
DT Midstream (DTM) Stock Forecast & Price Target
DT Midstream (DTM) Analyst Ratings
Bulls say
DT Midstream Inc. has a robust backlog primarily focused on its Pipeline business, which currently contributes approximately 70% of its EBITDA, with aspirations to increase this percentage. The company anticipates annual dividend growth of 5-7%, aligned with expected EBITDA growth, bolstered by strong demand from sectors such as data centers in the PJM and MISO regions. Furthermore, management notes significant growth opportunities in Michigan due to a strong asset footprint and a more favorable regulatory environment that facilitates large-scale infrastructure developments.
Bears say
DT Midstream Inc. has a significant reliance on Expand Energy for a considerable portion of its revenue, posing a risk if growth in LNG demand does not materialize. The company ended the recent quarter with a total debt of $3.32 billion, reflecting slight reductions in debt over previous quarters, yet overall leverage remains a concern alongside anticipated declines in EBITDA. Additionally, the potential for increased regulatory hurdles and a recessionary environment could adversely affect hydrocarbon demand, leading to further uncertainties in the company’s financial performance and stock outlook.
This aggregate rating is based on analysts' research of DT Midstream and is not a guaranteed prediction by Public.com or investment advice.
DT Midstream (DTM) Analyst Forecast & Price Prediction
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