DT Midstream, Inc. DTM
- Market cap
- $12.7B
- P/E
- 26.7×
Follow DTM
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | 38.46 | 45.58 | 45.11 | 51.17 | 83.30 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
||
| — | — | — | — | — | 50.52 | 61.12 | 58.30 | 109.85 | 122.70 |
High Price
|
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| — | — | — | — | 258 | 280 | 362 | 402 | 556 | 588 |
Employees
|
|||
| — | — | 0 | 0 | 3 | 3 | 3 | 2 | 2 | 2 |
Revenue/Emp
|
|||
| — | — | 485 | 504 | 754 | 840 | 920 | 922 | 981 | 1,243 |
Revenue
|
|||
| — | — | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin
|
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| — | — | 331 | 292 | 440 | 422 | 482 | 500 | 504 | 598 |
EBT
|
|||
| — | — | 68.25% | 57.94% | 58.36% | 50.24% | 52.39% | 54.23% | 51.38% | 48.11% |
EBT Margin
|
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| — | — | 259 | 220 | 324 | 318 | 382 | 396 | 367 | 454 |
Net Income
|
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| — | — | 81 | 110 | 169 | 184 | 189 | 200 | 227 | 275 |
Depreciation
|
|||
| — | — | 5.01 | 5.21 | 7.80 | 8.69 | 9.51 | 9.52 | 10.05 | 12.23 |
Revenue/Sh
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|||
| — | — | 2.67 | 2.28 | 3.35 | 3.17 | 3.83 | 3.94 | 3.63 | 4.34 |
Earnings/Sh
|
|||
| — | — | 3.71 | 4.03 | 6.17 | 5.92 | 7.50 | 8.24 | 7.82 | 8.53 |
Cash Flow/Sh
|
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| — | — | (1.82) | (2.18) | (5.36) | (1.45) | (3.50) | (7.97) | (3.59) | (4.19) |
Capex/Sh
|
|||
| — | — | 1.89 | 1.85 | 0.82 | 4.47 | 4.00 | 0.27 | 4.23 | 4.34 |
Free CF/Sh
|
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| — | — | 0.00 | 38.51 | 43.72 | 41.58 | 42.96 | 44.17 | 48.83 | 48.01 |
Book Value/Sh
|
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| — | — | 97 | 97 | 97 | 97 | 97 | 97 | 98 | 102 |
Shares
|
|||
| — | — | 12.61 | 12.61 | 12.61 | 15.01 | 13.91 | 13.95 | 27.47 | 27.58 |
PE Ratio
|
|||
| — | — | 4.98 | 4.98 | 4.98 | 5.52 | 5.59 | 5.79 | 9.89 | 9.78 |
PS Ratio
|
|||
| — | — | 1.02 | 1.02 | 1.02 | 1.15 | 1.24 | 1.25 | 2.04 | 2.49 |
PB Ratio
|
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| — | — | 8.67 | 8.67 | 8.67 | 8.99 | 9.20 | 9.24 | 13.36 | 12.43 |
EV/Sales
|
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| — | — | 17.86 | 17.86 | 17.86 | 17.49 | 21.88 | 327.50 | 31.73 | 35.04 |
EV/FCF
|
|||
| — | — | 359 | 390 | 597 | 572 | 725 | 798 | 763 | 867 |
Op' Cash Flow
|
|||
| — | — | (176) | (211) | (518) | (140) | (338) | (772) | (350) | (426) |
Capex
|
|||
| — | — | 183 | 179 | 79 | 432 | 387 | 26 | 413 | 441 |
FCF
|
|||
| — | — | — | (3,100) | (2,805) | 183 | (352) | (162) | (116) | 22 |
Working Cap'
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| — | — | — | 2,922 | 3,203 | 3,046 | 3,389 | 3,230 | 3,469 | 3,324 |
Total Debt
|
|||
| — | — | — | 2,876 | 3,161 | 2,914 | 3,328 | 3,174 | 3,401 | 3,270 |
Net Debt
|
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| — | — | 0 | 3,724 | 4,228 | 4,021 | 4,154 | 4,280 | 4,766 | 4,878 |
Sh' Equity
|
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| — | — | 5.93% | 5.24% | 3.87% | 3.72% | 4.35% | 4.31% | 3.74% | 4.41% |
ROA
|
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| — | — | 0.00% | 2.47% | 3.50% | 3.62% | 3.99% | 3.95% | 3.74% | 4.71% |
ROIC
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| — | — | 0.00% | 5.13% | 7.85% | 7.44% | 9.05% | 9.11% | 7.83% | 9.15% |
ROE
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DT Midstream, Inc. peers in Oil & Gas Midstream
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| VNOM Viper Energy Inc. | $15.0B | 292× | Compare |
| FRO Frontline PLC | $10.5B | 7.1× | Compare |
| AM Antero Midstream Corporation | $10.1B | 24.9× | Compare |
| PAA Plains All American Pipeline, L.P. | $17.4B | 6.8× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| WES Western Midstream Partners, LP | $18.7B | 14.3× | Compare |
| KNTK Kinetik Holdings Inc. | $8.5B | 18.4× | Compare |
| PAGP Plains Group Holdings, L.P. | $20.3B | 9.5× | Compare |
| HESM Hess Midstream Partners LP | $7.9B | 13.2× | Compare |
DT Midstream, Inc. (DTM) key facts
- DT Midstream, Inc. (DTM) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
- DT Midstream, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 26.7% from fiscal 2024.
