans to announce its second quarter 2024 financial results on July 30, 2024, and host a conference call to discuss the results.

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Williams Companies secures the injunction against Energy Transfer, raising concerns over the company's legal track record. Find out why ET stock is a Sell.

In the latest quarter, 4 analysts provided ratings for DT Midstream (NYSE:DTM), showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $69.5, a high estimate of $77.00, and a low estimate of $65.00. Marking an increase of 15.83%, the current average surpasses the previous average price target of $60.00. Analyzing Analyst Ratings: A Detailed Breakdown The standing of DT Midstream among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Michael Blum Wells Fargo Raises Overweight $77.00 $62.00 Selman Akyol Stifel Raises Buy $70.00 $62.00 Robert Mosca Mizuho Raises Neutral $65.00 $57.00 Christine Cho Barclays Raises Overweight $66.00 $59.00 Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to DT Midstream. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Analysts assign qualitative assessments to stocks, ranging from ...Full story available on Benzinga.com

Legal disputes with Williams Companies and DT Midstream are ongoing for Energy Transfer, with uncertain outcomes. Read why ET stock is a Sell.

DETROIT, April 30, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced first quarter 2024 reported net income of $97 million, or $0.99 per diluted share. For the first quarter of 2024, Operating Earnings were $97 million, or $0.99 per diluted share. Adjusted EBITDA for the quarter was $245 million.

Increasing throughput volumes and stable fee-based revenues are likely to have aided MPLX's Q1 earnings.

ONEOK's (OKE) first-quarter earnings are likely to have continued to gain from fee-based contracts and increased natural gas gathering and processing volumes.