DT Midstream Inc. unveils growth strategy highlighting natural gas pipeline expansion and $2.3B project backlog
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DT Midstream Inc. has unveiled a growth strategy focusing on natural gas pipeline expansion, supported by a $2.3 billion project backlog. The company anticipates a long-term adjusted EBITDA growth rate of 5-7%, with 70% of the backlog already at the final investment decision stage. Emphasizing durable contracts covering 95% of its business, DT Midstream's portfolio consists of 70% pipeline assets. The strategy includes modernization projects to enhance efficiency and a capital plan committed for 2025 and advancing for 2026.
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