DT Midstream, Inc. logo DTM - DT Midstream, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 5
HOLD 7
SELL 1
STRONG
SELL 0
| PRICE TARGET: $148.00 DETAILS
HIGH: $170.00
LOW: $127.00
MEDIAN: $150.00
CONSENSUS: $148.00
DOWNSIDE: 2.06%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 336 317 314 309 303 249 248 244 240 244 234 224 220 243 235 227 215 223 212 208 197 208 203 174 169
Cost of Revenue 154 154 84 143 141 128 116 105 104 118 104 104 101 122 107 105 103 108 100 98 95 108 80 70 69
Gross Profit 182 163 230 166 162 121 132 139 136 126 130 120 119 121 128 122 112 115 112 110 102 100 123 104 100
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 15 7 75 11 14 8 10 9 12 6 7 6 9 5 7 8 8 5 6 6 7 4 3 4 4
Operating Expenses 15 7 75 11 14 8 10 9 12 6 7 6 9 5 7 8 8 5 6 6 7 4 3 4 4
Operating Income
Operating Income 167 156 155 155 148 113 122 130 124 120 123 114 110 116 121 114 104 110 106 104 95 96 120 100 96
Interest Expense 40 41 40 40 40 36 38 39 40 39 38 35 38 38 35 33 31 31 31 24 26 31 29 26 27
Interest Income 1 0 1 0 1 5 1 0 1 0 0 1 0 1 1 1 0 0 0 1 3 3 4 1 1
Profitability
EBITDA 240 266 258 253 253 213 216 230 225 218 216 207 209 210 205 206 187 187 179 157 172 169 211 162 163
EBIT 167 195 193 185 186 155 159 172 171 165 165 159 161 161 158 160 140 145 137 116 131 128 173 125 127
Income Before Tax 170 154 153 145 146 119 121 133 131 126 127 124 123 123 123 127 109 114 106 92 95 97 144 99 100
Income Tax Expense 36 40 35 34 35 43 30 33 31 2 33 30 39 35 7 33 25 25 29 21 25 25 39 26 26
Net Income 130 111 115 107 108 73 88 96 97 121 91 91 81 85 113 91 81 87 74 68 67 69 101 71 71
Per Share Data
EPS (Basic) 1.28 1.09 1.13 1.05 1.07 0.73 0.91 0.99 1.00 1.25 0.94 0.94 0.84 0.88 1.17 0.93 0.84 0.92 0.77 0.70 0.81 0.84 1.04 0.73 0.73
EPS (Diluted) 1.27 1.08 1.12 1.04 1.06 0.72 0.90 0.98 0.99 1.25 0.93 0.93 0.83 0.87 1.16 0.93 0.84 0.92 0.77 0.70 0.81 0.84 1.04 0.73 0.73
Shares Outstanding 101.8 101.7 101.6 101.6 101.4 99.6 97.1 97.1 97 97.0 97 96.9 96.8 96.8 96.7 96.7 96.7 96.7 96.7 96.7 96.9 96.9 96.7 96.7 96.9
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 150 54 98 74 83 68 77 73 41 56 30 45 95 61 355 345 281 132 128 37 29 42
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 190 188 175 164 168 180 143 155 150 169 146 144 122 161 150 137 124 178 155 118 123 400
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 22 0 0 0 25 0 0 0 0
Other Current Assets 64 76 49 53 61 62 29 28 38 47 24 21 32 18 28 33 37 25 27 25 32 41
Total Current Assets 404 318 322 291 312 310 249 256 229 272 200 210 249 262 533 515 442 360 310 180 184 483
Non-Current Assets
Property, Plant & Equipment 5,830 5,812 5,766 5,655 5,596 5,576 4,596 4,559 4,525 4,472 4,390 4,224 4,042 3,837 3,666 3,537 3,514 3,526 3,524 3,506 3,502 3,515
Goodwill 781 781 781 781 776 776 473 473 473 473 473 473 473 473 473 473 473 473 473 473 473 473
Intangible Assets 1,847 1,862 1,877 1,892 1,907 1,921 1,925 1,939 1,953 1,968 1,982 1,996 2,011 2,025 2,039 2,054 2,068 2,082 2,097 2,111 2,125 2,140
Long-Term Investments 1,245 1,257 1,262 1,288 1,286 1,297 1,301 1,729 1,739 1,766 1,782 1,789 2,171 2,200 1,674 1,677 1,679 1,691 1,691 1,691 1,683 1,691