- As of September 25, 2026, DTM traded at $122.28, a market capitalization of $12.7 billion.
- DT Midstream, Inc. pays an annual dividend of $2.71 per share, a yield of 5.34%, with a payout ratio of 70.0%.
- Return on equity was 9.15% and debt-to-equity 0.68.
DT Midstream, Inc. (DTM) Latest News
21 Sep
DT Midstream Inc (DTM) announced a total dividend of $0.88 per share, with an ex-div date of 2026-09-21 and cash payable on 2026-10-15. The company, a natural gas midstream operator with interstate and intrastate pipelines, storage, gathering, and related facilities in the Pipeline and Gathering segments, has paid quarterly dividends since its 2021 spinoff. Current trailing yield is about 2.70% and the forward yield about 2.80%, with three-year dividend growth around 8.6%. As of 2026-06-30, the payout ratio is 0.74, implying solid profitability but limited cushion if earnings weaken. Growth metrics show steady revenue per share and three-year EPS growth; five-year EBITDA growth is around 5%. The dividend appears well-covered today, but long-term sustainability depends on continued execution in the midstream sector and sector conditions. Investors should weigh the steady yield against the payout ratio and midstream risk. Dividend sustainability depends on stable cash flows given a payout ratio of 0.74, with earnings volatility in midstream posing downside risk.
26 Aug
DT Midstream's bull case faces tests as rising gas demand narratives confront valuation questions that could shape investor views on growth sustainability. Valuation questions tied to gas demand create moderate pressure on sentiment and near-term performance without altering core trajectory.
7 Aug
DT Midstream's strategic pipeline network secures the company's long-term earnings potential through expanded infrastructure and stable revenue streams. Pipeline network expansion directly strengthens DTM's core midstream operations and earnings visibility.
31 Jul
DT Midstream Q2 earnings call highlighted revenue growth, higher adjusted EBITDA, and progress on natural gas pipeline expansions with positive forward guidance. Quarterly earnings and guidance updates directly shape near-term investor sentiment and valuation for the company.
30 Jul
DT Midstream reported strong second quarter 2026 results. Strong quarterly results signal improved performance that can lift valuation and investor outlook.
DT Midstream achieved record Haynesville throughput in Q2 2026, as detailed in the earnings call highlights. Record throughput strengthens operational results and supports near-term revenue outlook.
23 Jul
DT Midstream (DTM) earnings expected to grow ahead of next week's release. Anticipated earnings growth may moderately affect DTM financial performance and investor sentiment.
4 May
DT Midstream, Inc. exceeded analyst earnings forecasts, leading analysts to update their models. Exceeding earnings forecasts positively affects financial performance and market sentiment but remains balanced by broader industry factors.
1 May
DT Midstream, Inc. (DTM) reported strong Q1 results and secured new expansion approvals, prompting a positive valuation review amid growth potential. Strong Q1 results combined with expansion approvals boost DTM's financial performance and long-term growth trajectory.
DT Midstream, Inc. (DTM) Q1 earnings call highlights key financial results, operational updates, and forward guidance. Q1 earnings highlights detail financial performance and strategic outlook, likely shifting investor sentiment and stock trajectory.
DT Midstream, Inc. Q1 2026 earnings call summary covers quarterly financial results, operational updates, and forward guidance. Q1 2026 earnings summary reveals financial performance and outlook with moderately noticeable effects on investor sentiment and trajectory.
30 Apr
DT Midstream, Inc. (DTM) reported strong first quarter 2026 results. Strong Q1 2026 results indicate robust financial performance, likely driving positive investor sentiment and stock price gains.
23 Apr
DT Midstream (DTM) investment story shifts amid strong growth backlog offset by concerns over rich valuation. Growth backlog bolsters expansion potential but rich valuation concerns moderate investor sentiment and financial outlook.
6 Mar
DT Midstream, Inc. (DTM) reported $1.138 billion in FY2025 adjusted EBITDA, reflecting 17% year-over-year growth. 17% YoY growth in FY2025 adjusted EBITDA to $1.138B demonstrates robust financial performance likely boosting investor confidence and stock trajectory.
