DT Midstream, Inc. (DTM)
DT Midstream, Inc. brought in $1.3B of revenue over the twelve months to September 30, 2026, up 13.4% from a year earlier. Net income was $471M, a net margin of 35.4%. Operating cash flow minus capital spending left $441M of free cash flow in fiscal 2025. At September 30, 2026 it held $231M in cash against $3.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about DT Midstream, Inc.
- Net worth
- DT Midstream, Inc. has a market value (market cap) of $11.9B at the latest share price, and shareholders' equity of $4.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.2B (+26.7% year on year), with net income of $441M. Over the 12 months to September 30, 2026: revenue $1.3B, net income $471M.
- Cash flow
- In fiscal 2025 operations brought in $867M of cash; after $426M of capital spending, free cash flow was $441M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- DT Midstream, Inc.'s next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- DT Midstream, Inc. declared dividends of $3.28 per share in fiscal 2025, a yield of 2.82% at the current price.
What DT Midstream, Inc. does
DT Midstream, Inc. is registered with the SEC under industry code SIC 4922 (Natural Gas Transmission). Its shares trade on NYSE under the ticker DTM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.2B | $441M | $4.30 | $441M |
| 2024 | $981M | $354M | $3.60 | $413M |
| 2023 | $922M | $384M | $3.94 | $26M |
| 2022 | $920M | $370M | $3.81 | $387M |
| 2021 | $840M | $307M | $3.16 | $432M |
| 2021 | $754M | $312M | $3.23 | $79M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where DTM ranks in Utilities
Dividends
DT Midstream, Inc. declared $3.28 per share in fiscal 2025. At the current price that is a yield of 2.82%. It paid out $324M in cash dividends, 73% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.28 | $324M | 73% |
| 2024 | $2.94 | $280M | 79% |
| 2023 | $2.76 | $263M | 68% |
| 2022 | $2.56 | $244M | 66% |
| 2021 | $1.20 | $58M | 19% |
| 2021 | n/a | $0 | 0% |
Latest SEC filings
What DT Midstream, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 7% to $336M versus the same quarter last year; diluted EPS $1.16 versus $1.13.
- October 29, 2026
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 11% to $343M versus the same quarter last year; diluted EPS $1.09 versus $1.04.
- July 30, 2026
- May 12, 2026
- May 7, 2026
- April 30, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 11% to $336M versus the same quarter last year; diluted EPS $1.27 versus $1.06.
- April 30, 2026
- April 29, 2026Passive stake (5% or more) SCHEDULE 13G
- April 29, 2026Passive stake (5% or more) SCHEDULE 13G
What is DTM worth? A DCF from its reported cash flow
Insider trades
What the people running DT Midstream, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 7, 2026 | Pickle Elaine MDirector | Bought | 1,500 | $198.9K |
| August 5, 2026 | Jewell Jeffrey AExecutive V.P., CFO | Bought | 145 | $19.4K |
| May 15, 2026 | Jewell Jeffrey AExecutive V.P., CFO | Bought | 150 | $22.2K |
| May 6, 2026 | Archon Angela NDirector | Exercised options | 1,178 | - |
| May 4, 2026 | Jewell Jeffrey AExecutive V.P., CFO | Exercised options | 16,109 | - |
| May 4, 2026 | Jewell Jeffrey AExecutive V.P., CFO | Shares withheld for tax | 16,109 | $2.2M |
| March 5, 2026 | Finland Joseph PeterChief Accounting Officer | Exercised options | 1,033 | - |
| March 5, 2026 | Finland Joseph PeterChief Accounting Officer | Shares withheld for tax | 412 | $58.4K |
Who owns DTM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 5.78% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.22% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 709 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 11,398,947 | +481,899 |
| Vanguard Portfolio Management LLC | 5,778,907 | -105,332 |
| Vanguard Capital Management LLC | 4,607,124 | +42,540 |
| Geode Capital Management, LLC | 3,401,455 | +1,090,501 |
| State Street Corp | 3,377,042 | +130,697 |
| Deutsche Bank AG\ | 3,034,454 | -21,987 |
| Neuberger Berman Group LLC | 2,989,882 | +52,474 |
| Tortoise Capital Advisors, L.L.C. | 2,975,967 | -31,592 |
| Blackstone Inc. | 2,490,513 | -189,743 |
| Dimensional Fund Advisors LP | 2,274,247 | -2,597 |
| 59 North Capital Management, LP | 1,974,250 | -647,659 |
| Goldman Sachs Group Inc | 1,943,875 | -222,331 |
| Clearbridge Investments, LLC | 1,595,854 | +1,352,416 |
| Massachusetts Financial Services Co | 1,475,520 | +932,413 |
| Morgan Stanley | 1,161,155 | +146,224 |
| Capital Research Global Investors | 1,148,214 | +11,251 |
| Citadel Advisors LLC | 1,127,342 | -213,475 |
| Invesco Ltd. | 1,088,844 | +96,888 |
| Reaves W H & Co Inc | 1,075,353 | +142,870 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,065,100 | +6,328 |
Insiders
9 insiders reported holding 512,808 shares in total, about $59.7M at the last price.
| Holder | Shares |
|---|---|
| Slater DavidExec. Chair and CEO, Director | 262,972 |
| Zona ChristopherPresident and Chief Oper. Off. | 96,130 |
| Jewell Jeffrey AExecutive V.P., CFO | 89,877 |
| Ellis WendyE.V.P., Gen Counsel & Corp Sec | 26,773 |
| Cox MelissaE.V.P., Chief Admin. Off. | 12,133 |
| Tumminello Peter IDirector | 11,386 |
| Archon Angela NDirector | 6,073 |
| Pickle Elaine MDirector | 5,808 |
| Finland Joseph PeterChief Accounting Officer | 1,657 |
Questions about DTM
What does DT Midstream, Inc. do?
DT Midstream, Inc. is a company in the Utilities sector, listed on NYSE as DTM. Its shares trade on NYSE under the ticker DTM.
What is DT Midstream, Inc.'s net worth?
DT Midstream, Inc. has a market value (market cap) of $11.9B at the latest share price, and shareholders' equity of $4.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is DT Midstream, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $471M on revenue of $1.3B, a net margin of 35.4%.
How much revenue does DT Midstream, Inc. make?
Over the twelve months to September 30, 2026 DT Midstream, Inc. reported revenue of $1.3B. That is 13.4% more than a year earlier.
When did DT Midstream, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026.
When is DT Midstream, Inc.'s next earnings report?
DT Midstream, Inc.'s next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does DT Midstream, Inc. pay a dividend?
Yes. DT Midstream, Inc. declared dividends of $3.28 per share in fiscal 2025, a yield of 2.82% at the current price.
Similar companies
Compare DTM with
Follow DTM
Get an email when DT Midstream, Inc. files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values DT Midstream, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.