DT Midstream, Inc.
DTM Energy Oil & Gas Midstream
DT Midstream, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 26.7% from fiscal 2024. In the quarter to June 2026, revenue grew 11.0%, EPS grew 4.76%, free cash flow grew 12.5% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.
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DT Midstream, Inc. (DTM) P/E ratio
As of 16 October 2026, DT Midstream, Inc. (DTM) trades at a P/E ratio of 26.9×. Over the past ten years it has ranged from 11.9× (May 2023) to 33.3× (May 2026); the current reading is higher than 71% of that period. That is above the Oil & Gas Midstream industry median of 12.8× and above the Energy sector median of 13.9×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 27.6× | 0.40% |
| FY2024 | 27.5× | 96.83% |
| FY2023 | 14.0× | 0.31% |
| FY2022 | 13.9× | (7.29%) |
| FY2021 | 15.0× | 19.03% |
| FY2020 | 12.6× | 0.00% |
| FY2019 | 12.6× | 0.00% |
| FY2018 | 12.6× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 32.0× | 7.78% |
| Mar 2026 | 29.7× | 7.57% |
| Dec 2025 | 27.6× | (2.68%) |
| Sep 2025 | 28.3× | (3.06%) |
| 21 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| PAA Plains All American Pipeline, L.P. compare | 7.0× |
| FRO Frontline PLC compare | 7.9× |
| PAGP Plains Group Holdings, L.P. compare | 9.8× |
| WES Western Midstream Partners, LP compare | 14.0× |
| SOBO South Bow Corporation compare | 15.7× |
| KNTK Kinetik Holdings Inc. compare | 19.8× |
| AM Antero Midstream Corporation compare | 24.6× |
| DTM DT Midstream, Inc. | 26.9× |
| VNOM Viper Energy Inc. compare | 322× |
| Oil & Gas Midstream industry median | 12.8× |
| Energy sector median | 13.9× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)