DT Midstream Expects 2024 Adjusted EBITDA Of $930M-$980M, Sees Adjusted EPS Of $3.43 - $3.83 Vs. $3.85 Est.; And Expects 2025 Adjusted EBITDA Of $980M-$1.04B
Portfolio Pulse from Benzinga Newsdesk
DT Midstream has updated its financial outlook, increasing its 2024 Adjusted EBITDA guidance to $930M-$980M and providing an early outlook for 2025 with an Adjusted EBITDA range of $980M-$1.04B, indicating a 6% annual growth from 2024. The company also forecasts 2024 Adjusted EPS to be between $3.43 and $3.83, compared to the estimated $3.85.
February 16, 2024 | 12:15 pm
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DT Midstream has raised its 2024 Adjusted EBITDA guidance to $930M-$980M and provided a 2025 outlook of $980M-$1.04B, indicating a 6% growth. The 2024 Adjusted EPS is expected to be between $3.43 and $3.83, slightly below the estimated $3.85.
The increase in DT Midstream's EBITDA guidance for 2024 and the positive outlook for 2025 suggest a strong financial performance and growth trajectory. Although the EPS forecast for 2024 is slightly below the estimated $3.85, the overall positive financial outlook is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on DTM's stock price.
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