DT Midstream, Inc. DTM

122.28 (2.47) (1.98%) as of 25 Sep
Market cap
$12.7B
P/E
26.7×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.27
Total sells 0.27
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — 1 — — 1 — — 2 —
Sell — — — — 1 — — — — — — —
Insider Ownership 0.54%

Capital & Financial Ratios

Market Cap 12,730.00
Revenue 1,310.00
Net Income 482.00
Free Cash Flow 480.00
Net Debt 3,154.00
Current Ratio 1.37
Debt/Equity 0.68
P/E ratio 26.69
P/S ratio 9.54
P/B ratio 2.54
Past 5Y EPS Growth 2.80%
This Y EPS Growth 9.81%
Next Y EPS Growth 5.97%
Next 5Y EPS Growth 9.20%
in millions of $

Dividends

Payout Ratio 0.70
Annual Dividend Rate 2.71
Annual Dividend Yield 5.34%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.64
0.88
0.88
0.88
2025 2.34
0.82
0.82
0.82
0.82
2024 2.94
0.74
0.74
0.74
0.74
2023 2.76
0.69
0.69
0.69
0.69
2022 2.56
0.64
0.64
0.64
0.64
2021 1.20
0.60
0.60
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 56 68 54 172
Receivables 169 180 188 184
Inventory — — — —
Other 16 — — —
272 310 318 409
2023 2024 2025 Q'26
Payables 94 77 65 70
ST’ Debt 165 150 — —
Other 33 35 48 50
434 426 296 298
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 10.51% 10.55%
Cash Flow — 7.75% 6.14%
Earnings — 7.17% 6.03%
Book Value — 2.90% 5.50%

Revenue

Mar Jun Sep Dec Year
’26 336 343 — — —
’25 303 309 314 317 1,243
’24 240 244 248 249 981
’23 220 224 234 244 922
’22 215 227 235 243 920
’21 197 208 212 223 840
’20 — 174 203 208 754
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 280 222 — — —
’25 247 185 274 161 867
’24 241 165 205 152 763
’23 244 145 225 184 798
’22 234 145 195 151 725
’21 163 165 136 108 572
’20 — 297 157 143 597
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 202 117 — — —
’25 176 104 131 30 441
’24 143 84 124 62 413
’23 16 (48) 24 34 26
’22 214 110 77 (14) 387
’21 136 132 100 64 432
’20 — (49) 63 65 79
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 1.27 1.09 — — —
’25 1.06 1.04 1.13 1.08 4.30
’24 0.99 0.98 0.90 0.73 3.60
’23 0.84 0.93 0.94 1.24 3.94
’22 0.84 0.93 1.16 0.88 3.81
’21 0.84 0.70 0.77 0.89 3.16
’20 — 0.75 1.09 — 3.35
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell
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
— — — — 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
— — 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
— — 259 220 324 318 382 396 367 454
Net Income
— — 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
— — 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
— — (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
— — 0.00 38.51 43.72 41.58 42.96 44.17 48.83 48.01
Book Value/Sh
— — 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
— — 8.67 8.67 8.67 8.99 9.20 9.24 13.36 12.43
EV/Sales
— — 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'
— — — 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
— — 0 3,724 4,228 4,021 4,154 4,280 4,766 4,878
Sh' Equity
— — 5.93% 5.24% 3.87% 3.72% 4.35% 4.31% 3.74% 4.41%
ROA
— — 0.00% 2.47% 3.50% 3.62% 3.99% 3.95% 3.74% 4.71%
ROIC
— — 0.00% 5.13% 7.85% 7.44% 9.05% 9.11% 7.83% 9.15%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

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.

Source: company filings (standardised) and stockrow calculations.

DT Midstream, Inc. (DTM) Latest News

News by impact score

Fine-tune

21 Sep

3

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

3

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

4

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

3 transcript

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

4

DT Midstream reported strong second quarter 2026 results. Strong quarterly results signal improved performance that can lift valuation and investor outlook.

3 transcript

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

3

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

3

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

4

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.

4

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.

3

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

4

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

3

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

4

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

4

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

4

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

4

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

4

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

4

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.

4 transcript

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.

4

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.

4

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.

4

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

3

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

4

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

4

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

3

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

4

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

3

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

3

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.

stockrow.com/DTM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com