DT Midstream (NYSE:DTM) Issues Quarterly Earnings Results

DT Midstream (NYSE:DTM) released its quarterly earnings data on Thursday. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03), Briefing.com reports. DT Midstream had a net margin of 34.30% and a return on equity of 8.83%. The company had revenue of $322.00 million for the quarter, compared to analysts’ expectations of $320.07 million. During the same quarter in the previous year, the business posted $0.94 EPS.

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

• Adjusted EBITDA reached $1.138 billion in 2025, a 17% increase year-over-year, driven by a 27% jump in the pipeline segment (Midwest acquisition plus higher LEAP and storage revenue).
• Management raised the organic growth backlog by ~50% to $3.4 billion over five years (≈75% pipeline), with about $1.6 billion already committed and FID achieved on the Viking expansion and the Interstate Pipelines Modernization Phase Two; Vector and Millennium projects have contractual support pending final approvals.
• 2026 guidance calls for Adjusted EBITDA of $1.155–$1.225 billion (midpoint ~6% above prior guidance), with 2026 growth capex of $420–$480 million (≈$390 million committed) and an early 2027 outlook showing further mid-single-digit EBITDA growth.
• Company cites strong structural demand drivers—power-plant retirements, large utility load additions, and LNG export growth—identifying an addressable Upper Midwest opportunity of roughly 5–8 Bcf/d and noting winter price volatility as a signal for needed pipeline/storage expansion.

DT Midstream Stock Down 1.7%

Shares of NYSE DTM traded down $2.21 during mid-day trading on Thursday, hitting $131.27. The company had a trading volume of 907,617 shares, compared to its average volume of 716,794. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $13.35 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. The business’s 50-day simple moving average is $122.77 and its 200 day simple moving average is $114.46. DT Midstream has a 1-year low of $83.30 and a 1-year high of $134.97.

Institutional Trading of DT Midstream

Institutional investors have recently bought and sold shares of the business. Rafferty Asset Management LLC acquired a new position in DT Midstream in the 4th quarter valued at approximately $205,000. Palisade Asset Management LLC acquired a new position in shares of DT Midstream during the 3rd quarter valued at about $170,000. Laird Norton Wetherby Wealth Management LLC raised its position in shares of DT Midstream by 6.3% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,997 shares of the company’s stock valued at $226,000 after purchasing an additional 119 shares during the period. Nomura Holdings Inc. acquired a new position in DT Midstream during the 2nd quarter worth $203,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of DT Midstream during the 2nd quarter worth about $218,000. 81.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DTM has been the topic of several research analyst reports. Bank of America lifted their price objective on DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. lifted their price target on DT Midstream from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Barclays boosted their price target on DT Midstream from $114.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a report on Wednesday, January 21st. Finally, Mizuho upped their target price on shares of DT Midstream from $108.00 to $129.00 and gave the stock a “neutral” rating in a report on Tuesday. Seven investment 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 MarketBeat.com, DT Midstream currently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

About DT Midstream

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.