GLIO Podcast Series

David Slater, DT Midstream Q&A with Laiken Gladwell, ClearBridge Investments

Episode Summary

Listen to Laiken Gladwell of ClearBridge Investments interviewing David Slater, CEO of DT Midstream, for the Global Listed Infrastructure Organisation (GLIO) CEO Interview series.

Episode Notes

What you'll learn: 

• DT Midstream has delivered strongly since the DTE spin-off, with over 300% TSR, investment-grade status and dividend growth. 
• The ONEOK Midwest pipeline acquisition has exceeded expectations, with growth capital already roughly matching the original acquisition cost. 
• DTM’s “network effect” is a major value driver, linking pipelines, storage and supply routes across a wellhead-to-market footprint. 
• Natural gas demand is supported by LNG exports, power growth and data centres, especially across the Upper Midwest. 
• New York/New England could be a significant future opportunity, but DTM will remain cautious given political and permitting risk. 
• The $3.4bn backlog underpins durable organic growth, with around half already FID’d and execution risk actively managed. 
• DTM’s midsize, nimble model is a competitive advantage, allowing fast customer response, disciplined execution and selective M&A.