DTM - DT Midstream EPS beats by $0.16; reaffirms full year guidance

DT Midstream (NYSE:DTM): Q2 Non-GAAP EPS of $0.91 beats by $0.16; GAAP EPS of $0.70 misses by $0.09. For the second quarter of 2021, operating earnings were $89M and adjusted EBITDA was $191M. DT Midstream reaffirmed its 2021 adjusted EBITDA guidance of $710 million to $750 million and operating earnings guidance of $296 million to $312 million, with a bias to the higher end of both ranges. The DT Midstream Board of Directors declared a $0.60 per share dividend on its common stock payable Oct. 15, 2021 to shareholders of record at the close of business Sept. 20, 2021.  “Our second quarter results give us confidence in meeting our financial goals this year,” said Jeff Jewell, DTM CFO. “The spinoff of DTE's midstream business into an independent company was completed as planned. We believe the transaction unlocks significant value for investors of both companies. DT Midstream has become an independent, pure-play

For further details see:

DT Midstream EPS beats by $0.16; reaffirms full year guidance