DT Midstream Inc
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 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-Q, 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 |
| Bluestone | A 65-mile gathering lateral pipeline and two compression facilities delivering Marcellus shale natural gas to Millennium and the Tennessee Pipeline |
| Blue Union Gathering | A 424-mile gathering system delivering shale natural gas from the Haynesville formation of Louisiana to markets in the Gulf Coast region |
| Columbia Pipeline | Columbia Gas Transmission, LLC, owned by TC Energy Corporation and Global Infrastructure Partners |
| Credit Agreement | DT Midstream's credit agreement provides for the Term Loan Facility and Revolving Credit Facility |
| DT Midstream | DT Midstream, Inc. and our consolidated subsidiaries |
| ETR | Effective tax rate |
| FASB | Financial Accounting Standards Board |
| FERC | Federal Energy Regulatory Commission |
| GAAP | Generally Accepted Accounting Principles in the United States |
| Generation | A 25-mile intrastate pipeline in northern Ohio and owned by NEXUS |
| GHG | Greenhouse gas |
| Haynesville System | Pipeline and gathering system which is comprised of LEAP, Blue Union Gathering and associated facilities |
| Inflation Reduction Act | The Inflation Reduction Act of 2022 (H.R. 5374) |
| LEAP | Louisiana Energy Access Project, a 210-mile gathering lateral pipeline delivering Haynesville shale natural gas to markets in the Gulf Coast region |
| 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 |
| MVC | Minimum volume commitment |
| NEXUS | NEXUS Gas Transmission, LLC, a joint venture that owns (i) a 256-mile interstate transportation 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 |
| Ohio Utica Gathering | A 20-mile gathering system, including compression and dehydration facilities, delivering Utica shale natural gas from producer wells to a nearby processing plant |
| Revolving Credit Facility | DT Midstream's secured revolving credit facility issued under the Credit Agreement |
DEFINITIONS
| SEC | Securities and Exchange Commission |
|---|---|
| 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 | A 68-mile gathering lateral 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 |
| 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. |
| 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 |
| 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.