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DT Midstream, Inc.
7/30/2026
Welcome to the DT Midstream second quarter 2026 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 would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I will now turn it over to our speaker today, Todd Lohrmann, 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 Harbor 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, Executive Chairman and CEO, Chris Zona, President and COO, and Jeff Jewell, Executive Vice President and CFO. So with that, I'll go ahead and turn the call over to David.
Thanks, Todd, and good morning, everyone, and thank you for joining. During today's call, I'll highlight our key accomplishments for the quarter and discuss the constructive market fundamentals driving demand across our footprint. I'll then turn it over to Chris and Jeff to review our commercial activity, project execution, and financial performance and outlook. So with that, midway through the year, we continue to execute our focused strategy while delivering strong results. The organization is firing on all cylinders, giving us confidence in our full-year plan and the future. We're successfully converting strong demand from LNG, power generation, and data center development into new commercial opportunities and organic growth across our footprint. With today's announcements, we have now commercialized 60% of our 3.4 billion organic project backlog, with more than 80% of this being committed to pipeline projects. The momentum we're seeing across our business is underpinned by durable market fundamentals that will support growth for many years to come. The market environment continues to reinforce the critical role of natural gas infrastructure, with both domestic and global demand growth highlighting the importance of reliable, secure, and affordable energy supply. A study released earlier this year by the Inca Foundation concluded that North America will require over $1 trillion of new pipeline infrastructure investment over the next 25 years, highlighting the significant need to connect supply to growing demand centers and supporting the strong investment thesis in natural gas pipeline infrastructure in North America. Internationally, growing LNG demand and ongoing supply disruptions are favoring U.S.-sourced LNG exports as a secure and reliable procurement strategy. We continue to believe this dynamic will support additional LNG-related infrastructure investment along the Gulf Coast, creating expansion opportunities across the natural gas value chain, including on our Haynesville system. Natural gas also remains the most reliable and affordable domestic energy source available at scale and plays a critical role in supporting future power demand growth. Our interstate gas pipeline footprint is strategically located to serve this growth, and we continue to advance multiple opportunities across our system supported by these favorable market fundamentals. I'll now turn it over to Chris to walk you through the commercial activity and construction projects that are converting this demand into growth across our footprint.
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