DT Midstream (NYSE:DTM) Announces Quarterly Earnings Results

DT Midstream (NYSE:DTM) posted its quarterly earnings data on Thursday. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08), Briefing.com reports. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same quarter in the prior year, the firm posted $1.04 EPS. DT Midstream updated its FY 2026 guidance to 4.420-4.820 EPS.

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

• DT Midstream reaffirmed its 2026 Adjusted EBITDA guidance and 2027 early outlook, supported by a healthy balance sheet and improved leverage thresholds from Moody’s and Fitch.
• The company reached final investment decisions on approximately $300 million of organic growth projects, including a 200 MMcf/d LEAP expansion, Viking modernization, a 100 MMcf/d Appalachia expansion, and a 380 MMcf/d NEXUS interconnect serving a data center power plant.
• DT Midstream has now commercialized 60% of its $3.4 billion organic project backlog, with more than 80% tied to pipeline projects and supported by long-term contracts.
• Haynesville gathering volumes reached a quarterly record of 2.2 Bcf/d, while management said additional LEAP expansions remain possible as LNG and domestic demand continue to grow.
• Management expects third-quarter results to be below the strong second quarter because of gathering-network maintenance and temporarily lower Northeast volumes, although the full-year outlook remains unchanged.

DT Midstream Trading Up 0.5%

Shares of NYSE DTM traded up $0.64 during trading hours on Thursday, reaching $136.59. The stock had a trading volume of 1,641,464 shares, compared to its average volume of 655,113. DT Midstream has a 52-week low of $99.81 and a 52-week high of $152.88. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 2.95 and a beta of 0.71. The business’s fifty day moving average price is $144.30 and its two-hundred day moving average price is $137.67. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68.

DT Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be issued a $0.88 dividend. The ex-dividend date is Monday, September 21st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.6%. DT Midstream’s payout ratio is presently 77.88%.

Institutional Investors Weigh In On DT Midstream

Institutional investors and hedge funds have recently bought and sold shares of the company. Merewether Investment Management LP lifted its holdings in shares of DT Midstream by 192.4% in the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock worth $113,128,000 after buying an additional 658,400 shares during the period. Clark Capital Management Group Inc. increased its stake in shares of DT Midstream by 414.2% during the fourth quarter. Clark Capital Management Group Inc. now owns 367,901 shares of the company’s stock valued at $44,030,000 after buying an additional 296,348 shares during the period. Tortoise Capital Advisors L.L.C. increased its stake in shares of DT Midstream by 10.6% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock valued at $356,759,000 after buying an additional 285,770 shares during the period. Millennium Management LLC raised its holdings in shares of DT Midstream by 838.1% in the third quarter. Millennium Management LLC now owns 280,370 shares of the company’s stock valued at $31,699,000 after acquiring an additional 250,483 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of DT Midstream by 41.7% in the second quarter. Bank of America Corp DE now owns 754,518 shares of the company’s stock valued at $82,929,000 after acquiring an additional 222,047 shares in the last quarter. 81.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DTM shares. Barclays upped their price target on shares of DT Midstream from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. UBS Group boosted their target price on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, May 15th. The Goldman Sachs Group upped their target price on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research note on Monday, April 20th. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Morgan Stanley boosted their price objective on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.69.

Trending Headlines about DT Midstream

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

• Positive Sentiment: DT Midstream reported second-quarter net income and operating earnings of $112 million, or $1.09 per diluted share, up from $1.04 per share a year earlier. Adjusted EBITDA reached $305 million, highlighting continued cash-flow strength. DT Midstream Reports Strong Second Quarter 2026 Results
• Positive Sentiment: The company declared a quarterly dividend of $0.88 per share, payable October 15 to shareholders of record September 21. The dividend equates to approximately $3.52 annually and a 2.6% yield, reinforcing DT Midstream’s income appeal.
• Positive Sentiment: US Capital Advisors modestly raised its DT Midstream EPS forecasts to $5.24 for fiscal 2027 and $5.55 for fiscal 2028, suggesting improved longer-term earnings expectations.
• Neutral Sentiment: Despite year-over-year EPS growth, second-quarter earnings of $1.09 missed analysts’ $1.17 consensus estimate. The company’s net margin was 36.28% and return on equity was 9.53%.
• Negative Sentiment: DT Midstream issued fiscal 2026 EPS guidance of $4.42-$4.82. The midpoint of $4.62 is below the roughly $4.78-$4.77 analyst consensus, potentially signaling softer-than-expected near-term earnings.
• Negative Sentiment: A valuation-focused earnings preview cited an estimated 13% downside to the stock’s GF Value, adding a potential valuation concern after the recent share-price strength. Earnings To Watch: DT Midstream Inc. Q2 2026

DT Midstream Company Profile

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.