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 (DTM) delivered a robust financial performance for the third quarter of 2025, exemplifying its strength in executing strategic growth initiatives and optimizing operational efficiencies.</li><li>The company raised its 2025 adjusted EBITDA guidance midpoint by 18% compared to the prior year, reaching $1.13 billion, and reaffirmed its 2026 adjusted EBITDA outlook.</li><li>This increase underscores DTM's successful adaptation to changing market dynamics and its ability to leverage its infrastructure for higher profitability.</li></ul>

DT Midstream (DTM) delivered a robust financial performance for the third quarter of 2025, exemplifying its strength in executing strategic growth initiatives and optimizing operational efficiencies.The company raised its 2025 adjusted EBITDA guidance midpoint by 18% compared to the prior year, reaching $1.13 billion, and reaffirmed its 2026 adjusted EBITDA outlook.This increase underscores DTM's successful adaptation to changing market dynamics and its ability to leverage its infrastructure for higher profitability.

DT Midstream Supercharges the Northern Corridor—Will Minnesota

<ul><li>DT Midstream, a company focused on the transport and storage of natural gas, reported its second-quarter fiscal 2025 results showcasing an active period with several key developments.</li><li>The company reaffirmed its 2025 adjusted EBITDA guidance range as well as its early outlook for 2026, projecting stability in its financial targets.</li><li>This assertion was supported by strong performance in the quarter, albeit with a slight decrease in adjusted EBITDA by $3 million to $277 million compared to the prior quarter.</li></ul>

DT Midstream, a company focused on the transport and storage of natural gas, reported its second-quarter fiscal 2025 results showcasing an active period with several key developments.The company reaffirmed its 2025 adjusted EBITDA guidance range as well as its early outlook for 2026, projecting stability in its financial targets.This assertion was supported by strong performance in the quarter, albeit with a slight decrease in adjusted EBITDA by $3 million to $277 million compared to the prior quarter.

DT Midstream Seizes LNG Boom With Massive Gulf Coast Connectivity!

<ul><li>DT Midstream Inc. reported on a robust start to 2025, maintaining a steady roadmap with its financial and operational strategies.</li><li>The company reaffirmed its 2025 adjusted EBITDA guidance and extended its favorable outlook into 2026.</li><li>The integration of newly acquired interstate pipelines is progressing smoothly, with all financial activities transitioned into DT Midstream’s systems by April 1st.</li></ul>

DT Midstream Inc. reported on a robust start to 2025, maintaining a steady roadmap with its financial and operational strategies.The company reaffirmed its 2025 adjusted EBITDA guidance and extended its favorable outlook into 2026.The integration of newly acquired interstate pipelines is progressing smoothly, with all financial activities transitioned into DT Midstream’s systems by April 1st.

DT Midstream: Expanding Capacity & Infrastructure Synergies To Shape the Future!

<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

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)

DT Midstream Supercharges the Northern Corridor—Will Minnesota

DT Midstream (DTM) delivered a robust financial performance for the third quarter of 2025, exemplifying its strength in executing strategic growth...

Baptista Research

DT Midstream Seizes LNG Boom With Massive Gulf Coast Connectivity!

DT Midstream, a company focused on the transport and storage of natural gas, reported its second-quarter fiscal 2025 results showcasing an active...

Baptista Research

DT Midstream: Expanding Capacity & Infrastructure Synergies To Shape the Future!

DT Midstream Inc. reported on a robust start to 2025, maintaining a steady roadmap with its financial and operational strategies. The company...

Baptista Research

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

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