YOLFTbeta
DT Midstream Inc

DT Midstream Inc

DTM · NYSE · Energy / Oil & Gas Midstream

119.73USD+0.12 (+0.10%)

Price History

Full chart

Market Stats

Previous Close119.61
Open121.76
Day Range119.14 – 121.76
52-Week Range102.25 – 150.94
Volume514.43K
Market Cap12.73B
P/E (TTM)27.60
Forward P/E22.08
EPS4.52
Dividend Yield2.80%
Beta0.72
50-Day Avg133.41
200-Day Avg134.32

About

DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates in 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 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.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Midstream
  • CEOMr. David J. Slater
  • Employees588
  • Headquarters500 Woodward Avenue, Detroit, MI, United States, 48226-1279, USA
  • Websitehttps://www.dtmidstream.com

Leadership

  • Mr. David J. SlaterCEO & Executive Chairman · b. 1967
  • Mr. Christopher ZonaCOO & President · b. 1973
  • Mr. Jeffrey A. JewellExecutive VP & CFO · b. 1967
  • Ms. Wendy A.T. EllisExecutive VP, General Counsel & Corporate Secretary · b. 1966
  • Mr. Robert C. Skaggs Jr.Director · b. 1954
  • Mr. Joseph P. FinlandChief Accounting Officer · b. 1982
  • Mr. Todd LohrmannDirector of Investor Relations

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue485.00M504.00M754.00M840.00M920.00M922.00M981.00M1.24B
Growth (%)-+3.92%+49.60%+11.41%+9.52%+0.22%+6.40%+26.71%
Cost of Revenue122.00M104.00M327.00M397.00M437.00M427.00M453.00M329.00M
Gross Profit363.00M400.00M427.00M443.00M483.00M495.00M528.00M914.00M
Gross Margin74.85%79.37%56.63%52.74%52.50%53.69%53.82%73.53%
Operating Expense90.00M32.00M15.00M24.00M28.00M28.00M39.00M300.00M
Operating Income273.00M368.00M412.00M419.00M455.00M467.00M489.00M614.00M
Operating Margin56.29%73.02%54.64%49.88%49.46%50.65%49.85%49.40%
EBITDA481.00M477.00M722.00M718.00M808.00M850.00M884.00M1.03B
EBITDA Margin99.18%94.64%95.76%85.48%87.83%92.19%90.11%83.19%
Net Income231.00M204.00M312.00M307.00M370.00M384.00M354.00M441.00M
Net Income Margin47.63%40.48%41.38%36.55%40.22%41.65%36.09%35.48%
Interest Expense69.00M75.00M113.00M112.00M137.00M150.00M153.00M161.00M
Interest Expense % of Total Revenue14.23%14.88%14.99%13.33%14.89%16.27%15.60%12.95%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets4.88B7.79B8.34B8.17B8.83B8.98B9.94B10.08B
Total Liabilities1.77B4.06B4.11B4.14B4.68B4.70B5.17B5.20B
Total Equity2.15B3.57B4.07B3.87B4.01B4.14B4.63B4.74B
Cash26.00M46.00M42.00M132.00M61.00M56.00M68.00M54.00M
Total Debt1.69B2.97B3.22B3.08B3.42B3.27B3.52B3.37B
Net Debt1.66B2.92B3.18B2.95B3.36B3.21B3.45B3.32B

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow359.00M390.00M597.00M572.00M725.00M798.00M763.00M867.00M
Investing Cash Flow-720.00M-2.56B-714.00M123.00M-854.00M-351.00M-1.08B-372.00M
Financing Cash Flow349.00M2.19B113.00M-605.00M58.00M-452.00M330.00M-509.00M
Capital Expenditure176.00M211.00M518.00M140.00M338.00M772.00M350.00M426.00M
Free Cash Flow183.00M179.00M79.00M432.00M387.00M26.00M413.00M441.00M
Dividends Paid559.00M559.00M559.00M559.00M244.00M263.00M280.00M324.00M
FCF to OCF50.97%45.90%13.23%75.52%53.38%3.26%54.13%50.87%
Dividend Paid to FCF305.46%312.29%707.59%129.40%63.05%1011.54%67.80%73.47%

