DT Midstream Reaffirms 2024 Guidance: Expects Adjusted EBITDA Of $930M-$980M, Adjusted EPS Of $3.43-$3.83 Vs. $3.94 Est.; And Expects 2025 Adjusted EBITDA Of $980M-$1.04B
Portfolio Pulse from Benzinga Newsdesk
DT Midstream reaffirms its 2024 guidance, expecting adjusted EBITDA of $930M-$980M and adjusted EPS of $3.43-$3.83, which is below the $3.94 estimate. The company also provides an early outlook for 2025, expecting adjusted EBITDA of $980M-$1.04B.
July 30, 2024 | 11:48 am
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DT Midstream reaffirms its 2024 guidance, expecting adjusted EBITDA of $930M-$980M and adjusted EPS of $3.43-$3.83, which is below the $3.94 estimate. The company also provides an early outlook for 2025, expecting adjusted EBITDA of $980M-$1.04B.
The reaffirmation of 2024 guidance with adjusted EPS below the $3.94 estimate is likely to have a negative short-term impact on the stock price. However, the early outlook for 2025 showing potential growth in EBITDA may mitigate some of the negative sentiment.
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