Other Non-Current Assets 48 50 53 53 55 55 43 (1,060) (1,028) (1,000) 35 34 (924) (34) 34 34 (843) 32 32 29 (723) 21
Total Non-Current Assets 9,751 10,033 9,739 9,669 9,620 9,625 8,338 8,730 8,722 8,710 8,662 8,516 8,732 8,571 7,886 7,775 7,769 7,806 7,817 7,810 7,831 7,859
Total Assets 10,155 10,351 10,061 9,960 9,932 9,935 8,587 8,986 8,951 8,982 8,862 8,726 8,981 8,833 8,419 8,290 8,211 8,166 8,127 7,990 8,015 8,342
Current Liabilities
Account Payables 57 65 96 84 67 77 67 59 68 94 124 125 107 119 71 32 21 22 30 26 17 39
Short-Term Debt 17 16 0 25 65 150 0 70 55 165 125 100 410 330 0 0 10 10 27 27 0 3,175
Deferred Revenue 24 25 22 20 20 18 18 21 21 18 0 0 0 4 0 0 0 82 0 0 0 0
Other Current Liabilities 212 165 52 56 118 29 28 128 157 126 37 21 158 86 42 36 31 2 138 54 45 57
Total Current Liabilities 321 296 349 331 381 426 262 306 322 434 424 361 698 614 249 180 188 177 195 107 80 3,288
Non-Current Liabilities
Long-Term Debt 3,325 3,356 3,322 3,321 3,320 3,319 2,674 3,068 3,067 3,065 3,064 3,062 3,061 3,059 3,058 3,057 3,033 3,036 3,037 3,037 3,048 0
Deferred Tax Liabilities 1,303 1,541 1,234 1,195 1,163 1,129 1,108 1,090 1,060 1,031 1,014 985 959 923 905 903 878 856 828 791 771 743
Other Non-Current Liabilities 120 88 119 117 117 124 25 23 33 34 109 93 70 36 60 56 54 55 53 54 53 55
Total Non-Current Liabilities 4,939 5,177 4,868 4,814 4,769 4,743 3,969 4,343 4,323 4,268 4,217 4,170 4,118 4,065 4,045 4,039 3,985 3,968 3,943 3,902 3,896 826
Total Liabilities 5,260 5,473 5,217 5,145 5,150 5,169 4,231 4,649 4,645 4,702 4,641 4,531 4,816 4,679 4,294 4,219 4,173 4,145 4,138 4,009 3,976 4,114
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0
Retained Earnings 867 827 801 770 747 723 726 710 686 661 608 584 561 547 523 473 446 431 403 386 566 751
Accumulated Other Comprehensive Income (7) (7) (7) (7) (7) (8) (7) (8) (8) (8) (9) (9) (9) (10) (8) (9) (10) (10) (10) (10) (10) (11)
Total Stockholders' Equity 4,753 4,736 4,702 4,673 4,642 4,627 4,218 4,197 4,166 4,139 4,079 4,052 4,023 4,007 3,978 3,923 3,890 3,872 3,839 3,830 3,888 4,073
Total Liabilities & Equity 10,155 10,351 10,061 9,960 9,932 9,935 8,587 8,986 8,951 8,982 8,862 8,726 8,981 8,833 8,419 8,290 8,211 8,166 8,127 7,990 8,015 8,342
Debt Metrics
Total Debt 3,371 3,404 3,375 3,399 3,433 3,521 2,723 3,192 3,175 3,270 3,234 3,208 3,516 3,424 3,097 3,097 3,078 3,083 3,089 3,084 3,090 3,220
Net Debt 3,221 3,350 3,277 3,325 3,350 3,453 2,646 3,119 3,134 3,214 3,204 3,163 3,421 3,363 2,742 2,752 2,797 2,951 2,961 3,047 3,061 3,178
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income 130 111 115 111 111 76 88 96 97 121 94 94 84 88 116 91 81 89 77 71 81 72 105 73 74
Depreciation & Amortization 73 71 69 68 67 58 57 58 54 53 51 48 48 49 47 46 47 60 42 41 41 41 38 37 36
Stock-Based Compensation 0 0 0 6 6 6 6 6 5 5 5 5 5 4 5 4 4 (2) (3) (1) 6 (3) (4) (2) (3)
Change in Working Capital 36 (65) 30 (27) 37 (32) 33 (31) 52 (16) 48 (32) 53 (35) 26 (20) 65 (64) (14) 16 8 7 (32) 20 (9)
Other Non-Cash Items 23 21 37 (1) (7) 2 2 6 4 2 (2) 4 18 26 (2) (2) 15 (3) 6 18 (1) 2 13 11 10
Operating Cash Flow 295 176 289 185 247 152 205 165 241 184 225 145 244 151 195 145 234 108 136 165 163 143 157 164 133
Investing Activities
