DT Midstream, Inc.

DTM

DT Midstream, Inc.

DTM

Insider Sentiment (TTM):

Last Purchase:2026-05-15Last Sale:2026-02-26Shares Purchased (TTM):485Shares Sold (TTM):6,757

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:80,603,187Shares Outstanding:101,800,000Institutional Ownership Pct.:79.18%

Earnings Market Reaction:

Filing Date:2026-04-30Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Natural Gas Transmission

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Assets
Cash And Cash Equivalents At Carrying Value	150	54	98	74	83	68	77	73	41	56	30	45
Accounts Receivable Net Current	186	186	175	164	168	172	137	143	136	154	146	144
Financing Receivable Excluding Accrued Interest Af…	4	-	-	-	-	-	-	-	-	-	-	-
Prepaid Taxes	32	42	8	17	25	33	8	16	24	31	6	11
Income Taxes Receivable	-	2	-	-	-	8	6	12	14	15	-	-
Prepaid Expense And Other Assets Current	32	34	41	36	36	29	21	12	14	16	18	10
Assets Current	404	318	322	291	312	310	249	256	229	272	200	210
Long Term Investments
Equity Method Investments	1,245	1,253	1,262	1,288	1,253	1,297	1,301	1,725	1,735	1,762	1,782	1,789
Property Plant And Equipm…
Property Plant And Equipment Gross	7,030	6,958	6,857	6,697	6,596	6,525	5,508	5,430	5,359	5,282	5,162	4,967
Accumulated Depreciation Depletion And Amortizatio…	-1,244	-1,192	-1,141	-1,092	-1,045	-998	-959	-922	-884	-848	-814	-786
Property Plant And Equipment Net	5,786	5,766	5,716	5,605	5,551	5,527	4,549	4,508	4,475	4,434	4,348	4,181
Regulated Entity Other As…
Goodwill	781	781	781	781	776	776	473	473	473	473	473	473
Other Receivables Net Current	0	4	4	4	4	4	4	4	4	4	4	4
Operating Lease Right Of Use Asset	44	46	50	50	45	49	47	51	50	38	42	43
Intangible Assets Net Excluding Goodwill	1,847	1,862	1,877	1,892	1,907	1,921	1,925	1,939	1,953	1,968	1,982	1,996
Other Assets Miscellaneous Noncurrent	48	50	49	49	51	51	39	30	32	31	31	30
Other Assets Noncurrent	2,720	2,743	2,761	2,776	2,783	2,801	2,488	2,497	2,512	2,514	2,532	2,546
Assets	10,155	10,080	10,061	9,960	10,080	9,935	8,587	8,986	8,951	8,982	8,862	8,726
Liabilities And Stockhold…
Accounts Payable Current	57	65	96	84	67	77	67	59	68	94	124	125
Short Term Borrowings	-	0	0	25	65	150	0	70	55	165	125	100
Operating Lease Liability Current	17	16	17	16	14	16	15	17	15	13	15	16
Dividends Payable Current	89	83	83	83	83	75	71	71	71	67	67	67
Interest Payable Current	49	11	49	11	50	12	38	10	38	10	39	10
Accrual For Taxes Other Than Income Taxes Current	47	48	30	36	39	42	25	32	32	34	17	22
Employee Related Liabilities Current	11	25	19	14	8	19	14	11	6	18	13	10
Contract With Customer Liability Current	24	25	22	20	20	18	18	21	21	18	-	-
Other Liabilities Current	27	23	33	42	35	17	14	15	16	15	24	11
Liabilities Current	321	296	349	331	381	426	262	306	322	434	424	361
Long Term Debt Noncurrent	3,325	3,324	3,322	3,321	3,320	3,319	2,674	3,068	3,067	3,065	3,064	3,062
Other Liabilities Noncurr…
Deferred Income Tax Liabilities Net	1,303	1,270	1,234	1,195	1,163	1,129	1,108	1,090	1,060	1,031	1,014	985
Operating Lease Liability Noncurrent	29	32	36	37	34	36	34	37	38	27	30	30
Contract With Customer Liability Noncurrent	162	160	157	144	135	135	128	125	125	111	-	-
Regulatory Liability Noncurrent	90	90	90	90	90	90	-	-	-	0	-	-
Other Sundry Liabilities Noncurrent	30	30	29	27	27	34	25	23	33	34	109	93
Other Liabilities Noncurrent	1,614	1,582	1,546	1,493	1,449	1,424	1,295	1,275	1,256	1,203	1,153	1,108
Liabilities	5,260	5,202	5,217	5,145	5,150	5,169	4,231	4,649	4,645	4,702	4,641	4,531
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Additional Paid In Capital	3,892	3,915	3,907	3,909	3,901	3,911	3,498	3,494	3,487	3,485	3,479	3,476
Retained Earnings Accumulated Deficit	867	827	801	770	747	723	726	710	686	661	608	584
Accumulated Other Comprehensive Income Loss Net Of…	-7	-7	-7	-7	-7	-8	-7	-8	-8	-8	-9	-9
Stockholders Equity	4,895	4,878	4,844	4,815	4,642	4,766	4,218	4,197	4,306	4,139	4,221	4,195
Minority Interest	142	142	142	142	140	139	138	140	140	141	142	143
Liabilities And Stockholders Equity	10,155	10,080	10,061	9,960	9,932	9,935	8,587	8,986	8,951	8,982	8,862	8,726
Variable Interest Entity Primary Beneficiary	939	943	-	-	-	914	-	-	-	-	-	-
Assets Current
Allowance For Doubtful Accounts Receivable Current	0	0	0	0	0	0	0	0	0	0	0	0
Equity
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	50	50	50	50	50	50	50	50	50	50	50	50
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	550	550	550	550	550	550	550	550	550	550	550	550
Common Stock Shares Issued	102	102	102	102	102	101	97	97	97	97	97	97
Shares Outstanding	102	102	102	102	102	101	97	97	97	97	97	97

