DT Midstream (NYSE:DTM) Releases Earnings Results, Misses Expectations By $0.03 EPS

DT Midstream (NYSE:DTM) posted its quarterly earnings data on Thursday. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.03), Briefing.com reports. The firm had revenue of $322.00 million for the quarter, compared to analyst estimates of $320.07 million. DT Midstream had a return on equity of 8.83% and a net margin of 34.30%.During the same period in the prior year, the company earned $0.94 earnings per share.

Here are the key takeaways from DT Midstream’s conference call:

• Adjusted EBITDA reached $1.138 billion in 2025, a 17% increase year-over-year, driven by a 27% jump in the pipeline segment (Midwest acquisition plus higher LEAP and storage revenue).
• Management raised the organic growth backlog by ~50% to $3.4 billion over five years (≈75% pipeline), with about $1.6 billion already committed and FID achieved on the Viking expansion and the Interstate Pipelines Modernization Phase Two; Vector and Millennium projects have contractual support pending final approvals.
• 2026 guidance calls for Adjusted EBITDA of $1.155–$1.225 billion (midpoint ~6% above prior guidance), with 2026 growth capex of $420–$480 million (≈$390 million committed) and an early 2027 outlook showing further mid-single-digit EBITDA growth.
• Company cites strong structural demand drivers—power-plant retirements, large utility load additions, and LNG export growth—identifying an addressable Upper Midwest opportunity of roughly 5–8 Bcf/d and noting winter price volatility as a signal for needed pipeline/storage expansion.

DT Midstream Stock Down 1.1%

DTM traded down $1.41 during trading on Thursday, reaching $132.07. 790,811 shares of the stock were exchanged, compared to its average volume of 716,031. The stock has a market cap of $13.43 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. DT Midstream has a twelve month low of $83.30 and a twelve month high of $134.97. The stock’s 50 day moving average price is $122.77 and its two-hundred day moving average price is $114.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 0.92.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DTM shares. Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of DT Midstream from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Bank of America boosted their price objective on shares of DT Midstream from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Morgan Stanley increased their target price on shares of DT Midstream from $137.00 to $139.00 and gave the stock an “underweight” rating in a report on Tuesday, February 10th. Finally, Barclays lifted their price target on shares of DT Midstream from $114.00 to $119.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, DT Midstream currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Institutional Investors Weigh In On DT Midstream

Institutional investors and hedge funds have recently modified their holdings of the company. WFA of San Diego LLC acquired a new stake in DT Midstream in the 2nd quarter valued at about $33,000. Geneos Wealth Management Inc. raised its stake in DT Midstream by 39.3% in the first quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after buying an additional 123 shares during the period. Lazard Asset Management LLC lifted its position in shares of DT Midstream by 36.5% in the second quarter. Lazard Asset Management LLC now owns 621 shares of the company’s stock valued at $68,000 after buying an additional 166 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of DT Midstream by 20.7% during the 3rd quarter. Larson Financial Group LLC now owns 997 shares of the company’s stock worth $113,000 after acquiring an additional 171 shares during the period. Finally, Virtus Investment Advisers LLC bought a new position in shares of DT Midstream during the 4th quarter worth approximately $163,000. 81.53% of the stock is owned by institutional investors.

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.