DTM - DT Midstream Q4 Results Outperforms Expectations Dividend Raised By 7% | Benzinga
DT Midstream, Inc. (NYSE:DTM) reported fourth-quarter fiscal 2023 operating earnings of $121 million, compared to $91 million in prior quarter.
Adjusted EPS of $1.24, up from $0.94 previous quarter, beating the consensus of $0.92.
Adjusted EBITDA for the quarter was $239 million, up from $236 million in the prior quarter. Pipeline Adjusted EBITDA stood at $156 million (+7.6% Q/Q), and Gathering was at $83 million (-8.8% Q/Q).
The company’s Distributable Cash Flow for the fiscal was $700 million, ...