Midstream company, DT Midstream announces stock repurchase

DT Midstream

DT Midstream, Inc. announced that its Board of Directors approved a repurchase; of up to an aggregate of one hundred twenty-five thousand (125,000) shares of its common stock; to offset an equivalent amount of common shares issued under its 2022 stock-based compensation program.

The repurchases will be made from time to time on the open market at prevailing market prices; or in negotiated transactions off the market.

The repurchase program will continue through the end of the current fiscal year; unless extended or shortened by the Board of Directors.

About DT Midstream

Firstly, DT Midstream is an owner, operator, and developer of natural gas interstate and intrastate pipelines; storage and gathering systems, compression, treatment, and surface facilities.

Secondly, the company transports clean, natural gas for utilities, power plants, marketers, large industrial customers, and energy producers; across the Southern, Northeastern, and Midwestern United States and Canada.

Finally, DT Midstream is transitioning towards net-zero greenhouse gas emissions by 2050.

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Leading the Industry in Environmental Stewardship

First, DT Midstream is an industry leader in environmental sustainability. The company is responsible for addressing climate change and making consistent, effective ecological policies a priority.

As a result, the group works answering a marketplace need sharing the belief in environmental stewardship.

Besides, DT Midstream goes with existing regulations on methane emissions; and is among the first of its peers to commit to achieving net-zero greenhouse gas emissions, by 2050.

Also, the company reported methane intensity data as part of the Natural Gas Sustainability Initiative (NGSI). I

Finally, in 2019 the company’s methane intensity from its gathering operations was materially below its industry peers.

Read here for more information about DT Midstream.

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