Friday 6 November 2026 Export DTM’s income statement to Excel — free account

DT Midstream, Inc.

DT Midstream, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 26.7% from fiscal 2024.

Revenue: +7.01%
EPS: +4.92%
Free cash flow: +40.5%
Total debt: −1.35%

Quarter to September 2026, against a year earlier

113.28 4.30 −3.66%

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Market cap: $11.5B
P/E: 24.4×
Fwd P/E: 26.7×
Dividend yield: 3.05%
F-score: 7/9
Altman Z: 1.84
Beneish M: −2.62
Dividend safety: 46/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

DT Midstream, Inc. (DTM) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Pipeline	687	55.27%
Gathering	556	44.73%
Gross margin		100.00%
Operating margin		49.40%
Pre-tax margin		48.11%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Pipeline	687 55.27%	443 45.16%	377 40.89%	339 36.85%	307 36.55%	266 35.28%	234 46.43%
Gathering	556 44.73%	538 54.84%	545 59.11%	581 63.15%	534 63.57%	489 64.85%	273 54.17%
Eliminations	—	—	—	—	—	—	(3) (0.60%)
Revenue	1,243	981	922	920	840	754	504

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Pipeline	‡	‡	‡	‡	‡	‡	‡
Gathering	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Remaining performance obligations	Q3 FY2026	$194.0M	$179.0M	+8.38%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.