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DT Midstream, Inc.

NYSE•DTM
CEO: Mr. Robert C. Skaggs Jr.
Sector: Energy
Industry: Oil & Gas Midstream
Listing Date: 2021-07-01
DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines. This segment also engages in the transportation and storage of natural gas for intermediate and end-user customers. The Gathering segment owns and operates gas gathering systems. This segment is involved in the collection of natural gas for delivery to plants for treating, to gathering pipelines for further gathering, or to pipelines for transportation; and provision of associated ancillary services, including compression, dehydration, gas treatment, water impoundment, water transportation, water disposal, and sand mining. It serves natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. The company was incorporated in 2021 and is headquartered in Detroit, Michigan.
Contact Information
500 Woodward Avenue, Suite 2900, Detroit, MI, 48226-1279, United States
313-402-8532
www.dtmidstream.com
Market Cap
$13.62B
P/E (TTM)
30.9
20.2
Dividend Yield
2.5%
52W High
$143.67
52W Low
$83.30
52W Range
84%
Rank34Top 27.8%
4.7
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q4 2025 Data

Revenue

$317.00M+0.00%
4-Quarter Trend

EPS

$1.09+0.00%
4-Quarter Trend

FCF

$45.00M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Revenue and Income Growth Operating revenues reached $1.24B USD, up 26.7%; Net Income Attributable $441M USD, up 24.6% compared to prior year.
Pipeline Segment Drives Results Pipeline Net Income $370M USD, up 34.1%; driven by full year Midwest Pipeline Acquisition asset integration.
Key Expansion Milestones Achieved Placed LEAP phase 4 expansion into service; reached FID for 40% capacity increase on Guardian G3 project.
Investment Grade Credit Rating Achieved investment grade rating from Moody’s, S&P, and Fitch, improving financing flexibility and cost structure.

Risk Factors

Key Customer Revenue Concentration Expand Energy accounted for 45% of 2025 operating revenues; loss impacts demand and service revenues materially.
Contract Renewal Market Exposure Inability to renew expiring firm service contracts at favorable long-term rates increases price risk exposure.
Regulatory and Climate Change Uncertainty New environmental laws, GHG regulations, and PHMSA safety rules may increase compliance costs and capital expenditures.
Operational Hazards and Cyber Threats Subject to operational hazards like leaks or ruptures; increasing dependence on digital systems raises cyberattack risk.

Outlook

Pipeline Asset Growth Focus Pursue expansion opportunities leveraging current footprint on DTM Interstate assets, LEAP, and Stonewall projects.
Gathering Segment Expansion Plans Growth opportunities include further expansions at Blue Union, Appalachia, Ohio Utica, and Tioga Gathering systems.
Disciplined Capital Deployment Anticipate total capital investments between $490M and $570M USD for 2026, focused on accretive growth.
Long-Term Contract Focus Continue pursuing long-term firm service revenue contracts to grow demand-based cash flow components.

Peer Comparison

Revenue (TTM)

YPF stock ticker logoYPF
$16.69T
-6.7%
DINO stock ticker logoDINO
$26.87B
-6.0%
OVV stock ticker logoOVV
$8.79B
-4.0%

Gross Margin (Latest Quarter)

AM stock ticker logoAM
66.5%
+0.2pp
HESM stock ticker logoHESM
63.6%
-23.4pp
DTM stock ticker logoDTM
51.4%
+20.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
VNOM$17.67B-116.9-1.8%17.3%
OVV$15.88B11.611.9%36.9%
YPF$15.49B-94.6-2.2%37.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.5%
Moderate Growth
4Q Net Income CAGR
0.9%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 29, 2026
|
EPS:$1.12
|
Revenue:$316.92M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data