DT Midstream Full Year 2024 Earnings: EPS Misses Expectations
Net income: US$354.0m (down 7.8% from FY 2023).
Profit margin: 36% (down from 42% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: US$3.63 (down from US$3.96 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 7.1% from a week ago.
You should learn about the 1 warning sign we've spotted with DT Midstream.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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