DT Midstream Guidance Prompts 5% Price Forecast Cut By Analyst

J.P. Morgan analyst Jeremy Tonet reduced the price forecast for DT Midstream, Inc. (NYSE:DTM) from $115.00 to $109.00 while keeping a Neutral rating.

In February, the company reported fourth-quarter operating EPS of $0.94, surpassing the $0.89 estimate.

The company also raised its 2025 adjusted EBITDA guidance by 18%, now projecting a range of $1.095 billion to $1.155 billion.

The analyst says that 2025 adjusted EBITDA guidance compares with JP Morgan estimates of $1.151 billion and street median consensus of $1.140 billion.

Also, the company provided an early 2026 adjusted EBITDA outlook of $1.155 billion, $1.225 billion vs. JP Morgan ...