Internally, DT Midstream uses Operating Earnings to measure performance against budget and to report to the Board of Directors.Īdjusted EBITDA is defined as GAAP net income attributable to DT Midstream before expenses for interest, taxes, depreciation and amortization, and loss from financing activities, further adjusted to include the proportional share of net income from equity method investees (excluding taxes, depreciation and amortization), and to exclude certain items the company considers non-routine. DT Midstream management believes that Operating Earnings provide a more meaningful representation of the company’s earnings from ongoing operations and uses Operating Earnings as the primary performance measurement for external communications with analysts and investors. Use of Operating Earnings Information – Operating Earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. For more information, please visit the DT Midstream website at Why DT Midstream Uses Operating Earnings, Adjusted EBITDA and Distributable Cash Flow DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. International access numbers are available here.ĭT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The participant toll-free telephone dial-in number in the U.S. ![]() Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The company has scheduled a conference call to discuss results for 9 a.m. “Our strong financial results for 2022 and the durability of our business gives us high confidence in meeting our goals for this year and beyond,” said Jeff Jewell, Executive Vice President and CFO.
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