Dt Midstream, Inc.

The company also announced that the DT Midstream Board of Directors declared a $0.88 per share dividend on its common stock payable January 15, 2027 to stockholders of record at the close of business December 15, 2026 .

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Distributable Cash Flow (DCF) is calculated by deducting earnings from equity method investees, depreciation and amortization attributable to noncontrolling interests, cash interest expense, maintenance capital investment (as defined below), and cash taxes from, and adding interest expense, income tax expense, depreciation and amortization, and dividends and distributions from equity method investees to, Net Income Attributable to DT Midstream, further adjusted for certain items we consider non-routine and other non-cash items.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

We believe DCF is a meaningful performance measurement because it is useful to us and external users of our financial statements in estimating the ability of our assets to generate cash earnings after servicing our debt, paying cash taxes and making maintenance capital investments, which could be used for discretionary purposes such as common stock dividends, retirement of debt or expansion capital expenditures.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Maintenance capital investment is defined as the total capital expenditures used to maintain or preserve assets or fulfill contractual obligations that do not generate incremental earnings.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

, a 263-mile interstate pipeline which connects to the Chicago Hub and serves key Upper Midwest demand centers Guardian Term Loan Guardian's $150 million unsecured term loan facility maturing April 30, 2033 Inflation Reduction Act The Inflation Reduction Act of 2022 (H.

SEC original ↗Dt Midstream, Inc. — 10-Q Quarterly report10-QJul 30, 2026

Cash Management Our sources of liquidity include cash generated from operations and available borrowings under our Revolving Credit Facility.

SEC original ↗Dt Midstream, Inc. — 10-Q Quarterly report10-QJul 30, 2026

Slater highlighted the following significant growth projects that reached final investment decision during the quarter: The MIST Southbound Phase 1 expansion of Midwestern Gas Transmission, which will add approximately 300 MMcf/d of capacity a 20% increase in total pipeline capacity A new pipeline lateral from Midwestern Gas Transmission to serve a utility-scale power plant in Indiana The second phase of the Guardian Pipeline modernization program Our year-to-date results are ahead of plan, said Jeff Jewell, Executive Vice President and CFO.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

DT Midstream uses Adjusted EBITDA to assess the company s performance by reportable segment and as a basis for strategic planning and forecasting.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

We believe DCF is a meaningful performance measurement because it is useful to us and external users of our financial statements in estimating the ability of our assets to generate cash earnings after servicing our debt, paying cash taxes and making maintenance capital investments, which could be used for discretionary purposes such as common stock dividends, retirement of debt or expansion capital expenditures.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Forward-looking statements can be identified by the use of words such as believe, expect, expectations, plans, strategy, prospects, estimate, project, target, anticipate, will, would, could, should, see, guidance, outlook, confident, may, continue, intend, goal, potential, and other words of similar meaning.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

In particular, express or implied statements relating to future earnings, cash flow, results of operations, uses of cash, tax rates and other measures of financial performance, future actions, conditions or events, potential future plans, strategies or transactions of DT Midstream, and other statements that are not historical facts, are forward-looking statements.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Forward-looking statements are not guarantees of future results and conditions, but rather are subject to numerous assumptions, risks, and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated, or budgeted.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, you should not place undue reliance on any forward-looking statements.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Legal Proceedings 36 Item 1A.

SEC original ↗Dt Midstream, Inc. — 10-Q Quarterly report10-QJul 30, 2026

For regulated property, depreciation studies to assess the estimated useful lives of the asset are typically conducted as part of rate proceedings or tariff filings.

SEC original ↗Dt Midstream, Inc. — 10-Q Quarterly report10-QJul 30, 2026

To the extent projected results or cash flows are revised downward, the reporting unit may be required to write down all or a portion of its goodwill, which would adversely impact our earnings.

SEC original ↗Dt Midstream, Inc. — 10-Q Quarterly report10-QJul 30, 2026

Net income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Dt Midstream, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026