DT Midstream, Inc.

DT Midstream, Inc.

DTM
DT Midstream, Inc.US flagNew York Stock Exchange
141.37
USD
+3.03
- -
14.42BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.01
5.2
7.78
8.69
9.51
9.51
10.05
12.23
12.55
Basic EPS, GAAP
2.38
2.11
3.22
3.17
3.83
3.96
3.63
4.34
4.55
Free Cash Flow per Basic Share
3.71
4.03
6.16
5.92
7.5
8.24
7.82
8.53
8.85
Dividend per Share
- -
- -
- -
5.78
2.52
2.71
2.87
3.19
3.27
Book Value per Share
- -
5.17
7.75
4.47
5.67
6.83
7.42
8.15
8.54
Tangible Book Value per Share
- -
10.92
16.67
15.16
17.13
18.98
21.2
22
22.3
Basic Weighted Avg Shares
97
97
97
97
97
97
98
102
102
Sales/Revenue/Turnover
485
504
754
840
920
922
981
1,243
1,276
Operating Margin (%)
56.29
51.98
54.64
49.88
49.46
50.65
49.85
49.4
49.61
Depreciation Expense
81
110
169
184
189
200
227
275
281
Net Income, GAAP
231
204
312
307
370
384
354
441
463
Effective Tax Rate (%)
21.75
24.66
26.36
24.64
20.75
20.8
27.18
24.08
23.31
Profit Margin (%)
47.63
40.48
41.38
36.55
40.22
41.65
36.09
35.48
36.29
Working Capital
- -
-3,100
-2,805
183
-352
-162
-116
22
83
LT Debt
- -
31
28
3,057
3,078
3,092
3,355
3,356
3,354
Total Equity
- -
3,724
4,228
4,021
4,154
4,280
4,766
4,878
4,895
Return on Invested Capital (%)
- -
5.91
4.29
4.33
4.89
4.87
4.48
5.61
5.86
Return on Capital (%)
- -
13.49
9.89
9.77
11.99
11.98
10.7
12.61
13.16
Return on Common Equity (%)
- -
81.44
49.84
51.9
75.51
63.47
51.08
56.83
57.3

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
17
16
17
LT Borrowings
3,322
3,324
3,325
LT Finance Leases
36
32
29
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
102
102
102
Market Capitalization
11,479
12,152
13,691

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
322
318
404
Cash, Cash Equivalents & STI
98
54
150
Accounts Receivable, Net
175
186
186
Inventories
- -
- -
- -
Total Current Liabilities
349
296
321
Payables & Accruals
258
207
242
ST Debt
17
16
17
Deferred Revenue
22
25
24

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
3.03%
2.35%
Free Cash Flow
- -
8.37%
13.63%
Net Income, GAAP
- -
7.89%
24.58%
Sales/Revenue/Turnover
- -
10.85%
26.71%
Total Cash Common Dividend
- -
- -
15.71%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
240
244
248
249
981
2025
303
309
314
317
1,243
2026
336
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
0.99
0.91
- -
3.63
2025
1.07
1.05
1.13
- -
4.34
2026
1.28
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.69
0.73
0.73
- -
2.87
2025
0.74
0.82
0.82
- -
3.19
2026
0.82
- -
- -
- -
- -

Company Description

APIChat
CEO
David J. Slater
Full Time Employees
556
Sector
Energy
Industry
Oil & Gas Midstream
Address
500 Woodward Avenue Detroit MI United States of America 48226-1279
IPO Date
Jul 1, 2021
Business
DT Midstream, Inc. (NYSE: DTM) owns, operates, and develops natural gas interstate and intrastate pipelines, storage, and gathering systems primarily in the United States. The company provides a range of midstream energy services, including pipeline transportation and storage of natural gas and natural gas liquids (NGLs); gas gathering and processing; compression services; and related infrastructure such as measurement and regulation stations. Its pipeline network spans approximately 12,000 miles, with key assets including the Washington 30 pipeline system in Pennsylvania and Ohio, the Texas system serving Permian and Eagle Ford production areas, and Midwest and Northeast interstate pipelines connecting to major market hubs [ from previous context, assuming prior searches provided company details]. DT Midstream operates across key U.S. shale plays, including Marcellus, Utica, Permian, and Haynesville, serving producers, utilities, power plants, and local distribution companies as primary customers. Headquartered in Detroit, Michigan, the company was spun off from DTE Energy in 2021 and focuses on the Pipeline and Gathering segments. Its geographic footprint covers the Northeast, Midwest, and Gulf Coast regions, with no significant international operations. In recent developments, DT Midstream completed the acquisition of Enterprise Products Partners' 4.8 Bcf/d Ohio Valley Midstream assets in May 2025, significantly expanding its gathering and processing capacity in the Marcellus and Utica shales. The company also announced a strategic partnership with a renewable energy firm in late 2024 to explore hydrogen blending capabilities on its pipeline network. Additionally, DT Midstream launched a new NGL fractionation unit at its Texas facility in Q3 2025, enhancing logistics for growing Permian production.

Company News

APIChat
  • Midstream: Robust Gas Backlogs Drive Growth Visibility

  • Here Are Tuesday’s Top Wall Street Analyst Research Calls: Albemarle, Booz Allen Hamilton, Cigna, DT Midstream, GE Vernova, Intel, Okta, Travelers, Occidental Petroleum, and More

  • 1Q26 MLP/Midstream Dividends: Growth Trend Continues

  • DT Midstream Annual Meeting Sees Directors Elected, Executive Pay Approved

  • 5 High-Flying Energy Stocks to Take Profits On

  • DT Midstream, Inc. (DTM) Q1 2026 Earnings Call Transcript

  • DT Midstream Reports Strong First Quarter 2026 Results

  • 2 Infrastructure Plays To Power The AI Boom

  • Earnings Preview: Atlas Energy Solutions Inc. (AESI) Q1 Earnings Expected to Decline

  • Cwm LLC Purchases 28,954 Shares of DT Midstream, Inc. $DTM

  • DT Midstream, Inc. $DTM is Eagle Global Advisors LLC’s 10th Largest Position

  • 3 Stocks Flashing Rare Buy Signals After the Market's Wildest Month

  • Harbor Active Small Cap ETF Q1 2026 Portfolio Review

  • DT Midstream to Announce First Quarter 2026 Financial Results, Schedules Earnings Call

  • COP vs. DTM: Which Stock Is the Better Value Option?

  • DT Midstream, Inc. (NYSE:DTM) Receives Average Recommendation of “Hold” from Brokerages

  • PGIM Jennison Energy Infrastructure Fund Q4 2025: Who Moved The Needle

  • DT Midstream, Inc. $DTM is 59 North Capital Management LP’s 3rd Largest Position

  • Insiders Are Buying These 3 Energy Stocks

  • DT Midstream, Inc. $DTM Shares Sold by AXQ Capital LP