DT Midstream, Inc. (DTM) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.517 Before we get started, I would like to remind you to read the Safe Harbor Statement on 00:00:04.517 -- 00:00:07.141 page two of the presentation, 00:00:07.141 -- 00:00:10.806 including the reference to forward-looking statements. 00:00:10.806 -- 00:00:15.532 Our presentation also includes references to non-GAAP financial measures. 00:00:15.532 -- 00:00:20.820 Please refer to the Reconciliations to GAAP contained in the appendix. 00:00:20.820 -- 00:00:26.487 Joining me this morning are David Slater, President and CEO, and Jeff Jewell, 00:00:26.487 -- 00:00:30.119 Executive Vice President and CFO. 00:00:30.119 -- 00:00:34.765 With that, I'll go ahead and turn the call over to David. 00:00:34.765 -- 00:00:38.631 Thanks, Todd, and good morning, everyone, and thank you for joining. 00:00:38.631 -- 00:00:43.597 During today's call, I'll touch on our financial results, share details on the latest 00:00:43.597 -- 00:00:49.105 commercial activity, and provide a status update on our key growth initiatives. 00:00:49.105 -- 00:00:52.970 I'll then close with some commentary on the current market fundamentals 00:00:52.970 -- 00:00:58.796 before turning it over to Jeff to review our financial performance and outlook. 00:00:59.060 -- 00:01:03.944 So with that, we had another strong quarter financially in our year to date performance 00:01:03.944 -- 00:01:08.949 is enabling us to increase the midpoint of our 2025 adjusted EBITDA guidance 00:01:08.949 -- 00:01:12.652 range to 1.13 billion. 00:01:12.652 -- 00:01:17.657 An 18% increase from the prior year adjusted EBITDA guidance. 00:01:17.657 -- 00:01:23.920 We are also reaffirming our 2026 adjusted EBITDA early outlook range. 00:01:24.122 -- 00:01:27.697 The third quarter was another active quarter ...