DT Midstream Inc
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
DTM$116.48+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Definitions
Unless the context otherwise requires, references to "we," "us," "our," "Registrant," or the "Company" and words of similar importance refer to DT Midstream and, unless otherwise specified, our consolidated subsidiaries and our unconsolidated joint ventures. As used in this Form 10-K, the terms and definitions below have the following meanings:
| Appalachia Gathering | A 149-mile gathering system delivering Marcellus shale natural gas to the Texas Eastern Pipeline and Stonewall |
|---|---|
| ASC 606 | The Accounting Standards Codification of Revenue from Contracts with Customers issued by the FASB |
| ASU | Accounting Standards Update issued by the FASB |
| Bcf | Billion cubic feet of natural gas |
| Bcf/d | Billion cubic feet of natural gas per day |
| Birdsboro | A 14-mile interstate pipeline transporting gas supply to a gas-fired power plant in Pennsylvania |
| Bluestone | A 65-mile lateral pipeline and two compression facilities delivering Marcellus shale natural gas to Millennium and the Tennessee Pipeline |
| Blue Union Gathering | A 420-mile gathering system delivering shale natural gas from the Haynesville formation of Louisiana to markets in the Gulf Coast region |
| CERCLA | Comprehensive Environmental Response, Compensation, and Liability Act |
| CFTC | Commodity Futures Trading Commission |
| Columbia Pipeline | Columbia Gas Transmission, LLC, owned by TC Energy Corporation and Global Infrastructure Partners |
| COVID-19 | Coronavirus disease of 2019 |
| Credit Agreement | DT Midstream's credit agreement provides for the Term Loan Facility and Revolving Credit Facility |
| Distribution | Pro rata distribution to DTE Energy shareholders of all the outstanding common stock of DT Midstream upon the Separation |
| DEI | Diversity, equity, and inclusion |
| DTE Energy | DTE Energy Company, the consolidating entity of DT Midstream prior to the Separation |
| DT Midstream | DT Midstream, Inc. and our consolidated subsidiaries |
| EPA | U.S. Environmental Protection Agency |
| EPAct 2005 | Energy Policy Act of 2005 |
| ESA | The U.S. federal Endangered Species Act |
| ESG | Environmental, social and corporate governance |
| FASB | Financial Accounting Standards Board |
| FERC | Federal Energy Regulatory Commission |
| GAAP | Generally Accepted Accounting Principles in the United States |
| Generation | A 25-mile intrastate transportation pipeline located in northern Ohio and owned by NEXUS |
| GHG | Greenhouse gas |
| Gillis Access Project | A new pipeline system in Louisiana owned by TC Energy Corporation |
| Haynesville System | Pipeline and gathering system which is comprised of LEAP, Blue Union Gathering, and associated facilities |
| HCA | High consequence area |
| Inflation Reduction Act | The Inflation Reduction Act of 2022 (H.R. 5374) |
| LEAP | Louisiana Energy Access Project, a 209-mile lateral pipeline delivering Haynesville shale natural gas to markets in the Gulf Coast region |
|---|---|
| LIBOR | London Inter-Bank Offered Rates |
| LNG | Liquefied natural gas |
| Michigan System | A 335-mile pipeline system in northern Michigan |
| Millennium | Millennium Pipeline Company, LLC, a joint venture that owns a 263-mile interstate transportation pipeline and compression facilities serving markets in the northeast and supply from the northeast Marcellus region, in which DT Midstream owns a 52.5% interest |
| MVCs | Minimum volume commitments |
| National Grid | National Grid Millennium LLC |
| NEPA | National Environmental Policy Act |
| NEXUS | NEXUS Gas Transmission, LLC, a joint venture that owns (i) a 256-mile interstate pipeline and three compression facilities transporting Utica and Marcellus shale natural gas to Ohio, Michigan and Ontario market centers and (ii) Generation, in which DT Midstream owns a 50% interest |
| NGA | Natural Gas Act |
| NGPA | Natural Gas Policy Act |
| NWP 12 | The U.S. Army Corps of Engineers Clean Water Act Section 404 Nationwide Permit 12 |
| NYSE | New York Stock Exchange |
| Ohio Utica Gathering | A 20-mile gathering system, including compression and dehydration facilities, to deliver Utica shale gas from producer wells to a nearby processing plant |
| OSHA | The U.S. federal Occupational Safety and Health Act |
| PHMSA | Pipeline and Hazardous Materials Safety Administration |
| RCRA | Resource Conservation and Recovery Act |
| Revolving Credit Facility | DT Midstream's secured revolving credit facility issued under the Credit Agreement |
| SEC | Securities and Exchange Commission |
| Separation | The separation and spin-off of DT Midstream from DTE Energy, effective July 1, 2021 |
| Separation and Distribution Agreement | The Separation and Distribution Agreement with DTE Energy was established before the Distribution to set forth DT Midstream's agreements with DTE Energy regarding the principal actions to be taken in connection with the Separation, as well as other agreements that govern aspects of DT Midstream's relationship with DTE Energy following the Separation |
| SOFR | Secured Overnight Financing Rate |
| South Romeo | South Romeo Gas Storage Company, LLC, a joint venture which owns the Washington 28 Storage Complex, in which DT Midstream owns a 50% interest |
| Southwestern Energy | Southwestern Energy Company and/or its affiliates |
| Stonewall | Stonewall Gas Gathering Lateral Pipeline, a 68-mile pipeline delivering Marcellus and Utica shale natural gas to the Columbia Pipeline, in which DT Midstream owns an 85% interest |
| Susquehanna Gathering | A 198-mile gathering system delivering Marcellus shale natural gas to Bluestone |
| Tax Matters Agreement | The agreement that governs the respective rights, responsibilities and obligations of DTE Energy and DT Midstream after the Separation with respect to all tax matters |
| Tennessee Pipeline | Tennessee Gas Pipeline Company, LLC, owned by Kinder Morgan, Inc. |
| Term Loan Facility | DT Midstream's term loan facility issued under the Credit Agreement |
| Texas Eastern Pipeline | Texas Eastern Transmission, LP, owned by Enbridge Inc. |
|---|---|
| Tioga Gathering | A 3-mile gathering system delivering shale natural gas to the Dominion Transmission interconnect |
| U.S. | United States of America |
| USD | United States Dollar ($) |
| Vector | Vector Pipeline LP, a joint venture that owns a 348-mile interstate transportation pipeline and five compression facilities connecting Illinois, Michigan, and Ontario market centers, in which DT Midstream owns a 40% interest |
| VIE | Variable Interest Entity |
| Washington 10 Storage Complex | An interstate storage system located in Michigan with 94 Bcf of storage capacity and associated compression facilities, in which DT Midstream owns a 91% interest |
| WOTUS | Navigable Waters Protection Rule under the U.S. federal Clean Water Act |
| 2020 PIPES Act | Protecting Our Infrastructure of Pipelines and Enhancing Safety Act of 2020 |
| 2029 Notes | Senior unsecured notes of $1.1 billion in aggregate principal amount due June 2029 |
| 2031 Notes | Senior unsecured notes of $1.0 billion in aggregate principal amount due June 2031 |
| 2032 Notes | Senior secured notes of $600 million in aggregate principal amount due April 2032 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.