Latest revenue
$336.0M
as of 2026-03-31
Latest net income
$130.0M
as of 2026-03-31
Net margin
38.7%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $15.42B
- Enterprise value
- $15.42B
- P/E (trailing)
- 35.0×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 2.2%
- 52-wk high
- $151.79
- 52-wk low
- $98.06
- Beta
- —
- Shares out
- 102.0M
5-year trend
What this company does
Items 1. and 2. Business and Properties General DT Midstream was incorporated in the state of Delaware in 2021. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements, and all amendments to such reports are available free of charge through the Investors Relations page of DT Midstream's website: www.dtmidstream.com, as soon as reasonably practicable after they are filed with or furnished to the SEC. Additionally, the public may read and copy any materials that we file electronically with the SEC at www.sec.gov. The DT Midstream Code of Conduct, Board of Directors' Code of Business Conduct and Ethics, Board of Directors' Governance…
AI summary unavailable — showing raw filing excerpt
Generated from DTM's filing dated 2024-02-16
Key risks
Item 1A. Risk Factors You should carefully consider the following risks and other information in this Form 10-K. Any of the following risks and uncertainties could materially adversely affect our business, financial condition and results of operations. Risks Relating to Our Business Operational Risks Any significant decrease in production or in demand of natural gas in our asset footprint could materially adversely affect our business, financial condition and results of operations. Our business is dependent on the continued availability of and demand for natural gas in our areas of operation, which include the Midwestern U.S., Canada, Northeastern U.S. and Gulf Coast regions. To maintain or…
AI summary unavailable — showing raw filing excerpt
Generated from DTM's filing dated 2024-02-16
Profitability
Operating margin
49.4%
0.9%Net margin
35.5%
1.7%Return on equity
9.3%
21.7%Return on assets
4.4%
22.8%Leverage
Debt / equity
1.13×
1.6%Long-term debt / equity
0.70×
2.2%Debt / assets
53.0%
0.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $336.0M | +10.9% | $130.0M | +20.4% | 38.7% |
Q4 2025 2025-12-31 | $317.0M | +27.3% | $111.0M | +52.1% | 35.0% |
Q3 2025 2025-09-30 | $314.0M | +26.6% | $115.0M | +30.7% | 36.6% |
Q2 2025 2025-06-30 | $309.0M | +26.6% | $107.0M | +11.5% | 34.6% |
Q1 2025 2025-03-31 | $303.0M | +26.3% | $108.0M | +11.3% | 35.6% |
Q4 2024 2024-12-31 | $249.0M | — | $73.0M | — | 29.3% |
Q3 2024 2024-09-30 | $248.0M | +6.0% | $88.0M | -3.3% | 35.5% |
Q2 2024 2024-06-30 | $244.0M | +8.9% | $96.0M | +5.5% | 39.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Natural Gas Transmission · SIC 4922
Your notes
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Insider activity
Insider buying
$63.0K
Insider selling
$768.6K
Net activity
−$705.6K
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns DTM
Institutional value
$6.08B
Total shares held
46.9M
Distinct holders
479
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 10.9M | $1.47B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5.9M | $792.4M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 4.6M | $614.7M | — | New |
| 4 | DEUTSCHE BANK AG\ | 3.1M | $411.6M | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 2.3M | $306.6M | — | New |
| 6 | Capital Research Global Investors | 1.1M | $153.1M | — | New |
| 7 | Invesco Ltd. | 992.0K | $133.6M | — | New |
| 8 | REAVES W H & CO INC | 932.5K | $125.6M | — | New |
| 9 | Bank of New York Mellon Corp | 892.4K | $120.2M | — | New |
| 10 | FRANKLIN RESOURCES INC | 768.2K | $103.5M | — | New |
| 11 | CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT | 727.1K | $97.9M | — | New |
| 12 | KAYNE ANDERSON CAPITAL ADVISORS LP | 650.0K | $87.5M | — | New |
| 13 | VANGUARD FIDUCIARY TRUST CO | 630.1K | $84.9M | — | New |
| 14 | UBS Group AG | 621.3K | $83.7M | — | New |
| 15 | JPMORGAN CHASE & CO | 608.1K | $81.9M | — | New |
| 16 | Mitsubishi UFJ Trust & Banking Corp | 523.3K | $70.5M | — | New |
| 17 | Russell Investments Group, Ltd. | 514.7K | $69.3M | — | New |
| 18 | PRINCIPAL FINANCIAL GROUP INC | 506.3K | $68.2M | — | New |
| 19 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 420.2K | $56.6M | — | New |
| 20 | Nuveen, LLC | 391.6K | $52.7M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once DTM's latest filing finishes processing.