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DTM

DT Midstream·NYSE
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DTM fundamentals

DT Midstream (DTM) released its earnings on Feb 19, 2026: revenue was 322.00M (YoY +29.32%), beat estimates; EPS was 1.08 (YoY +47.95%), missed estimates.
Revenue / YoY
322.00M
+29.32%
EPS / YoY
1.08
+47.95%
Report date
Feb 19, 2026
DTM Earnings Call Summary for Q4,2025
  • 17% EBITDA Growth: 2025 adjusted EBITDA of $1.138 billion, driven by Pipeline segment expansion and Midwest pipeline acquisition.
  • $3.4B Project Backlog: Five-year organic growth plan includes 75% pipeline projects, with Viking expansion and Interstate modernization at FID.
  • Market Growth Drivers: 5-8 Bcf/day incremental demand in Upper Midwest from utilities and data centers; 11 Bcf LNG export growth by 2030.
  • Financial Strength: 2026 EBITDA guidance of $1.155-1.225 billion (6% growth), 2027 outlook of $1.225-1.295 billion. Dividend increased 7.3% to $0.88/share.
  • Strategic Focus: 95% demand-based contracts, pipeline segment now 70% of business. Storage greenfield opportunities to address capacity constraints.
EPS
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
0.70.770.890.840.931.160.880.840.930.941.240.990.980.90.731.061.041.131.08
Forecast
0.75320.79310.83620.89050.87260.86430.97250.92620.87450.90270.92010.94460.92290.93970.89111.08361.00721.06311.1615
Surprise
-7.06%
-2.91%
+6.43%
-5.67%
+6.58%
+34.21%
-9.51%
-9.31%
+6.35%
+4.13%
+34.77%
+4.81%
+6.19%
-4.22%
-18.08%
-2.18%
+3.26%
+6.29%
-7.02%
Revenue
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
208.00M212.00M223.00M215.00M227.00M235.00M243.00M222.50M224.00M234.00M244.00M240.00M244.00M244.50M249.00M303.00M309.00M314.00M322.00M
Forecast
192.63M203.30M210.71M217.56M213.73M218.59M230.99M236.10M227.77M227.84M235.13M243.13M236.65M242.28M253.40M285.55M294.94M303.33M317.11M
Surprise
+7.98%
+4.28%
+5.83%
-1.18%
+6.21%
+7.51%
+5.20%
-5.76%
-1.65%
+2.70%
+3.77%
-1.29%
+3.11%
+0.91%
-1.73%
+6.11%
+4.77%
+3.52%
+1.54%

Earnings Call