DT Midstream Inc. presented an update on its business operations and growth strategy at the BofA Securities Global Energy Conference. The company highlighted its position as a pure play natural gas pipeline operator with a focus on leading organic growth, targeting a 5-7% long-term adjusted EBITDA growth rate. Approximately 70% of its business mix comes from the pipeline segment, and the company reported a ~$2.3 billion organic project backlog, with 70% of these projects having reached final investment decision. DT Midstream emphasized its strong contract profile, with around 95% demand-based contracts and an average contract tenor of seven years. The company also noted its investment grade credit ratings and projected year-end leverage of 3.1x on-balance sheet. You can access the full presentation through the link below.
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