DT Midstream (NYSE:DTM – Get Free Report) released its quarterly earnings results on Thursday. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.11 by $0.16, Zacks reports. DT Midstream had a return on equity of 9.13% and a net margin of 35.48%.The business had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $313.65 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share. DT Midstream updated its FY 2026 guidance to 4.420-4.820 EPS.
Here are the key takeaways from DT Midstream’s conference call:
- DTM approved investment in two pipeline projects: a Vector Pipeline mainline expansion (~400 MMcf/d) under 20?year utility contracts expected in service Q4 2028, and Millennium R2R (70 MMcf/d) expected in service Q1 2027.
- Non?binding open seasons were oversubscribed — Midwestern Gas Transmission for up to 1.5 Bcf/d (north/south) and Vector’s 2030 westbound expansion (300–500 MMcf/d) — signaling strong customer demand as DTM advances commercialization.
- Q1 Adjusted EBITDA was $308 million (up $15M QoQ); management reaffirmed 2026 guidance, raised committed growth capital to ~ $400M (2026) and ~$440M (2027), and kept the quarterly dividend at $0.88 per share.
- Management warned Q2 will be lower than Q1 because the quarter benefited from an unusually cold winter and included seasonality, a Guardian rate step?down, and planned maintenance, so Q1 performance is not expected to repeat.
- Haynesville and LEAP are running at/near capacity (LEAP at 2.1 Bcf/d with expandability toward 4 Bcf/d), positioning DTM to capture rising U.S. LNG export and incremental power?generation demand in the Midwest/Northeast.
DT Midstream Stock Performance
Shares of DT Midstream stock traded down $0.25 on Friday, reaching $147.74. 693,788 shares of the company were exchanged, compared to its average volume of 833,122. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.07. The company’s 50-day moving average is $136.36 and its two-hundred day moving average is $124.86. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 2.88 and a beta of 0.75. DT Midstream has a 1-year low of $98.06 and a 1-year high of $150.45.
DT Midstream Dividend Announcement
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Stifel Nicolaus set a $137.00 price objective on DT Midstream and gave the company a “hold” rating in a research note on Monday, February 23rd. The Goldman Sachs Group upped their price objective on DT Midstream from $111.00 to $127.00 and gave the company a “sell” rating in a research note on Monday, April 20th. Jefferies Financial Group restated a “buy” rating and set a $166.00 price objective on shares of DT Midstream in a research note on Friday. Wells Fargo & Company upped their price objective on DT Midstream from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $147.67.
Trending Headlines about DT Midstream
Here are the key news stories impacting DT Midstream this week:
- Positive Sentiment: Q1 beat and healthy cash-generation: Reported EPS $1.27 vs. $1.11 expected, revenue $336M vs. $313.7M est., and Adjusted EBITDA of $308M — results and margins point to stronger-than-expected operating performance. Q1 Results
- Positive Sentiment: Growth runway expanded: Management outlined the Vector project targeting an incremental ~400 MMcf/d by Q4 2028 and raised 2026–27 committed capital to approximately $400M–$440M — signals multi-year volume and revenue growth from capacity expansion. Vector / Committed Capital
- Positive Sentiment: Dividend maintained/increased cash return: DTM declared a quarterly dividend of $0.88/share (annualized yield ~2.4%), supporting income-focused investor demand and signaling confidence in cash flow.
- Neutral Sentiment: FY?2026 EPS guidance provided: Company set FY26 EPS guidance of $4.420–$4.820 (range around consensus); guidance gives a framework for 2026 but includes a wide band. FY26 Guidance (press release / slide deck)
- Neutral Sentiment: Earnings materials posted: Management presentation and conference call slides are available for review (useful for details on segment performance, capex timing, and contract coverage). Earnings Presentation
- Neutral Sentiment: Media and analyst summaries available (pre- and post-earnings coverage summarize drivers and outlook). Earnings Preview / Coverage Earnings Snapshot
- Negative Sentiment: Guidance midpoint and higher near-term capex introduce some uncertainty: The guidance midpoint (~$4.62) is slightly below some consensus/analyst estimates and the increased committed capital raises near-term spending needs — could temper free-cash-flow upside and valuation multiple expansion in the near term. Capex / Guidance Discussion
Insider Transactions at DT Midstream
In other DT Midstream news, CFO Jeffrey A. Jewell acquired 185 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was acquired at an average cost of $136.33 per share, with a total value of $25,221.05. Following the acquisition, the chief financial officer directly owned 89,583 shares of the company’s stock, valued at $12,212,850.39. This represents a 0.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by company insiders.
Hedge Funds Weigh In On DT Midstream
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WFA of San Diego LLC bought a new position in DT Midstream in the 2nd quarter worth approximately $33,000. Geneos Wealth Management Inc. grew its holdings in DT Midstream by 39.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock worth $42,000 after buying an additional 123 shares in the last quarter. Lazard Asset Management LLC grew its holdings in DT Midstream by 36.5% in the 2nd quarter. Lazard Asset Management LLC now owns 621 shares of the company’s stock worth $68,000 after buying an additional 166 shares in the last quarter. Larson Financial Group LLC grew its holdings in DT Midstream by 20.7% in the 3rd quarter. Larson Financial Group LLC now owns 997 shares of the company’s stock worth $113,000 after buying an additional 171 shares in the last quarter. Finally, Virtus Investment Advisers LLC bought a new position in DT Midstream in the 4th quarter worth approximately $163,000. 81.53% of the stock is owned by institutional investors.
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.
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