DT Midstream (NYSE:DTM) Releases Earnings Results, Misses Estimates By $0.08 EPS

DT Midstream (NYSE:DTM) posted its earnings results on Thursday. The company reported $1.09 earnings per share (EPS) 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 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:

• 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%

DTM traded up $0.64 during mid-day trading on Thursday, reaching $136.59. The stock had a trading volume of 1,641,464 shares, compared to its average volume of 655,113. The firm’s fifty day simple moving average is $144.05 and its two-hundred day simple moving average is $137.80. The stock has a market capitalization of $13.93 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.95 and a beta of 0.71. DT Midstream has a 52 week low of $99.81 and a 52 week high of $152.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

DT Midstream Dividend Announcement

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

Hedge Funds Weigh In On DT Midstream

Large investors have recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. boosted its holdings in DT Midstream by 10.6% in 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 acquiring an additional 285,770 shares during the last quarter. Invesco Ltd. raised its holdings in DT Midstream by 4.7% during the 4th quarter. Invesco Ltd. now owns 1,045,754 shares of the company’s stock worth $125,156,000 after purchasing an additional 47,030 shares during the last quarter. Morgan Stanley lifted its position in DT Midstream by 7.7% during the 4th quarter. Morgan Stanley now owns 1,041,197 shares of the company’s stock valued at $124,611,000 after purchasing an additional 74,355 shares during the period. Merewether Investment Management LP lifted its position in DT Midstream by 192.4% during the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock valued at $113,128,000 after purchasing an additional 658,400 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of DT Midstream by 1.7% in the 3rd quarter. Northern Trust Corp now owns 914,538 shares of the company’s stock valued at $103,398,000 after purchasing an additional 15,044 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream News Roundup

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

• Positive Sentiment: DT Midstream reported second-quarter 2026 net income and operating earnings of $112 million, or $1.09 per diluted share, alongside adjusted EBITDA of $305 million. Earnings improved from $1.04 per share in the year-earlier quarter. DT Midstream Reports Strong Second Quarter 2026 Results
• Positive Sentiment: The company declared a quarterly dividend of $0.88 per share, equivalent to $3.52 annually and a reported yield of approximately 2.6%. The payment is scheduled for October 15 for shareholders of record on September 21. The dividend supports the stock’s income appeal.
• Positive Sentiment: US Capital Advisors raised its DT Midstream EPS forecasts to $5.24 for fiscal 2027 and $5.55 for fiscal 2028, modestly improving the longer-term growth outlook versus its previous estimates.
• Neutral Sentiment: The company’s net margin was 36.28% and return on equity was 9.53%, indicating solid profitability, although the shares trade at a relatively demanding valuation of roughly 30 times earnings.
• Negative Sentiment: Second-quarter EPS of $1.09 came in $0.08 below the $1.17 analyst consensus, which may limit near-term enthusiasm despite year-over-year earnings growth. DT Midstream Q2 Earnings Snapshot
• Negative Sentiment: Fiscal 2026 EPS guidance of $4.42–$4.82 has a midpoint of $4.62, below the approximately $4.78 consensus estimate, signaling some potential pressure on near-term earnings expectations.
• Negative Sentiment: A separate earnings-watch analysis cited GF Value’s estimate of roughly 13% downside, highlighting valuation risk if growth or future results fall short. Earnings Watch: DT Midstream Inc.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised their price target on DT Midstream from $164.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Raymond James Financial restated an “outperform” rating and set a $158.00 target price on shares of DT Midstream in a report on Thursday, April 30th. Wall Street Zen upgraded DT Midstream from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Scotiabank initiated coverage on DT Midstream in a report on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price target for the company. Finally, UBS Group lifted their price target on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.69.

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.