DT Midstream Highlights Growth Strategy and Pipeline Expansion in New Company Presentation
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DT Midstream Inc. presented its growth strategy at the BofA Securities Global Energy Conference, focusing on its role as a natural gas pipeline operator. The company targets a 5-7% long-term adjusted EBITDA growth rate, with 70% of its business from pipelines and a $2.3 billion organic project backlog. Approximately 95% of contracts are demand-based, with an average tenor of seven years. DT Midstream maintains investment grade credit ratings and projects a year-end leverage of 3.1x on-balance sheet.
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