DT Midstream (DTM) AI Stock Analysis

• Market Cap: $11.13B
• Dividend Yield: 2.91%
• Average Volume (3M): 862.60K
• Price to Earnings (P/E): 27.8
• Beta (1Y): 0.62
• Revenue Growth: 20.39%
• EPS Growth: -3.85%
• Country: US
• Employees: 556
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 1.13
• Shares Outstanding: 101,673,930
• 10 Day Avg. Volume: 965,259
• 30 Day Avg. Volume: 862,603
• PEG Ratio: -3.29
• Price to Book (P/B): 2.10
• Price to Sales (P/S): 9.89
• P/FCF Ratio: 23.50
• Enterprise Value/Market Cap: 1.35
• Enterprise Value/Revenue: 12.77
• Enterprise Value/Gross Profit: 22.10
• Enterprise Value/Ebitda: 15.36
• 1Y Price Target: $120.25
• Price Target Upside: 9.83% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 75 Outperform
• Price Target: $123.00 ▲(12.34% Upside)

DT Midstream's overall stock score is driven by strong financial performance and positive earnings call sentiment, reflecting robust growth and market positioning. However, technical indicators and valuation suggest caution, with potential bearish momentum and a relatively high P/E ratio. Regulatory challenges also pose risks, but the company's strategic expansions and dividend commitments provide a solid foundation for future growth.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective business model, supporting long-term financial stability and expansion.

Pipeline Expansion

The expansion enhances capacity and service reliability, securing long-term contracts and reinforcing competitive advantage in the midstream sector.

Dividend Growth Commitment

A commitment to increasing dividends reflects strong cash flow generation and management's confidence in sustainable earnings growth.

Negative Factors

Regulatory Challenges

Ongoing regulatory hurdles can delay project timelines and increase costs, potentially impacting future growth and profitability.

Debt Levels

While leverage is moderate, careful management is needed to prevent financial strain, especially in fluctuating market conditions.

Louisiana CCS Project Uncertainty

Uncertainty in project timelines can hinder strategic initiatives and delay expected returns, affecting long-term growth prospects.

DT Midstream Business Overview & Revenue Model

Company Description

DT Midstream (DTM) is a leading natural gas infrastructure company based in the United States. It operates primarily in the midstream sector, focusing on the transportation, storage, and distribution of natural gas. With a vast network of pipelines and storage facilities, DTM serves a diverse customer base, including utilities, industrial users, and other energy companies. The company is dedicated to providing safe and reliable midstream services, facilitating the movement of natural gas from production areas to consumption markets.

How the Company Makes Money

DT Midstream generates revenue primarily through fee-based contracts for its transportation and storage services. The company earns money by charging customers for the delivery of natural gas through its pipeline infrastructure and for the storage capacity it provides. Key revenue streams include long-term contracts with utility companies and industrial customers that ensure a steady income. Additionally, DTM may engage in short-term transactions when market conditions allow. Significant partnerships with producers and utilities enhance its earning potential, ensuring stable cash flow and risk mitigation in fluctuating market environments.

DT Midstream Financial Statement Overview

Summary

DT Midstream exhibits strong financial health with solid profitability, efficient operations, and robust cash flow generation. The company maintains a balanced capital structure with moderate leverage, supporting its growth trajectory. While revenue growth has slightly decelerated, the company's profitability and cash flow metrics remain strong, positioning it well within the Oil & Gas Midstream industry.

Income Statement

DT Midstream demonstrates strong profitability with a high gross profit margin of 71.87% and a solid net profit margin of 33.90% in TTM (Trailing-Twelve-Months). The revenue growth rate of 6.23% indicates a positive trend, although slightly lower than previous years. The EBIT and EBITDA margins are robust at 61.77% and 83.95%, respectively, showcasing efficient operations.

Balance Sheet

The company maintains a healthy balance sheet with a debt-to-equity ratio of 0.73, indicating moderate leverage. Return on equity stands at 8.28%, reflecting decent profitability relative to shareholder equity. The equity ratio is stable, suggesting a balanced capital structure.

