DT Midstream, Inc. (NYSE:DTM) Q4 2023 Earnings Call Transcript

But there are other opportunities that are emerging and growing in that segment. I’d say if there is any reallocation happening over time, my intuition would be that the Energy Transition segment grows quicker or attracts more capital quicker than some of the other segments. It just feels like it’s on the verge of really stepping forward quickly, especially with a lot of the tax incentives that have been laid out that are really accelerant to some of these investment opportunities.

Sunil Sibal: So just one clarification on that. Do you mean that opportunity set might be widening beyond CCS for you or is it more of CCS as you kind of achieve success in that?

David Slater: Yeah. I think there’s more beyond just the Louisiana CCS. I think for us, Louisiana CCS is demonstrating to the market that we are very capable to execute a CCS project in a disciplined way. I think the low carbon fuels, which we laid out is a really interesting space that’s growing quickly and taking our CCS expertise to third parties and really growing a third-party carbon capture and storage business is very real for us as I look out over the next five years?

Sunil Sibal: Okay. Got it. Thanks for that.

David Slater: You’re welcome.

Operator: And there are no further questions at this time. I would like to turn the conference over to David Slater for closing remarks.

David Slater: Well, thank you very much for your time this morning, and thank you very much for your interest on DTM. We greatly appreciate everyone as investors, and I look forward to meeting everyone in person at the next conference. Have a great Friday, and enjoy your weekend.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.