4 Mar
DT Midstream, Inc. (DTM) upgraded its growth outlook and increased dividends, prompting a valuation reassessment highlighting improved fundamentals and investor appeal. Upgraded growth outlook and dividend increase boost investor sentiment and signal stronger financial trajectory for DTM.
25 Feb
Citi raised its price target for DT Midstream, Inc. (DTM) to $156 from $130. Citi's 20% price target increase signals strong analyst confidence, likely boosting investor sentiment and stock performance significantly.
23 Feb
DT Midstream (DTM) investment story shifts with new capex plans boosting growth outlook and driving rising analyst price targets. Capex plans and rising targets indicate major strategic expansions enhancing DTM's growth prospects and market valuation.
20 Feb
DT Midstream, Inc. (DTM) Q4 earnings call highlights financial results, operational performance, strategic initiatives, and forward-looking guidance. Q4 earnings call highlights detail financial outcomes and guidance that significantly shape investor expectations and stock trajectory.
19 Feb
DT Midstream Inc. (DTM) reported record EBITDA in its Q4 2025 earnings call, alongside strategic growth initiatives driving expansion in core operations. Record EBITDA reflects strong financial results, and strategic growth plans indicate major positive shifts in trajectory and investor outlook.
DT Midstream (DTM) Q4 2025 earnings call transcript released, covering quarterly financial results, operational updates, and forward guidance. Q4 earnings transcript details financial performance, guidance, and strategy, significantly influencing stock price and investor outlook.
DT Midstream, Inc. Q4 2025 earnings call summary details financial performance, operational updates, strategic initiatives, and forward-looking guidance for the midstream energy company. Q4 earnings results and guidance signal major financial health indicators and strategic shifts influencing stock trajectory and investor confidence.
DT Midstream, Inc. (DTM) released its Q4 earnings snapshot, detailing financial results for the quarter. Q4 earnings snapshots reveal key financial metrics that significantly impact stock performance and future outlook.
DT Midstream, Inc. (DTM) reported record 2025 results, raised its dividend, and increased its project backlog by 50%. Record results, dividend raise, and 50% backlog increase signal major positive shifts in financial performance and growth trajectory.
14 Feb
DT Midstream, Inc. (DTM) has experienced a notable increase in share price, prompting a reevaluation of its valuation metrics. Analysts are assessing the implications of this price strength on the company's future performance and market positioning. Factors such as market trends, operational efficiency, and competitive landscape are being considered in the analysis. Investors are keenly observing how these elements may influence DTM's trajectory moving forward. The recent share price strength suggests a moderately noticeable influence on DTM's market performance and investor sentiment.
12 Feb
DT Midstream, Inc. (DTM) is anticipated to report earnings growth in the upcoming release, driven by strong demand for its services and strategic initiatives. Analysts are optimistic about the company's performance, highlighting its robust operational framework and market positioning. Investors are advised to monitor key metrics and guidance provided in the earnings report, which could influence market sentiment and stock performance. Earnings growth expectations indicate significant potential for improved financial performance and investor sentiment.
10 Feb
DT Midstream, Inc. (DTM) has reached a record high in stock price and received an upgrade in its Relative Strength Rating, indicating strong performance relative to other stocks. This achievement reflects positive market sentiment and investor confidence in the company's operations and future prospects. The stock hitting a record high and receiving a rating upgrade suggests significant positive momentum and investor interest, likely impacting future performance.
29 Jan
David Slater has been elected as the Executive Chairman of the Board for DT Midstream, Inc. (DTM). This leadership change is expected to enhance the company's strategic direction and governance as Slater transitions from his role as CEO to focus on broader company initiatives. Leadership changes can moderately influence company strategy and market perception.
13 Jan
DT Midstream, Inc. (DTM) has been upgraded to a 'Buy' rating by analysts due to its strong financial performance and strategic positioning in the market. The company is expected to benefit from favorable market conditions and its robust infrastructure, which enhances its competitive edge. Analysts believe that DTM's growth potential and solid fundamentals make it an attractive investment opportunity. The upgrade to 'Buy' reflects significant expected improvements in financial performance and market positioning.
7 Jan
DT Midstream, Inc. (NYSE:DTM) is experiencing challenges with its stock price due to mixed financial results. The company's recent performance has raised concerns among investors, leading to fluctuations in its market valuation. Analysts are closely monitoring the situation as they assess the implications of these financials on the company's future prospects. Mixed financial results may moderately influence investor sentiment and future performance.
1 Dec
Morgan Stanley has raised the price target for DT Midstream, Inc. (DTM) following the company's Q3 earnings report, which was deemed 'relatively in-line' with expectations. The adjustment reflects confidence in DTM's performance and outlook despite the earnings report not exceeding market forecasts significantly. The price target increase indicates a moderately positive outlook, but the earnings report did not show significant deviations from expectations.