DT Midstream, Inc.
Company Stats
- Market Cap
- $12.2B
- as of Sep 30, 2026
- Enterprise Value
- $15.5B
- Shares Outstanding
- 102.0M
- Free Float
- 99.9%
Income Statement
- Revenue
- $1.2B
- Operating Income
- $614.0M
- Net Income
- $441.0M
- EBITDA
- $872.0M
- Revenue Growth, 3Y
- 10.6%
- FCF Margin, 3Y Avg
- 26.8%
- FCF Margin, Worst Year
- 2.8%
Cash Flow
- Free Cash Flow
- $441.0M
- FCF Yield
- 3.6%
- Owner FCF Yield
- 3.4%
Balance Sheet
- Cash & Equivalents
- $54.0M
- Total Debt
- $3.4B
- Net Debt
- $3.3B
- Net Debt / EBITDA
- 3.78x
- EV / EBITDA
- 17.76x
- Net Debt / EBIT
- 5.37x
Returns & Capital
- Dividends Paid
- $324.0M
- Dividend Yield
- 2.7%
- Dividend Payout, 3Y Avg
- 73.7%
- SBC, 3Y Avg
- $23.0M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $1.2B | $441.0M | 35.5% |
| FY2024 | $981.0M | $413.0M | 42.1% |
| FY2023 | $922.0M | $26.0M | 2.8% |
| FY2022 | $920.0M | $387.0M | 42.1% |
| FY2021 | $840.0M | $432.0M | 51.4% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 5, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Earnings
Other Coverage
October 30, 2026
This Week in Energy
This Week in Energy — October 29, 2026
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
August 14, 2026
Industry Earnings Roundup
Energy Earnings: Demand Runs Hot, Capex Stays Disciplined
July 12, 2026
Utility Annual Reviews
DT Midstream expands interstate footprint via ONEOK acquisition
This Week in Energy — October 29, 2026
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
August 14, 2026
Industry Earnings Roundup
Energy Earnings: Demand Runs Hot, Capex Stays Disciplined
July 12, 2026
Utility Annual Reviews
DT Midstream expands interstate footprint via ONEOK acquisition