DT Midstream, Inc. (DTM) stock
Close on Nov 11, 2026Market cap $12.14BP/E 25.9Yield 2.76%
DT Midstream, Inc. grew revenue 13.4% to $1.33B over the twelve months to Sep 30, 2026. Operating income rose 15.2% to $658.00M, moving the operating margin from 48.6% to 49.4%. Free cash flow was $533.00M, up 12.7% from a year earlier. At the latest close the market valued the company at $12.14B, 25.9 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $12.14B
- P/E ratio
- 25.9
- Price to sales
- 9.11
- Price to book
- 2.52
- Dividend yield
- 2.76%
- Free cash flow yield
- 4.39%
Fundamentals
- Revenue
- $1.33B
- Net income
- $471.00M
- EPS, diluted
- $4.60
- Free cash flow
- $533.00M
- Book value per share
- $46.88
- Diluted shares
- 103M
Trading
- Next earnings
- Feb 18, 2027 (estimated, before the open)
- Previous close
- $118.73
- Open
- $120.81
- Day's range
- $118.34 – $121.24
- Volume
- 979,884
- Average volume (20 days)
- 1,147,822
- Index membership
- S&P MidCap 400 (since Aug 2021), Russell 1000 (since Sep 2021), Russell 3000 (since Aug 2021)
- Beta (5 years)
- 0.55
- 52-week range
- $111.55 – $152.88
- RSI (14 days)
- 45.3
- Volatility (1 year)
- 23.2%
- Relative volume
- 1.03×
- WACC
- 6.8%
Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2021, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | DTM | S&P 500 | Difference | DTM per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | -4.0% | -2.4% | −1.6 pts | ||
| 3 months | -11.1% | -1.2% | −9.9 pts | ||
| Year to date | +1.4% | +12.3% | −10.9 pts | ||
| 1 year | +6.6% | +12.4% | −5.8 pts | ||
| 3 years | +142.5% | +78.8% | +63.7 pts | +34.4% | +21.4% |
| 5 years | +199.4% | +75.2% | +124.2 pts | +24.5% | +11.9% |
Eight years at a glance
Fiscal years 2018 to 2025 and trailing twelve months, USD
Revenue
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases DT Midstream filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
About DT Midstream
Natural Gas Transmission
DT Midstream, Inc. is an energy company that provides natural gas gathering, transmission, and storage services. The company conducts its operations through two primary reporting segments: the Gathering segment and the Pipeline segment. Its infrastructure assets collect natural gas directly from shale basins—such as the Marcellus, Utica, and Haynesville formations—and treat, process, and transport gas supplies across regional pipeline networks and interstate connections. DT Midstream's primary customers include natural gas exploration and production companies, such as Expand Energy Corporation, as well as regional utilities, gas-fired power plants, and industrial end-users across key demand markets.
Company profile, executives and historyDT Midstream stock: common questions
What is DT Midstream's stock price?
DTM closed at $119.00 on Nov 11, 2026, up 0.23% on the day. Over the past 52 weeks it traded between $111.55 and $152.88.
What is DT Midstream's market cap?
DT Midstream was worth $12.14B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is DTM's P/E ratio?
DTM trades at 25.9 times earnings, based on diluted earnings per share of $4.60 over the twelve months to Sep 30, 2026.
How much revenue does DT Midstream make?
DT Midstream reported revenue of $1.33B for the twelve months to Sep 30, 2026, up 13.4% from a year earlier.
Does DT Midstream pay a dividend?
Yes. DT Midstream paid $3.28 per share over the last twelve months, a yield of 2.76% at the latest price, and has raised its annual dividend 4 years in a row.
When does DT Midstream report earnings next?
DT Midstream is expected to report Q4 FY2026 results on Feb 18, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.
How has DTM stock performed over the past year?
Including dividends, DTM returned +6.6% over the past year, against +12.4% for the S&P 500.
How many DTM shares are sold short?
8M shares were sold short at the latest FINRA report, 7.65% of the float, or 7.5 days of average trading volume.
Who are DT Midstream's competitors?
Companies most similar to DT Midstream by business, industry and size include AM, KNTK, SMC, KGS, USAC.
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