Capital Expenditure (78) (131) (143) 71 (71) (90) (81) (81) (98) (150) (201) (193) (228) (165) (118) (35) (20) (44) (36) (33) (27) (78) (94) (210) (136)
Acquisitions 1 0 2 10 0 (1,199) 1 0 0 (1) 0 (4) (2) (553) (2) (2) 0 11 (7) (3) (1) (5) (14) (1) (15)
Purchases of Investments (5) (2) (1) 0 0 0 1 0 (1) (1) 0 (4) (2) (553) (2) (2) 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 1 0 4 2 553 2 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 (1) (80) (54) 5 425 9 28 23 9 382 14 14 1 25 3 (7) 5 254 11 (30) 6 (136) (1)
Investing Cash Flow (82) (133) (143) (70) (54) (1,284) 346 (72) (71) (128) (192) 185 (216) (704) (119) (14) (17) (40) (38) 218 (17) (113) (102) (347) (152)
Financing Activities
Net Debt Issuance 0 0 (25) (40) (85) 794 (469) 15 (110) 40 25 (310) 80 330 0 (2) (3) (3) (2) 0 0 (33) 315 0 162
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (3) 0 0 0 0 0 0 0 0
Dividends Paid (83) (83) (83) (83) (75) (71) (71) (71) (67) (67) (67) (67) (62) (62) (62) (62) (58) (58) 0 (501) 0 0 0 0 0
Other Financing Activities (34) (4) (14) (1) (18) (6) (7) (5) (8) (3) (6) (3) (12) (9) (4) (3) (4) (3) (4) 126 (159) (10) (386) 68 (3)
Financing Cash Flow (117) (87) (122) (124) (178) 1,123 (547) (61) (185) (30) (48) (380) 6 259 (66) (67) (68) (64) (7) (375) (159) (43) (71) 68 159
Cash Position
Net Change in Cash 96 (44) 24 (9) 15 (9) 4 32 (15) 26 (15) (50) 34 (294) 10 64 149 4 91 8 (13) (13) (16) (115) 140
Cash at Beginning 54 98 74 83 68 77 73 41 56 30 45 95 61 355 345 281 132 128 37 29 42 55 71 186 46
Cash at End 150 54 98 74 83 68 77 73 41 56 30 45 95 61 355 345 281 132 128 37 29 42 55 71 186
Free Cash Flow 217 45 146 256 176 62 124 84 143 34 24 (48) 16 (14) 77 110 214 64 100 132 136 65 63 (46) (3)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 336 317 314 309 303 249 248 244 240 244 234 224 220 243 235 227 215 223 212 208 197 208 203 174 169
Gross Profit 182 163 230 166 162 121 132 139 136 126 130 120 119 121 128 122 112 115 112 110 102 100 123 104 100
Operating Income 167 156 155 155 148 113 122 130 124 120 123 114 110 116 121 114 104 110 106 104 95 96 120 100 96
Net Income 130 111 115 107 108 73 88 96 97 121 91 91 81 85 113 91 81 87 74 68 67 69 101 71 71
EPS (Diluted) 1.27 1.08 1.12 1.04 1.06 0.72 0.90 0.98 0.99 1.25 0.93 0.93 0.83 0.87 1.16 0.93 0.84 0.92 0.77 0.70 0.81 0.84 1.04 0.73 0.73
Balance Sheet
Cash & Equivalents 150 54 98 74 83 68 77 73 41 56 30 45 95 61 355 345 281 132 128 37 29 42
Total Assets 10,155 10,351 10,061 9,960 9,932 9,935 8,587 8,986 8,951 8,982 8,862 8,726 8,981 8,833 8,419 8,290 8,211 8,166 8,127 7,990 8,015 8,342
Total Debt 3,371 3,404 3,375 3,399 3,433 3,521 2,723 3,192 3,175 3,270 3,234 3,208 3,516 3,424 3,097 3,097 3,078 3,083 3,089 3,084 3,090 3,220
Stockholders' Equity 4,753 4,736 4,702 4,673 4,642 4,627 4,218 4,197 4,166 4,139 4,079 4,052 4,023 4,007 3,978 3,923 3,890 3,872 3,839 3,830 3,888 4,073
Cash Flow
Operating Cash Flow 295 176 289 185 247 152 205 165 241 184 225 145 244 151 195 145 234 108 136 165 163 143 157 164 133
Capital Expenditure (78) (131) (143) 71 (71) (90) (81) (81) (98) (150) (201) (193) (228) (165) (118) (35) (20) (44) (36) (33) (27) (78) (94) (210) (136)
Free Cash Flow 217 45 146 256 176 62 124 84 143 34 24 (48) 16 (14) 77 110 214 64 100 132 136 65 63 (46) (3)