Cash Flow

DT Midstream's cash flow is strong, with a significant free cash flow growth rate of 35.82% in TTM. The operating cash flow to net income ratio of 2.38 indicates robust cash generation relative to earnings. The free cash flow to net income ratio of 0.78 further underscores efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.18B	981.00M	922.00M	920.00M	840.00M	754.00M
Gross Profit	679.00M	528.00M	495.00M	483.00M	443.00M	427.00M
EBITDA	977.00M	884.00M	850.00M	808.00M	718.00M	722.00M
Net Income	403.00M	354.00M	384.00M	370.00M	307.00M	312.00M
Balance Sheet
Total Assets	10.06B	9.94B	8.98B	8.83B	8.17B	8.34B
Cash, Cash Equivalents and Short-Term Investments	98.00M	68.00M	56.00M	61.00M	132.00M	42.00M
Total Debt	3.38B	3.52B	3.27B	3.42B	3.08B	3.22B
Total Liabilities	5.22B	5.17B	4.70B	4.68B	4.14B	4.11B
Stockholders Equity	4.70B	4.63B	4.14B	4.01B	3.87B	4.07B
Cash Flow
Free Cash Flow	640.00M	413.00M	26.00M	387.00M	432.00M	79.00M
Operating Cash Flow	858.00M	763.00M	798.00M	725.00M	572.00M	597.00M
Investing Cash Flow	-1.54B	-1.08B	-351.00M	-854.00M	123.00M	-714.00M
Financing Cash Flow	701.00M	330.00M	-452.00M	58.00M	-605.00M	113.00M

DT Midstream Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 109.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DTM, the sentiment is Positive. The current price of 109.49 is below the 20-day moving average (MA) of 109.56, above the 50-day MA of 107.97, and above the 200-day MA of 101.60, indicating a neutral trend. The MACD of -0.41 indicates Positive momentum. The RSI at 52.72 is Neutral, neither overbought nor oversold. The STOCH value of 51.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DTM.

DT Midstream Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WES	―	$15.29B	11.53	38.42%	9.62%	7.11%	-16.14%
AM	―	$8.22B	17.68	22.52%	5.22%	8.70%	21.42%
DTM	―	$11.13B	27.76	9.04%	2.91%	20.39%	-3.85%
HESM	―	$7.13B	12.60	52.91%	8.37%	9.02%	17.28%
PAA	―	$11.57B	18.19	8.34%	9.24%	-4.31%	-17.80%
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
PAGP	―	$13.12B	25.12	8.16%	8.80%	-4.31%	-16.62%

DT Midstream Corporate Events

DT Midstream’s Optimistic Earnings Call Highlights Growth

DT Midstream’s recent earnings call conveyed a generally optimistic sentiment, underscored by robust financial performance and strategic project expansions. The company reported significant increases in adjusted EBITDA guidance and highlighted successful project completions. Despite facing regulatory uncertainties in New York and challenges with the Louisiana CCS project, DT Midstream’s strong market positioning and growth potential foster a positive outlook.

DT Midstream Reports Strong Q3 Results and Raises Guidance

DT Midstream, Inc. is a Detroit-based company that operates and develops natural gas pipelines, storage, and gathering systems across the United States and Canada, focusing on clean energy transportation with a commitment to achieving net zero greenhouse gas emissions by 2050.

DT Midstream Reports Strong Q3 2025 Financial Results

On October 30, 2025, DT Midstream reported strong financial results for the third quarter of 2025, with a net income of $115 million and an adjusted EBITDA of $288 million. The company announced a quarterly cash dividend of $0.82 per share, payable on January 15, 2026. Significant business updates include a final investment decision on a 40% capacity expansion of the Guardian Pipeline and the early completion of the LEAP Phase 4 expansion project. The company also achieved record high quarterly gathering volume for its Haynesville system. As a result of its strong performance, DT Midstream increased its adjusted EBITDA guidance for 2025 to between $1,115 million and $1,145 million.

The most recent analyst rating on (DTM) stock is a Buy with a $119.00 price target. To see the full list of analyst forecasts on DT Midstream stock, see the DTM Stock Forecast page.

DT Midstream Appoints New Chief Accounting Officer

On September 17, 2025, DT Midstream, Inc. appointed Joseph P. Finland as the Chief Accounting Officer, while Jeffrey A. Jewell will continue as the Chief Financial Officer. Mr. Finland, who has been with the company since July 2021, has held roles in financial planning and accounting, and his appointment reflects a strategic move to strengthen the company’s financial leadership.

The most recent analyst rating on (DTM) stock is a Hold with a $103.00 price target. To see the full list of analyst forecasts on DT Midstream stock, see the DTM Stock Forecast page.

DT Midstream’s Earnings Call Highlights Growth and Stability

During the recent earnings call, DT Midstream, Inc. conveyed a positive outlook, underscored by strong financial performance and strategic growth initiatives. The company reaffirmed its EBITDA guidance and highlighted significant investments in growth projects, alongside achieving investment-grade ratings. Despite some challenges, such as decreased EBITDA in the pipeline segment and lower volumes in the Northeast, the overall sentiment was optimistic, with expectations for continued growth and stability.