Dt midstream announces $1.2 billion acquisition of strategic midwest ferc-regulated natural gas pipelines

Detroit, nov. 19, 2024 (globe newswire) -- dt midstream, inc. (nyse: dtm) today announced that it has reached an agreement to acquire a portfolio of three ferc-regulated natural gas transmission pipelines from oneok, inc. (nyse: oke) for $1.2 billion. the pipelines have a total capacity of more than 3.7 bcf/d with approximately 1,300 miles across seven states in the attractive midwest market region which is expected to experience continued growth in power demand. the acquisition price represents an approximately 10.5x 2025 ebitda multiple.
DTM Ratings Summary
DTM Quant Ranking