DT Midstream, Inc. [Rocket]

Overview

DT Midstream, Inc.

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Recent News + Filings (All items)

Date Filed	Type	Description
08/08/2023	4	Jewell Jeffrey A (Executive V.P., CFO) has filed a Form 4 on DT Midstream, Inc.
08/04/2023	4	Baker Stephen W (Director) has filed a Form 4 on DT Midstream, Inc.
08/04/2023	4	Tumminello Peter I (Director) has filed a Form 4 on DT Midstream, Inc.
08/04/2023	4	Wilson Dwayne Andree (Director) has filed a Form 4 on DT Midstream, Inc.
08/04/2023	4	Pickle Elaine M (Director) has filed a Form 4 on DT Midstream, Inc.
08/04/2023	4	Ellis Wendy (E.V.P., Gen Counsel & Corp Sec) has filed a Form 4 on DT Midstream, Inc.
08/04/2023	4	Cox Melissa (Sr. VP Admin) has filed a Form 4 on DT Midstream, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19
Revenues	840	754	504
Revenue growth	11.4%	49.6%
Cost of goods sold	231	175	141
Gross profit	609	579	363
Gross margin	72.5%	76.8%	72.0%
General and administrative	24	15	8
EBITA	603	575	384
EBITA margin	71.8%	76.3%	76.2%
Amortization of intangibles	58	55	24
EBIT	545	520	360
EBIT margin	64.9%	69.0%	71.4%
Pre-tax income	422	440	292
Income taxes	104	116	72
Tax rate	24.6%	26.4%	24.7%
Net income	307	312	204
Net margin	36.5%	41.4%	40.5%

Diluted EPS	$3.17	$3.23	$2.11
Shares outstanding (diluted)	97	97	97

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.