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DT Midstream, Inc.
11/5/2021
Welcome to the DT Midstream third quarter 2021 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star, then the number one on your telephone keypad. And to withdraw your question, press star one again. I will now turn it over to our speaker today, Todd Lorman, Director of Investor Relations. Thank you. Please go ahead.
Good morning and welcome, everyone. Before we get started, I would like to remind you to read the Safe Harvest Statement on page two of the presentation, including the reference to forward-looking statements. Our presentation also includes references to non-GAAP financial measures. Please refer to the reconciliations to GAAP contained in the appendix. Joining me this morning are David Slater, President and CEO and Jeff Jewell, Executive Vice President and CFO. I'll now turn it over to David to start the call.
Thanks, Todd. Good morning, and thanks, everyone, for joining us today. I'll start on slide three. This was our first quarter as a standalone public company, and I'm happy to report that the business continued its strong performance. Based on that performance, we are raising our 2021 operating earnings adjusted EBITDA, distributable cash flow, and EPS guidance. We are now on track to deliver 10% EBITDA growth in 2021 compared to our 2020 original guidance. This is industry-leading organic growth. We are also reaffirming our 2022 early outlook, which we feel very confident in. On the commercial front, our team continues to execute on investment opportunities that will deliver distinctive future growth. Lastly, we continue to advance our ESG initiatives, which we expect will also provide growth opportunities and uniquely position the company for success in the long term. Let's turn to slide four. Ecamp has a very simple investment thesis and offers a unique opportunity for investors. Our asset platforms are well positioned to serve key markets from the two premier dry gas basins in the country. providing wellhead to market services. We have a clean balance sheet with low leverage and no significant maturities for seven years, supporting our self-funded growth agenda. Our strong cash flow generation is underpinned by long-term take-or-pay contracts, and we are committed to a leading ESG program with strong C-Corp governance and net zero carbon emissions by 2050. Now I'll pass it to Jeff, who will cover our financial results and guidance.
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