DT Midstream Inc. has released a company presentation highlighting its focus as a pure play natural gas pipeline company. The presentation outlines a long-term adjusted EBITDA growth rate of 5-7%, supported by a $2.3 billion organic project backlog. The company reports that approximately 70% of its adjusted EBITDA is projected to come from its pipeline segment, with the remainder from gathering operations. The portfolio is underpinned by around 95% demand-based contracts with an average contract tenor of seven years. DT Midstream is investment grade rated by all three major rating agencies and expects year-end 2025 leverage of 3.1x on-balance sheet and 3.8x proportional. The company is advancing significant modernization projects and has reached a final investment decision on 70% of its capital project backlog, with approximately $1.6 billion committed. Additional projects are scheduled through 2029, focusing on enhancing system efficiency and reliability. You can access the full presentation through the link below.