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	2.11%	-2.57%	-1.38%	-	-	-	-	-	-	-	-	-
2025	7.07%	10.21%	8.18%	-1.04%	5.34%	6.91%	6.57%	8.34%	10.56%	3.97%	3.16%	8.61%
2024	6.70%	13.04%	20.01%	2.57%	5.25%	17.79%	21.57%	13.83%	26.88%	3.06%	3.03%	10.49%
2023	-0.97%	1.39%	14.08%	-0.81%	3.84%	7.31%	3.22%	0.17%	-1.65%	6.54%	16.19%	16.52%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	1.26	1.07	0.92	0.88	0.82	0.73	0.95	0.84	0.71	0.63	0.47	0.58
Quick Ratio	1.16	0.96	0.81	0.77	0.72	0.66	0.87	0.80	0.67	0.59	0.43	0.55
Working Capital	83.00M	22.00M	-27.00M	-40.00M	-69.00M	-116.00M	-13.00M	-50.00M	-93.00M	-162.00M	-224.00M	-151.00M
Leverage & Debt
Debt to Equity	1.07	1.07	1.08	1.07	1.11	1.08	1.00	1.11	1.08	1.10	1.10	1.08
Interest Coverage TTM	3.93	3.81	3.66	3.49	3.35	3.20	3.18	3.19	3.19	3.14	3.13	3.18
Debt Ratio	0.52	0.52	0.52	0.52	0.51	0.52	0.49	0.52	0.52	0.52	0.52	0.52
Efficiency & Turnover
Asset Turnover TTM	0.13	0.12	0.13	0.12	0.11	0.10	0.11	0.11	0.11	0.10	0.11	0.11
Days Sales Outstanding TTM	50.63	52.56	48.46	50.52	53.14	60.65	52.92	54.45	49.98	62.35	58.65	55.62
Receivables Turnover TTM	7.21	6.94	7.53	7.22	6.87	6.02	6.90	6.70	7.30	5.85	6.22	6.56
Per Share Metrics
Diluted EPS TTM	4.64	4.43	4.10	3.83	3.69	3.73	4.22	4.26	4.22	4.06	3.72	3.92
Free Cash Flow Per Share TTM	4.59	4.34	4.66	4.59	4.40	4.23	3.96	2.94	1.58	0.27	-0.23	0.32
Dividend Per Share TTM	3.26	3.19	3.07	2.95	2.84	2.87	2.84	2.80	2.76	2.71	2.66	2.61
Margin Metrics
Gross Profit Margin TTM	-	-	-	-	-	-	-	-	83.86%	83.73%	83.82%	84.16%
Operating Profit Margin TTM	49.53%	49.40%	48.60%	48.51%	49.14%	49.85%	50.82%	51.77%	51.49%	51.08%	50.71%	50.33%
Net Profit Margin TTM	37.38%	36.52%	35.74%	35.44%	36.21%	37.41%	42.42%	43.35%	43.74%	42.95%	39.41%	41.43%
Growth Metrics
Net Revenue Growth (1Y)	22.22%	26.71%	20.39%	15.28%	10.83%	6.40%	5.97%	4.34%	1.84%	0.22%	-16.04%	-14.15%
Net Income Growth (1Y)	26.19%	23.71%	1.45%	-5.76%	-8.25%	-7.32%	14.05%	9.16%	7.01%	3.66%	-20.74%	-9.48%
EPS Growth (1Y)	25.69%	18.84%	-3.04%	-9.93%	-12.23%	-7.99%	13.93%	8.94%	6.79%	3.45%	-20.99%	-9.67%
Valuation Metrics
P/E TTM	28.56	26.45	26.82	27.65	25.00	25.32	17.54	15.57	13.40	12.33	12.84	11.27
P/B TTM	2.78	2.46	2.33	2.26	2.04	1.95	1.72	1.55	1.28	1.14	1.10	1.03
P/S TTM	10.68	9.66	9.59	9.80	9.05	9.47	7.44	6.75	5.86	5.30	5.06	4.67
Market Cap	13.62B	12.01B	11.27B	10.87B	9.45B	9.29B	7.26B	6.49B	5.52B	4.88B	4.66B	4.30B
Enterprise Value	16.80B	15.28B	14.49B	14.14B	12.75B	12.69B	9.86B	9.56B	8.60B	8.06B	7.82B	7.42B
Calculated Values
Free Cash Flow TTM	467.00M	441.00M	473.00M	466.00M	446.00M	413.00M	385.00M	285.00M	153.00M	26.00M	-22.00M	31.00M
Net Debt	3.18B	3.27B	3.22B	3.27B	3.30B	3.40B	2.60B	3.07B	3.08B	3.17B	3.16B	3.12B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-15Purchase

