DT Midstream, Inc. (DTM) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Go ahead. Good morning and welcome everyone. Before we get started, I would like to remind you to read the safe harbor statement on page two of the presentation, including the reference to forward-looking statements. Our presentation also includes references to non-GAAP financial measures. Please refer to the reconciliations to GAAP contained in the appendix. Joining me this morning David Slater, President and CEO, and Jeff Jewell, Executive Vice President and CFO. So, with that, I'll go ahead and turn the call over to David. Thanks, Todd, and good morning, everyone, and thank you for joining. During today's call, I'll touch on our financial results, provide an update on the latest commercial activity and construction progress on our growth projects. I'll then close with some commentary on the current market fundamentals before turning it over to Jeff to review our financial performance and outlook. So with that, we're off to a strong start in 2025, giving us confidence in our full-year plan. We are reaffirming our 2025 adjusted EBITDA guidance range and our 2026 adjusted EBITDA early outlook range. and we continue to execute on our 2.3 billion organic growth project backlog. Our teams remain focused on integrating our newly acquired interstate pipelines. The key integration activities are progressing on schedule, and we completed full cutover of all financial activities in the DTM systems on April 1st. We're on track to complete all remaining milestones by year end. We onboarded all key employees at close and benefited from the team's expertise with these assets during the winter season, which our pipelines were highly utilized and provided reliable service. As we gain additional insights into these assets and how they operate, we're developing a clearer view of the...