DT Midstream plans $300 million stock offering to fund equity acquisitions

From GlobeNewswire: 2024-11-19 17:26:00

DT Midstream, Inc. has announced a public offering of $300 million in common stock, with an option for underwriters to purchase additional shares. The proceeds will fund an acquisition of equity interests in Guardian Pipeline, L.L.C., Midwestern Gas Transmission Company, and Viking Gas Transmission Company. The offering is subject to market conditions. DT Midstream operates natural gas pipelines and facilities across the U.S. and Canada. The company aims to reduce carbon emissions by 30% by 2030 and achieve net zero emissions by 2050. Forward-looking statements caution investors on potential risks and uncertainties.



Read more at GlobeNewswire: DT Midstream Announces Proposed Public Offering of Common