DT Midstream (NYSE:DTM) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

DT Midstream (NYSE:DTM) announced its earnings results on Thursday. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.03, Zacks reports. DT Midstream had a return on equity of 9.58% and a net margin of 35.72%. The firm had revenue of $336.00 million during the quarter, compared to the consensus estimate of $337.63 million. During the same quarter in the prior year, the company earned $1.13 EPS.

Here are the key takeaways from DT Midstream’s conference call:

• DT Midstream raised its 2026 outlook, narrowing adjusted EBITDA guidance to $1.185 billion-$1.225 billion and increasing distributable cash flow guidance to $860 million-$890 million.
• The company reached final investment decision on approximately $400 million of new pipeline projects, including the MIST Southbound expansion and a power-plant lateral, increasing total committed capital to about $2.4 billion.
• Management cited durable long-term demand from LNG exports, power generation, data centers and coal-to-gas switching, while its 2027 adjusted EBITDA outlook was reaffirmed and the quarterly dividend remained $0.88 per share.
• Fourth-quarter results are expected to decline sequentially because of offline capacity and higher Stonewall expenses, as well as lower Northeast gathering volumes from producer curtailments and downstream outages.
• Capital efficiency reduced the 2026 growth-capital range by more than 10% at the midpoint, supporting expected year-end leverage of approximately 2.8 times on balance sheet and 3.4 times on a proportionate basis.

DT Midstream Price Performance

DTM traded up $2.44 during midday trading on Thursday, hitting $127.24. The company had a trading volume of 1,537,600 shares, compared to its average volume of 952,754. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $12.98 billion, a PE ratio of 27.31, a P/E/G ratio of 1.74 and a beta of 0.72. DT Midstream has a twelve month low of $106.00 and a twelve month high of $152.88. The firm’s 50-day simple moving average is $125.89 and its 200-day simple moving average is $134.54.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.8%. DT Midstream’s dividend payout ratio is currently 77.02%.

DT Midstream News Summary

Here are the key news stories impacting DT Midstream this week:

• Positive Sentiment: Third-quarter earnings beat expectations: DTM reported operating earnings of $1.16 per diluted share, above the $1.13 analyst consensus, while adjusted EBITDA reached $301 million. Earnings also improved from $1.13 per share in the year-earlier quarter. DT Midstream Reports Strong Third Quarter 2026 Results; Raises Adjusted EBITDA Guidance
• Positive Sentiment: Guidance was raised: Management increased its 2026 adjusted EBITDA outlook to $1.185 billion-$1.225 billion and sanctioned approximately $400 million of new projects. The higher outlook signals confidence in operating performance and future expansion. DT Midstream raises 2026 adjusted EBITDA guidance
• Positive Sentiment: Dividend maintained: DTM declared a quarterly dividend of $0.88 per share, or $3.52 annualized, representing an indicated yield of approximately 2.8%. The dividend is payable January 15 to shareholders of record December 15.
• Neutral Sentiment: Revenue was slightly below estimates: Third-quarter revenue totaled $336 million versus the $337.63 million consensus, partially offsetting the earnings beat. DT Midstream Reports Q3 Operating Earnings
• Negative Sentiment: Analyst revisions were mixed: US Capital Advisors raised its first-quarter 2027 EPS estimate slightly to $1.32 but cut its 2028 forecast to $5.55 from $5.62, indicating some longer-term caution.

Analyst Ratings Changes

DTM has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on DT Midstream from $170.00 to $164.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Wall Street Zen cut DT Midstream from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. The Goldman Sachs Group restated a “sell” rating and issued a $121.00 price objective on shares of DT Midstream in a research note on Wednesday, October 14th. Barclays lowered their price objective on shares of DT Midstream from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, DT Midstream presently has a consensus rating of “Moderate Buy” and an average target price of $151.36.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.