DT Midstream Reports Positive Q1 Earnings

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DT ($NYSE:DTM) Midstream is a publicly traded company that provides natural gas and crude oil services to customers across North America. It also provides services such as natural gas processing, transportation, and storage, as well as asset management and marketing services. With its wide range of services, DT Midstream has become a leader in the natural gas and oil industry, providing customers with reliable and cost-effective services.

Earnings

In their earning report, the company earned a total revenue of 220.0M USD and net income of 81.0M USD. Compared to the same period the previous year, the company saw a 2.3% increase in total revenue but no decrease or increase in net income. Over the last three years, DT MIDSTREAM‘s total revenue has risen from 197.0M USD to 220.0M USD. The company’s positive financial performance is a promising indication that it is on track to reach even greater heights in the coming years.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Dt Midstream. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Dt Midstream. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Dt Midstream. More…

Key Ratios Snapshot

Some of the financial key ratios for Dt Midstream are shown below. More…

Price History

Tuesday was a difficult day for DT MIDSTREAM, as their stock opened at $49.3 before closing at $46.6, representing a 4.9% decrease from the previous day’s closing price of $49.0. Despite the stock price decline, investors should take solace in the fact that DT MIDSTREAM reported solid earnings within the expected range. Such encouraging figures suggest that DT MIDSTREAM is well-positioned to maintain its growth in the months ahead. Live Quote…

Analysis

GoodWhale has conducted an analysis of DT MIDSTREAM‘s financials and based on our Star Chart, DT MIDSTREAM has an intermediate health score of 6/10 with regard to its cashflows and debt. This score indicates that DT MIDSTREAM is likely to pay off debt and fund future operations. We have also observed that DT MIDSTREAM is strong in growth, medium in dividend, profitability and weak in asset. With these factors in mind, we classify DT MIDSTREAM as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for a high-growth opportunity but without sacrificing stability could consider investing in DT MIDSTREAM. Such investors should be aware of the potential risks associated with the lower profitability of the company, as well as the potential for volatility in its stock price. Additionally, investors should conduct their own research to better understand DT MIDSTREAM’s financials, strategy, and competitive landscape before investing. More…

Peers

The company’s operations are primarily located in the Permian and Haynesville Basins. The company was founded in 2007 and has approximately 1,000 employees. DT Midstream‘s competitors include Williams Companies Inc, Solaris Oilfield Infrastructure Inc, and EnLink Midstream LLC.

– Williams Companies Inc ($NYSE:WMB)

The Williams Companies, Inc. engages in energy infrastructure businesses in the United States and Canada. It operates through Williams Partners and Williams NGL segments. The Williams Partners segment owns and operates natural gas pipelines, and gathering and processing assets. The Williams NGL segment owns and operates natural gas liquids (NGL) transportation, fractionation, storage, and marketing assets. The company was founded in 1908 and is headquartered in Tulsa, Oklahoma.

– Solaris Oilfield Infrastructure Inc ($NYSE:SOI)

Solaris Oilfield Infrastructure Inc is a leading provider of water-based drilling fluid solutions and fracturing sand logistical services in the United States. The company’s market cap as of 2022 is 398.44M, and its ROE is 6.5%. Solaris’ focus on providing innovative and cost-effective water-based drilling fluid solutions and fracturing sand logistical services has allowed it to become a leading provider in the United States.

– EnLink Midstream LLC ($NYSE:ENLC)

EnLink Midstream LLC is a publicly traded midstream natural gas and crude oil company with operations in Oklahoma, Texas, Louisiana, and New Mexico. EnLink Midstream is organized as a limited liability company and has a market capitalization of $5.3 billion as of December 31, 2017. The company’s Return on Equity was 26.4% for the year ended December 31, 2017. EnLink Midstream’s business is focused on providing natural gas gathering, processing, transportation, and storage services, as well as crude oil transportation and logistics services, to its customers in the midstream sector of the oil and gas industry.

Summary

DT Midstream is a midstream energy company that provides gathering, processing and transportation services for oil, gas and NGL. The company’s stock price declined following the release of its earnings results, which may be attributed to lower-than-expected production and operating margins as well as rising costs due to increased maintenance activity. Investors should take into account DT Midstream’s strong financial position and the increasing demand for oil and gas products to make an informed decision on the company. Its ability to generate free cash flow and maintain a low debt-to-equity ratio is indicative of its financial strength and makes it an attractive investment opportunity.

Furthermore, its strategic assets located in the premier basins in the United States should provide the company with long-term stability and growth potential. Consequently, investors may consider investing in DT Midstream as a way to benefit from its growing operations and long-term growth prospects.