DT Midstream (DTM) Stock

DETROIT, Dec. 06, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. ("DT Midstream" or the "Company") (NYSE: DTM) has announced the completion of its previously mentioned offering of $650,000,000 in 5.800% Senior Secured Notes set to mature in 2034. These Notes were issued by DT Midstream and are backed by guarantees from some of its subsidiaries, with a first priority claim on specific assets of DT Midstream and its subsidiary guarantors that also secure the company's current credit facilities and senior secured notes.

DETROIT, Nov. 21, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (“DT Midstream” or the “Company”) (NYSE: DTM) has announced the pricing of a $650 million offering of 5.800% Senior Secured Notes due in 2034. These Notes will be issued by DT Midstream and backed by guarantees from some of its subsidiaries, with a first priority claim on specific assets that also secure the company's current credit facilities and senior secured notes. The offering is anticipated to close on December 6, 2024, pending the usual closing conditions.

DETROIT, Nov. 20, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) has announced the pricing for its previously mentioned public offering. The offering size has increased from $300,000,000 to $366,125,000, with shares priced at $101 each, leading to gross proceeds of around $366,125,000 before costs. The company has also given underwriters a 30-day option to buy an extra 543,750 shares at the same public price, and the offering is expected to close around November 21, 2024, pending market conditions.

DETROIT, Nov. 19, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) has announced the start of a public offering for $300 million in common stock. The company plans to give the underwriters a 30-day option to buy an extra $45 million in shares at the offering price, minus any fees. This offering depends on market conditions and other factors, so there is no guarantee about when it will be finished or the final details of the offering.

DETROIT, Oct. 15, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) is set to release its financial results for the third quarter of 2024 before the market opens on Tuesday, October 29, 2024.

DT Midstream provides a reliable source of income, with 90% of its revenue coming from take-or-pay contracts, which protects it from fluctuating commodity prices. Although it has a lower yield of 3.5%, DTM stands out with a 7% annual increase in dividends and a solid coverage ratio of 2.4x. The company's strategic location in important natural gas areas and its self-funded growth projects suggest it will deliver long-term value.

DETROIT, July 30, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) has reported a net income of $96 million, which is $0.98 per diluted share, for the second quarter of 2024. The Operating Earnings for the same period were also $96 million, or $0.98 per diluted share. Additionally, the Adjusted EBITDA for the quarter reached $248 million.

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