Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>DT Midstream exhibited a robust performance throughout the fiscal year 2024, signaling ongoing growth and operational success.</li><li>The company reported an adjusted EBITDA of $969 million for the year, surpassing its guidance midpoint and highlighting a consistent annual growth rate of 10% since its inception in 2021.</li><li>Despite a backdrop of challenging sector dynamics, including low natural gas prices, issues with LNG export permit approvals, and a volatile political landscape, DT Midstream managed to maintain resilience and achieve high performance.</li></ul>

DT Midstream exhibited a robust performance throughout the fiscal year 2024, signaling ongoing growth and operational success.The company reported an adjusted EBITDA of $969 million for the year, surpassing its guidance midpoint and highlighting a consistent annual growth rate of 10% since its inception in 2021.Despite a backdrop of challenging sector dynamics, including low natural gas prices, issues with LNG export permit approvals, and a volatile political landscape, DT Midstream managed to maintain resilience and achieve high performance.

DTE Midstream: Infrastructure Investment & Expansion to Capitalize On Transitioning Coal Plants To Natural Gas!

<ul><li>DT Midstream, a spinoff from DTE Energy in 2021, continues to demonstrate a strong operational trajectory and robust financial performance as reflected in the third-quarter earnings for 2024.</li><li>The company has adjusted its 2024 EBITDA guidance to $950 million to $980 million, reinforcing its positive trajectory and confirming its 2025 EBITDA outlook as well.</li><li>They've also increased distributable cash flow guidance for 2024 to $670 million to $700 million, reflecting lower interest and cash taxes.</li></ul>

DT Midstream, a spinoff from DTE Energy in 2021, continues to demonstrate a strong operational trajectory and robust financial performance as reflected in the third-quarter earnings for 2024.The company has adjusted its 2024 EBITDA guidance to $950 million to $980 million, reinforcing its positive trajectory and confirming its 2025 EBITDA outlook as well.They've also increased distributable cash flow guidance for 2024 to $670 million to $700 million, reflecting lower interest and cash taxes.

DT Midstream Inc.: An Insight Into Its Natural Gas Market Resilience and Expansion Prospects! - Major Drivers

<ul><li>DT Midstream reported strong financial results in the second quarter of 2024, continuing to align with their full-year plans.</li><li>President and CEO David Slater confirmed the reaffirmation of their 2024 adjusted EBITDA guidance range and provided a positive outlook for 2025.</li><li>The quarter highlighted several strategic advancements, particularly in organic growth projects which are expected to drive future earnings.</li></ul>

DT Midstream reported strong financial results in the second quarter of 2024, continuing to align with their full-year plans.President and CEO David Slater confirmed the reaffirmation of their 2024 adjusted EBITDA guidance range and provided a positive outlook for 2025.The quarter highlighted several strategic advancements, particularly in organic growth projects which are expected to drive future earnings.

DT Midstream Inc.: Leveraging LNG Growth & Commercial Growth Opportunities To Change The Game! - Major Drivers

<ul><li>DT Midstream reported a positive start to the first quarter of 2024, underpinned by advancements in strategic growth projects and stable financial metrics.</li><li>The highlights from the results include an adjusted EBITDA of $245 million, marking an increase of $6 million from the previous quarter.</li><li>These figures were attributed to a robust performance in the gathering segment and consistent results in the pipeline segment.</li></ul>

DT Midstream reported a positive start to the first quarter of 2024, underpinned by advancements in strategic growth projects and stable financial metrics.The highlights from the results include an adjusted EBITDA of $245 million, marking an increase of $6 million from the previous quarter.These figures were attributed to a robust performance in the gathering segment and consistent results in the pipeline segment.

DT Midstream Inc.: Emerging Opportunities in Carbon Capture and Sequestration! - Major Drivers

<ul><li>DT Midstream entered the year 2024 on a solid footing, having delivered a commendable 2023 performance with a full year adjusted EBITDA of $924 million, which surpassed its guidance midpoint and showed 10% growth year-on-year.</li><li>The company's completion of its largest-ever construction program ahead of schedule and its successful placement of the LEAP Phase 1 and 2 expansions in service early reflected on its operational competence and integrative planning.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

DT Midstream entered the year 2024 on a solid footing, having delivered a commendable 2023 performance with a full year adjusted EBITDA of $924 million, which surpassed its guidance midpoint and showed 10% growth year-on-year.The company's completion of its largest-ever construction program ahead of schedule and its successful placement of the LEAP Phase 1 and 2 expansions in service early reflected on its operational competence and integrative planning.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

DT Midstream Inc.: Initiation Of Coverage - Will Their Focus on Carbon Capture and Storage (CCS) Projects Pay Off? - Major Drivers

United States

DT Midstream, Inc. owns, operates, and develops natural gas midstream interstate pipelines. The Company focuses on intrastate and gathering lateral pipelines, storage, gathering systems and compression, treatment, and surface facilities. DT Midstream serves clients in the United States.

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DT Midstream Inc (DTM US)

DTE Midstream: Infrastructure Investment & Expansion to Capitalize On Transitioning Coal Plants To Natural Gas!

DT Midstream exhibited a robust performance throughout the fiscal year 2024, signaling ongoing growth and operational success. The company...

Baptista Research

DT Midstream Inc.: An Insight Into Its Natural Gas Market Resilience and Expansion Prospects! - Major Drivers

DT Midstream, a spinoff from DTE Energy in 2021, continues to demonstrate a strong operational trajectory and robust financial performance as...

Baptista Research

DT Midstream Inc.: Leveraging LNG Growth & Commercial Growth Opportunities To Change The Game! - Major Drivers

DT Midstream reported strong financial results in the second quarter of 2024, continuing to align with their full-year plans. President and CEO...

Baptista Research

DT Midstream Inc.: Emerging Opportunities in Carbon Capture and Sequestration! - Major Drivers

DT Midstream reported a positive start to the first quarter of 2024, underpinned by advancements in strategic growth projects and stable financial...

Baptista Research

DT Midstream Inc.: Initiation Of Coverage - Will Their Focus on Carbon Capture and Storage (CCS) Projects Pay Off? - Major Drivers

DT Midstream entered the year 2024 on a solid footing, having delivered a commendable 2023 performance with a full year adjusted EBITDA of $924...

Baptista Research

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