The following is a summary of the DT Midstream, Inc. (DTM) Q1 2024 Earnings Call Transcript:

Financial Performance:

• In Q1 2024, DT Midstream recorded an adjusted EBITDA of $245 million, showing a $6 million growth from the previous quarter.

• Despite expectations of a temporary dip in gathering volumes and adjusted EBITDA due to planned maintenance, the company foresees a steady rise in Q4 contributed by new projects and a favorable market situation.

• DT Midstream has maintained their Q1 dividend at $0.735 per share, showcasing their intent to grow the dividend by 5% to 7% per annum aligned with long-term adjusted EBITDA growth.

Business Progress:

• The company is advancing on several projects, including expansions and adjustments to accommodate the expected demand growth in the data centre and AI market.

• Initial volumes have begun flowing on their Ohio Utica System, with a successful new interconnect completed between their Haynesville system and the Gillis Access project.

• DT Midstream is progressing well on a carbon capture and sequestration project in Louisiana, completing a pivotal Class V test well in Q1.

• The firm has expressed confidence in meeting increased demand and achieving returns on projects, showcasing a positive outlook for both 2024 and 2025, with specific emphasis on the growth in the Ohio Utica area.

More details: DT Midstream IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.