DT Midstream's revenue re-accelerated through 2025, rising from $249.0M in 2024Q4 to $336.0M in 2026Q3, and diluted EPS climbed from $0.72 to $1.16-$1.27 over the same span, suggesting the core pipeline toll model is scaling with limited incremental capital.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue grew 26.7% year over year in 2025Q1 before decelerating to 7.0% in 2026Q3, while operating margins held near 49-50% from $113.0M to $167.0M in operating income, indicating growth that scales roughly in line with revenue.
Healthy cash reserves of 98M provide 5.76x coverage of short-term debt 17M, demonstrating strong liquidity position and minimal refinancing risk.
Operating cash flow of 858M provides strong 34.32x coverage of stock compensation 25M, indicating sustainable incentive practices.
DT Midstream owns and operates natural gas pipelines, storage, and gathering systems, providing essential infrastructure in the energy sector.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 29, 2026 | $1.16+2.7% vs $1.13 | $336M-0.5% vs $338M |
Q3 2026 Jul 30, 2026 | $1.09-6.8% vs $1.17 | $343M+5.3% vs $326M |
Q2 2026 Apr 30, 2026 | $1.27+14.4% vs $1.11 | $336M+7.1% vs $314M |
Q1 2026 Feb 19, 2026 | $1.08-2.7% vs $1.11 | $317M-0.0% vs $317M |
Investors interested in stocks from the Oil and Gas - Integrated - United States sector have probably already heard of Occidental Petroleum (OXY) and DT Midstream (DTM). But which of these two stocks offers value investors a better bang for their buck right now?
DT Midstream NYSE: DTM raised its 2026 adjusted EBITDA guidance after reporting third-quarter adjusted EBITDA of $301 million and reaching final investment decisions on approximately $400 million of new organic growth projects.
DT Midstream, Inc. (DTM) Q3 2026 Earnings Call Transcript
DETROIT, Oct. 29, 2026 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced third quarter 2026 reported net income of $118 million, or $1.16 per diluted share and Operating Earnings of $118 million, or $1.16 per diluted share. Adjusted EBITDA for the quarter was $301 million.
Benchmark DTM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for DT Midstream, Inc. (DTM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $113.66 | $11.59B | 24.78 | 26.71% | 35.36% | 9.59% | 2.78% | |
| $64.08 | $78.37B | 25.40 | 13.78% | 25% | 18.66% | 3.12% | |
| $29.96 | $66.71B | 18.52 | 12.45% | 19.64% | 11.02% | 3.91% | |
| $61.92 | $64.46B | 22.69 | 10.29% | 24.57% | 10.76% | 3.86% | |
| $264.59 | $56.79B | 23.27 | 3.06% | 13.46% | 68.83% | 1.44% | |
| $85.19 | $53.67B | 13.24 | 55.42% | 9.42% | 16.18% | 4.8% |
DT Midstream, Inc. (DTM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
DT Midstream, Inc. (DTM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 29, 2026·SEC
Jul 30, 2026·SEC
May 12, 2026·SEC
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DT Midstream, Inc. (DTM) stock FAQ — growth, dividends, profitability & financials explained
DT Midstream, Inc. (DTM) reported $1.33B in revenue over the trailing twelve months. Revenue was $1.24B in fiscal year 2025. That is 156% more than the $485.0M of fiscal year 2018.
DT Midstream, Inc. (DTM) grew revenue by 13.4% over the trailing twelve months, compared with the twelve months before.
Yes. DT Midstream, Inc. (DTM) earned $471.0M in net income over the trailing twelve months (a 35.4% net margin).
Yes. DT Midstream, Inc. (DTM) pays a dividend that yields 2.78% at the current price, a moderate yield.
DT Midstream, Inc. (DTM) had a return on equity (ROE) of 9.6% over the trailing twelve months. That is below the market's typical 10-15%.
DT Midstream, Inc. (DTM) generated $533.0M in free cash flow over the trailing twelve months.