Earnings

Report DateJun 4, 2021Aug 6, 2021Nov 5, 2021Feb 25, 2022May 5, 2022Aug 3, 2022Oct 28, 2022Feb 16, 2023May 2, 2023Aug 1, 2023Nov 1, 2023Feb 16, 2024Apr 30, 2024Jul 30, 2024Oct 29, 2024Feb 26, 2025Apr 30, 2025Jul 31, 2025Oct 30, 2025Feb 19, 2026Apr 30, 2026Jul 30, 2026Oct 29, 2026
EPS Estimate0.000.750.790.840.890.880.871.000.930.870.910.890.950.930.960.951.080.981.041.171.131.141.08
EPS Actual0.840.910.780.890.840.800.900.930.840.930.941.240.990.980.900.941.061.041.131.081.271.09-
Surprise-21.33%-1.27%5.95%-5.62%-9.09%3.45%-7.00%-9.68%6.90%3.30%39.33%4.21%5.38%-6.25%-1.05%-1.85%6.12%8.65%-7.69%12.39%-4.39%-
TimingAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap12.73B
Enterprise Value16.04B
Trailing P/E27.60
Forward P/E22.08
Price / Sales9.71
Price / Book2.69
EPS4.52
Book Value46.85
Revenue (TTM)1.31B
Gross Profit (TTM)987.00M
EBITDA920.00M
Profit Margin35.72%
Operating Margin50.44%
Return on Equity9.90%
Return on Assets4.03%
Shares Outstanding102.02M
Shares Float101.32M
Beta0.72
Dividend Yield2.80%
Dividend Rate3.52
Payout Ratio75.71%

Analyst Ratings

Buy
Based on 15 analystsTarget 153.20
  • Strong Buy
    6
  • Buy
    1
  • Hold
    6
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
90.29%
Insiders
0.57%
Retail / Other
9.14%

Top Institutional Holders

  • BlackRock Inc
    10.92M10.70%
  • Vanguard Portfolio Management, LLC
    5.88M5.77%
  • Vanguard Capital Management, LLC
    4.56M4.47%
  • State Street Corp
    3.25M3.18%
  • Deutsche Bank AG
    3.06M3.00%
  • Tortoise Midstream Energy Fund, Inc.
    2.98M2.92%
  • Neuberger Berman Group LLC
    2.94M2.88%
  • Blackstone Inc
    2.68M2.63%
  • Geode Capital Management, LLC
    2.31M2.27%
  • Dimensional Fund Advisors, Inc.
    2.27M2.23%
  • The Goldman Sachs Group Inc
    2.17M2.12%
  • T. Rowe Price Investment Management,Inc.
    2.03M1.99%
  • 59 North Capital Management, LP
    1.97M1.94%
  • Capital Research Global Investors
    1.15M1.13%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    3.57M3.50%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.24M3.18%
  • Vanguard Small Cap Index
    2.35M2.30%
  • Tortoise Energy Infrastructure TR Ins
    1.73M1.69%
  • Vanguard MStar Small Cap Value Index
    1.49M1.46%
  • T. Rowe Price Mid-Cap Growth
    1.22M1.19%

Dividends

20263×
0.88Sep 21, 20260.88Jun 15, 20260.88Mar 16, 2026
20254×
0.82Dec 15, 20250.82Sep 15, 20250.82Jun 16, 20250.82Mar 17, 2025
20244×
0.73Dec 16, 20240.73Sep 16, 20240.73Jun 17, 20240.73Mar 15, 2024
20234×
0.69Dec 15, 20230.69Sep 15, 20230.69Jun 15, 20230.69Mar 17, 2023
20224×
0.64Dec 16, 20220.64Sep 16, 20220.64Jun 16, 20220.64Mar 18, 2022
20212×
0.60Dec 17, 20210.60Sep 17, 2021