Quarterly ResultJul 30, 2026, 06:51 AM
DT Midstream Q2 Net Income $112M, EPS $1.09; Declares $0.88 Dividend
AI Summary
DT Midstream reported strong second-quarter 2026 financial results, with net income of $112 million and diluted EPS of $1.09. The company also announced a quarterly cash dividend of $0.88 per share. Management reaffirmed its 2026 and 2027 Adjusted EBITDA guidance ranges and highlighted significant progress on organic growth projects, including the Haynesville system expansion and Viking Gas Transmission modernization.
Key Highlights
- Reported Q2 2026 net income of $112 million and diluted EPS of $1.09.
- Achieved Q2 2026 Adjusted EBITDA of $305 million.
- Declared a quarterly cash dividend of $0.88 per share, payable October 15, 2026.
- Reaffirmed 2026 Adjusted EBITDA guidance of $1.155 billion to $1.225 billion.
- Reaffirmed 2027 Adjusted EBITDA outlook of $1.225 billion to $1.295 billion.
- Reached Final Investment Decision (FID) on Haynesville system expansion (LEAP Phase 5), adding 200 MMcf/d capacity.
- Reached FID on Viking Phase 1 Modernization and filed FERC 7(c) application for Guardian Pipeline “G3” expansion.
- Commercialized $2.0 billion of organic growth projects from a $3.4 billion backlog.
Price Impact
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