DT Midstream (NYSE:DTM) Issues Quarterly Earnings Results

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. The company had revenue of $332.57 million for the quarter, compared to analyst estimates of $325.84 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter in the prior year, the business posted $1.04 EPS. 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 Price Performance

Shares of DTM stock traded up $0.21 during trading on Friday, hitting $136.98. The company had a trading volume of 302,917 shares, compared to its average volume of 779,793. The firm has a market capitalization of $13.97 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. DT Midstream has a one year low of $99.81 and a one year 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. The stock’s 50-day moving average price is $144.05 and its 200 day moving average price is $137.80.

DT Midstream Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on DTM. UBS Group upped their target price on DT Midstream from $152.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings upgraded DT Midstream from a “buy (a-)” rating to a “buy (a)” rating in a research note on Friday, July 24th. Morgan Stanley upped their price objective on DT Midstream from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. increased their price objective on DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Citigroup boosted their target price on shares of DT Midstream from $156.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.54.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. lifted its stake in DT Midstream by 10.6% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,980,945 shares of the company’s stock worth $356,759,000 after purchasing an additional 285,770 shares during the last quarter. Invesco Ltd. raised its holdings in shares of 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 buying an additional 47,030 shares in the last quarter. Morgan Stanley lifted its position in shares of DT Midstream by 7.7% during the 4th quarter. Morgan Stanley now owns 1,041,197 shares of the company’s stock worth $124,611,000 after buying an additional 74,355 shares during the last quarter. Merewether Investment Management LP lifted its position in shares of DT Midstream by 192.4% during the 3rd quarter. Merewether Investment Management LP now owns 1,000,600 shares of the company’s stock worth $113,128,000 after buying an additional 658,400 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in DT Midstream by 1.7% in the third quarter. Northern Trust Corp now owns 914,538 shares of the company’s stock valued at $103,398,000 after buying an additional 15,044 shares in the last quarter. 81.53% of the stock is owned by institutional investors.

DT Midstream News Summary

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

• Positive Sentiment: DT Midstream reported second-quarter adjusted EBITDA of $305 million and revenue of $332.57 million, exceeding analysts’ $325.84 million estimate. Net income was $112 million, or $1.09 per diluted share. 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 stated yield of approximately 2.6%. The dividend supports DT Midstream’s income appeal and signals continued confidence in cash-flow generation.
• Positive Sentiment: US Capital Advisors modestly raised its EPS forecasts for fiscal 2027 to $5.24 from $5.23 and fiscal 2028 to $5.55 from $5.50, suggesting expectations for continued earnings growth.
• Neutral Sentiment: Management characterized the second-quarter results as strong, while the earnings presentation and conference call are likely to draw investor attention to operating trends, expansion projects and future growth prospects. DT Midstream 2026 Q2 Results Earnings Call Presentation
• Negative Sentiment: Second-quarter EPS of $1.09 fell short of the $1.17 consensus estimate by $0.08, despite improving from $1.04 in the prior-year period. The miss may limit upside for the stock in the near term.
• Negative Sentiment: DT Midstream issued fiscal 2026 EPS guidance of $4.42 to $4.82. Although the midpoint is consistent with the company’s broader growth outlook, it is below the approximately $4.78-$4.80 analyst consensus midpoint, indicating a potentially cautious outlook.

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.