DT Midstream (NYSE:DTM) Issues Earnings Results

DT Midstream (NYSE:DTM) released its quarterly earnings results on Thursday. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.15, Zacks reports. DT Midstream had a return on equity of 9.13% and a net margin of 35.48%.During the same quarter in the prior year, the business earned $1.06 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:

• DTM approved investment in two pipeline projects: a Vector Pipeline mainline expansion (~400 MMcf/d) under 20‑year utility contracts expected in service Q4 2028, and Millennium R2R (70 MMcf/d) expected in service Q1 2027.
• Non‑binding open seasons were oversubscribed — Midwestern Gas Transmission for up to 1.5 Bcf/d (north/south) and Vector’s 2030 westbound expansion (300–500 MMcf/d) — signaling strong customer demand as DTM advances commercialization.
• Q1 Adjusted EBITDA was $308 million (up $15M QoQ); management reaffirmed 2026 guidance, raised committed growth capital to ~ $400M (2026) and ~$440M (2027), and kept the quarterly dividend at $0.88 per share.
• Management warned Q2 will be lower than Q1 because the quarter benefited from an unusually cold winter and included seasonality, a Guardian rate step‑down, and planned maintenance, so Q1 performance is not expected to repeat.
• Haynesville and LEAP are running at/near capacity (LEAP at 2.1 Bcf/d with expandability toward 4 Bcf/d), positioning DTM to capture rising U.S. LNG export and incremental power‑generation demand in the Midwest/Northeast.

DT Midstream Trading Up 6.6%

Shares of DTM traded up $9.17 during trading hours on Thursday, hitting $147.96. The company had a trading volume of 2,048,217 shares, compared to its average volume of 745,609. The firm has a market cap of $15.09 billion, a P/E ratio of 34.33, a P/E/G ratio of 2.88 and a beta of 0.75. The stock’s 50 day moving average price is $136.36 and its 200 day moving average price is $124.86. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. DT Midstream has a 52-week low of $96.42 and a 52-week high of $149.52.

DT Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $0.88 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. DT Midstream’s payout ratio is currently 81.67%.

DT Midstream News Roundup

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

• Positive Sentiment: Quarterly earnings beat — DTM reported net income of $130M, or $1.27 EPS, topping the $1.12 consensus. Adjusted EBITDA was $308M and margins/ROE remain healthy, which supports near-term earnings credibility. DT Midstream Reports Strong First Quarter 2026 Results
• Positive Sentiment: Dividend boost — the board declared a quarterly dividend of $0.88/share (record June 15; payable July 15), implying a ~2.4% yield. This supports the stock’s income appeal for yield-focused investors and signals management confidence in cash flow.
• Neutral Sentiment: Guidance provided — DTM set FY2026 EPS guidance of $4.420–$4.820. The range gives investors a framework for the year but is wide enough to leave some uncertainty about quarterly cadence. MarketBeat DTM Summary
• Neutral Sentiment: Supporting disclosures — the company posted a press release, slide deck and conference call recording/transcript; review the slides and call for details on drivers (volumes, contracts, capital allocation) that will determine whether beat is sustainable. Q1 Slide Deck / Press Materials
• Negative Sentiment: Guidance midpoint slightly below street — the midpoint (~$4.62) is modestly under the $4.68 consensus, which could cap near-term upside if investors focus on FY outlook rather than the quarter beat. Keep an eye on management commentary about 2H volumes and contractual pricing. DT Midstream: Q1 Earnings Snapshot

Insider Activity at DT Midstream

In related news, CFO Jeffrey A. Jewell acquired 185 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $136.33 per share, for a total transaction of $25,221.05. Following the completion of the acquisition, the chief financial officer owned 89,583 shares in the company, valued at approximately $12,212,850.39. This represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DTM. Royal Bank of Canada increased its holdings in DT Midstream by 21.6% during the 1st quarter. Royal Bank of Canada now owns 90,286 shares of the company’s stock valued at $8,711,000 after purchasing an additional 16,043 shares during the period. NewEdge Advisors LLC increased its holdings in DT Midstream by 1.6% during the 1st quarter. NewEdge Advisors LLC now owns 13,631 shares of the company’s stock valued at $1,315,000 after purchasing an additional 218 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in DT Midstream by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 276,241 shares of the company’s stock valued at $26,652,000 after purchasing an additional 31,894 shares during the period. Geneos Wealth Management Inc. increased its holdings in DT Midstream by 39.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 436 shares of the company’s stock valued at $42,000 after purchasing an additional 123 shares during the period. Finally, Cresset Asset Management LLC increased its holdings in DT Midstream by 2.6% during the 2nd quarter. Cresset Asset Management LLC now owns 6,300 shares of the company’s stock valued at $698,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DTM shares. Barclays raised their price target on DT Midstream from $119.00 to $141.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Citigroup raised their price target on DT Midstream from $130.00 to $156.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. raised their price target on DT Midstream from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Jefferies Financial Group set a $148.00 price target on DT Midstream and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DT Midstream in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $146.00.

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.