DT Midstream Raises 2026 Guidance Amid Pipeline Expansion and Natural Gas Demand Growth
DT Midstream (DTM) reported third-quarter 2026 results featuring an adjusted EBITDA of $301 million and net income of $1.16 per diluted share. Despite a slight quarter-over-quarter decrease in adjusted EBITDA due to lower Northeast gathering volumes, the company raised its full-year 2026 adjusted EBITDA guidance to a range of $1.185 billion to $1.225 billion and increased its distributable cash flow outlook. The company is actively executing its organic project backlog, with total committed capital reaching approximately $2.4 billion. Key upcoming projects include the MIST Southbound Phase 1 expansion and a Midwestern Pipeline Lateral. Management remains optimistic about long-term U.S. natural gas demand, projecting growth of over 25 Bcf per day through 2030 driven by LNG exports and power generation needs.
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