Owner: Jewell, Jeffrey A

Title: Executive V.P., CFO

Shares: 150

Price/Share: $147.73

Value: $22,159.50

Shares Owned: 89,732

Relationship: Officer

Ownership: Direct

2026-02-26Sale

Owner: Tumminello, Peter I

Title: -

Shares: 2,002

Price/Share: $135.79

Value: $271,851.58

Shares Owned: 11,386

Relationship: Director

Ownership: Direct

2026-02-25Purchase

Owner: Jewell, Jeffrey A

Title: Executive V.P., CFO

Shares: 185

Price/Share: $136.33

Value: $25,221.05

Shares Owned: 89,583

Relationship: Officer

Ownership: Direct

2025-08-11Sale

Owner: Cox, Melissa

Title: E.V.P., Chief Admin. Off.

Shares: 4,755

Price/Share: $104.47

Value: $496,754.85

Shares Owned: 5,171

Relationship: Officer

Ownership: Direct

2025-08-07Purchase

Owner: Jewell, Jeffrey A

Title: Executive V.P., CFO

Shares: 150

Price/Share: $104.38

Value: $15,657.00

Shares Owned: 64,380

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-05-15	Jewell, Jeffrey A	Officer	Executive V.P., CFO	Direct	Purchase	150	147.73	$22,159.50	89,732	4
2026-02-26	Tumminello, Peter I	Director	-	Direct	Sale	2,002	135.79	$271,851.58	11,386	4
2026-02-25	Jewell, Jeffrey A	Officer	Executive V.P., CFO	Direct	Purchase	185	136.33	$25,221.05	89,583	4
2025-08-11	Cox, Melissa	Officer	E.V.P., Chief Admin. Off.	Direct	Sale	4,755	104.47	$496,754.85	5,171	4
2025-08-07	Jewell, Jeffrey A	Officer	Executive V.P., CFO	Direct	Purchase	150	104.38	$15,657.00	64,380	4
2025-05-09	Jewell, Jeffrey A	Officer	Executive V.P., CFO	Direct	Purchase	65	100.15	$6,509.75	64,230	4
2025-03-10	Skaggs, Robert C Jr	Director	-	Direct	Purchase	1,000	86.92	$86,920.00	38,653	4
2025-03-04	Ellis, Wendy	Officer	E.V.P., Gen Counsel & Corp Sec	Direct	Sale	18,854	92.98	$1,753,044.92	6,435	4
2025-03-03	Jewell, Jeffrey A	Officer	Executive V.P., CFO	Direct	Purchase	170	96.69	$16,437.30	64,165	4
2024-10-14	Tumminello, Peter I	Director	-	Direct	Purchase	73	86.28	$6,334.68	11,945	4/A
2024-08-09	Jewell, Jeffrey A	Officer	Executive V.P., CFO	Direct	Purchase	200	74.22	$14,844.00	44,485	4
2024-05-03	Jewell, Jeffrey A	Officer	Executive V.P., CFO	Direct	Purchase	400	62.80	$25,120.00	44,285	4
2024-03-01	Archon, Angela N	Director	-	Direct	Purchase	500	57.87	$28,935.00	500	4
2024-02-26	Skaggs, Robert C Jr	Director	-	Direct	Purchase	1,000	56.87	$56,870.00	37,289	4
2023-11-06	Jewell, Jeffrey A	Officer	Executive V.P., CFO	Direct	Purchase	298	56.15	$16,732.70	36,031	4
2023-08-04	Jewell, Jeffrey A	Officer	Executive V.P., CFO	Direct	Purchase	358	52.18	$18,680.44	35,733	4
