ONEOK to Sell Three Interstate Natural Gas Pipeline Systems for $1.2B [Yahoo! Finance]
DT Midstream, Inc. (DTM)
Company Research
Source: Yahoo! Finance
Under this agreement, ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion, subject to customary adjustments. The transaction, unanimously approved by the boards of directors of both ONEOK and DT Midstream, is expected to be closed in the fourth quarter of 2024, subject to customary closing conditions, including Hart-Scott-Rodino Act clearance. The three interstate natural gas pipeline systems consist of Guardian Pipeline, L.L.C. links to local natural gas distribution and power generation firms in Wisconsin, as well as a number of pipes at the Chicago Hub near Joliet, IL. The second is Midwestern Gas Transmission — a bidirectional system that includes several interstate pipelines with access to the Marcellus and Utica shale, a major pipeline interconnect near Portland, TN, and multiple interstate pipelines at the Chicago Hub near Joliet, IL. The third is Viking Gas Transmission — a two-way system that conn
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DTM
News
- DT Midstream, Inc. (NYSE: DTM) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $74.00 to $94.00. They now have a "sell" rating on the stock.MarketBeat
- DT Midstream, Inc. (NYSE: DTM) was upgraded by analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating. They now have a $106.00 price target on the stock, up previously from $89.00.MarketBeat
- DT Midstream Announces Closing of Offering of Senior Secured NotesGlobeNewswire
- This High-Yield Dividend Stock Continues Its Wheeling and Dealing With $5.5 Billion of Additional Deals [Yahoo! Finance]Yahoo! Finance
- ONEOK's $4.3 Billion Power Play: Dominating the Permian Energy Game [Yahoo! Finance]Yahoo! Finance
DTM
Earnings
- 10/29/24 - Beat
DTM
Sec Filings
- 12/12/24 - Form 8-K
- 12/6/24 - Form 4/A
- 12/6/24 - Form 8-K
- DTM's page on the SEC website