DTMNYSENatural Gas TransmissionFiscal year ends December 31
DT Midstream, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$122.48−1.19 (-0.96%)
Close on Oct 19, 2026
- Market cap
- $12.57B
- P/E (TTM)
- 26.8
- Dividend yield
- 2.68%
DT Midstream statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Natural Gas Transmission companies for comparison
Valuation
| Measure | DT Midstream | Industry median |
|---|---|---|
| Market Cap | $12.49B | $3.73B |
| Enterprise Value | $15.79B | $6.51B |
| PE Ratio | 26.80 | 20.55 |
| PS Ratio | 9.54 | 2.76 |
| PB Ratio | 2.61 | 1.91 |
| P/TBV Ratio | 5.77 | 2.15 |
| P/FCF Ratio | 26.03 | 25.68 |
| P/OCF Ratio | 13.33 | 9.72 |
Enterprise value
| Measure | DT Midstream | Industry median |
|---|---|---|
| EV / Sales | 12.05 | 4.39 |
| EV / EBITDA | 17.18 | 13.37 |
| EV / EBIT | 24.29 | 21.21 |
| EV / FCF | 32.90 | 40.83 |
Income (trailing twelve months)
| Measure | DT Midstream | Industry median |
|---|---|---|
| Revenue | $1.31B | $1.96B |
| Operating Income | $650.00M | $356.99M |
| Pretax Income | $646.00M | $257.00M |
| Net Income | $468.00M | $132.10M |
| EBITDA | $919.00M | $626.69M |
| EPS (Diluted) | $4.57 | $1.96 |
Margins
| Measure | DT Midstream | Industry median |
|---|---|---|
| Operating Margin | 49.6% | 19.0% |
| Pretax Margin | 49.3% | 13.7% |
| Profit Margin | 35.7% | 10.9% |
| EBITDA Margin | 70.2% | 33.2% |
| FCF Margin | 36.6% | -7.48% |
Returns
| Measure | DT Midstream | Industry median |
|---|---|---|
| Return on Equity (ROE) | 9.90% | 8.92% |
| Return on Assets (ROA) | 4.61% | 2.64% |
| Return on Invested Capital (ROIC) | 6.11% | 5.67% |
| Return on Capital Employed (ROCE) | 6.56% | 4.66% |
Growth
| Measure | DT Midstream | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 18.1% | 8.31% |
| Net Income Growth (YoY) | 24.5% | 7.61% |
| EPS Growth (YoY) | 22.5% | 6.88% |
| FCF Growth (YoY) | 3.00% | -17.8% |
| Revenue Growth (3Y CAGR) | 10.6% | 3.90% |
| Revenue Growth (5Y CAGR) | 10.5% | 7.73% |
| EPS Growth (3Y CAGR) | 4.12% | 6.33% |
| EPS Growth (5Y CAGR) | 5.89% | 6.12% |
Balance sheet
| Measure | DT Midstream | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $172.00M | $70.00M |
| Total Debt | $3.33B | $3.59B |
| Net Cash (Debt) | -$3.15B | -$1.91B |
| Net Cash Per Share | -$30.92 | -$20.82 |
| Equity (Book Value) | $4.78B | $1.73B |
| Book Value Per Share | $46.85 | $17.38 |
| Tangible Book Value | $2.17B | $1.17B |
| Working Capital | $111.00M | -$8.30M |
Financial position
| Measure | DT Midstream | Industry median |
|---|---|---|
| Current Ratio | 1.37 | 0.93 |
| Quick Ratio | 1.19 | 0.38 |
| Debt / Equity | 0.70 | 1.21 |
| Debt / EBITDA | 3.62 | 5.16 |
| Debt / FCF | 6.93 | 13.31 |
| Net Debt / EBITDA | 3.43 | 4.92 |
| Interest Coverage | 3.99 | 2.43 |
Cash flow (trailing twelve months)
| Measure | DT Midstream | Industry median |
|---|---|---|
| Operating Cash Flow | $937.00M | $490.44M |
| Capital Expenditures | -$457.00M | -$731.05M |
| Free Cash Flow | $480.00M | -$28.09M |
| FCF Per Share | $4.71 | -$0.72 |
Efficiency
| Measure | DT Midstream | Industry median |
|---|---|---|
| Asset Turnover | 0.13 | 0.23 |
| Revenue Per Employee | $2.23M | $1.09M |
| Profits Per Employee | $795.92K | $112.45K |
| Employee Count | 588 | 1,512 |
Dividends and yields
| Measure | DT Midstream | Industry median |
|---|---|---|
| Earnings Yield | 3.75% | 4.11% |
| FCF Yield | 3.84% | -3.88% |
| Dividend Yield | 2.68% | 2.92% |
| Shareholder Yield | 2.68% | 1.61% |
| Dividend Per Share | $3.28 | $1.98 |
| Dividend Growth (YoY) | 11.6% | 5.10% |
| Years of Dividend Growth | 4 | 10 |
| Payout Ratio | 72.2% | 57.9% |
| FCF Payout Ratio | 70.4% | 91.0% |
Shares
| Measure | DT Midstream | Industry median |
|---|---|---|
| Shares Outstanding | 102,015,000 | 123,005,500 |
| Shares Change (YoY) | 1.76% | 2.12% |
| Shares Change (QoQ) | 0.00% | 0.05% |
| Float | 101,436,000 | 115,223,500 |
| Shares Held by Insiders | 0.57% | 1.57% |
| Shares Held by Institutions | 87.6% | 81.0% |
Taxes
| Measure | DT Midstream | Industry median |
|---|---|---|
| Income Tax | $164.00M | $40.00M |
| Effective Tax Rate | 25.4% | 16.2% |
Scores
| Measure | DT Midstream | Industry median |
|---|---|---|
| Graham Number | $69.40 | $46.35 |
| Graham Upside | -43.3% | -25.1% |
| Altman Z-Score | 1.89 | 1.04 |
| Piotroski F-Score | 7 | 5 |
Calculated by StockData from DT Midstream's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.