2023-05-23	Tumminello, Peter I	Director	-	Direct	Purchase	5,000	47.35	$236,750.00	9,888	4
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Institutional Ownership

No data available for chart

2026-03-31

79.18%

Inst. Shares: 80,603,187

Shares Outstanding: 101,800,000

2025-12-31

82.90%

Inst. Shares: 84,229,689

Shares Outstanding: 101,600,000

2025-09-30

82.75%

Inst. Shares: 84,070,400

Shares Outstanding: 101,600,000

2025-06-30

81.96%

Inst. Shares: 83,273,472

Shares Outstanding: 101,600,000

2025-03-31

79.92%

Inst. Shares: 81,036,908

Shares Outstanding: 101,400,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	80,603,187	101,800,000	79.18%
2025-12-31	84,229,689	101,600,000	82.90%
2025-09-30	84,070,400	101,600,000	82.75%
2025-06-30	83,273,472	101,600,000	81.96%
2025-03-31	81,036,908	101,400,000	79.92%
2024-12-31	81,694,420	97,600,000	83.70%
2024-09-30	72,722,542	97,100,000	74.89%
2024-06-30	73,401,736	97,100,000	75.59%
2024-03-31	71,387,205	97,000,000	73.60%
2023-12-31	73,489,987	96,900,000	75.84%
2023-09-30	72,257,688	97,000,000	74.49%
2023-06-30	71,975,503	96,900,000	74.28%
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DT Midstream, Inc. (DTM) — SEC Financial Statements & Analysis

DT Midstream, Inc. (DTM) is a natural gas transmission company, incorporated in DE. DT Midstream, Inc. trades on DTM: NYSE as: DTM. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), DT Midstream, Inc. reported a 22.22% year-over-year revenue growth, a Gross Profit Margin of 83.86% (TTM), a Debt-to-Equity ratio of 1.07x, a Price-to-Sales (P/S) ratio of 10.68x (TTM), a Price-to-Book (P/B) ratio of 2.78 (TTM), at a market cap of $13.62B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 22.22%
Gross Profit Margin TTM: 83.86%
Debt To Equity: 1.07x
P/S TTM: 10.68x
P/B TTM: 2.78
Market Cap: $13.62B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is DT Midstream, Inc. in?

DT Midstream, Inc. (DTM) operates in the Natural Gas Transmission industry.

What is DTM's market cap?

DT Midstream, Inc. (DTM) has a market capitalization of $13.62B as of 2026-03-31.

What is DTM's P/E ratio?

DT Midstream, Inc. (DTM)'s trailing twelve month P/E ratio is 28.56x as of 2026-03-31.

What exchange does DTM trade on?

DT Midstream, Inc. (DTM) trades on the DTM: NYSE.

Where is DT Midstream, Inc. incorporated?

DT Midstream, Inc. is incorporated in DE.

DT Midstream, Inc. (DTM) — SEC Financial Statements & Analysis

Frequently Asked Questions

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