DT Midstream (NYSE:DTM) Releases Earnings Results

Posted by on Oct 30th, 2026

DT Midstream (NYSE:DTM – Get Free Report) issued its earnings results on Thursday. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.03, Zacks reports. DT Midstream had a return on equity of 9.58% and a net margin of 35.72%. The firm had revenue of $336.00 million for the quarter, compared to analyst estimates of $337.63 million. During the same period last year, the company earned $1.13 earnings per share.

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

  • DT Midstream raised its 2026 outlook, narrowing adjusted EBITDA guidance to $1.185 billion-$1.225 billion and increasing distributable cash flow guidance to $860 million-$890 million.
  • The company reached final investment decision on approximately $400 million of new pipeline projects, including the MIST Southbound expansion and a power-plant lateral, increasing total committed capital to about $2.4 billion.
  • Management cited durable long-term demand from LNG exports, power generation, data centers and coal-to-gas switching, while its 2027 adjusted EBITDA outlook was reaffirmed and the quarterly dividend remained $0.88 per share.
  • Fourth-quarter results are expected to decline sequentially because of offline capacity and higher Stonewall expenses, as well as lower Northeast gathering volumes from producer curtailments and downstream outages.
  • Capital efficiency reduced the 2026 growth-capital range by more than 10% at the midpoint, supporting expected year-end leverage of approximately 2.8 times on balance sheet and 3.4 times on a proportionate basis.

DT Midstream Price Performance

DTM traded down $2.45 on Friday, reaching $124.53. The stock had a trading volume of 384,952 shares, compared to its average volume of 839,204. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average of $125.78 and a 200-day moving average of $134.58. DT Midstream has a fifty-two week low of $108.13 and a fifty-two week high of $152.88.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, December 15th. DT Midstream’s dividend payout ratio is currently 77.02%.

Key Stories Impacting DT Midstream

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

  • Positive Sentiment: DT Midstream reported third-quarter EPS of $1.16, exceeding the $1.13 consensus estimate, while adjusted EBITDA reached $301 million. The company also raised its 2026 adjusted EBITDA outlook to $1.185 billion-$1.225 billion and sanctioned approximately $400 million of new projects, signaling confidence in growth and future cash flow. DT Midstream Reports Strong Third Quarter 2026 Results; Raises Adjusted EBITDA Guidance
  • Positive Sentiment: Wells Fargo raised its price target for DTM from $165 to $167 and maintained an “overweight” rating. The new target implies roughly 34% upside from the referenced share price, providing favorable analyst support. Wells Fargo Raises DT Midstream Price Target
  • Positive Sentiment: The company declared a quarterly dividend of $0.88 per share, or $3.52 annualized, representing an approximately 2.8% yield. The dividend reinforces DTM’s income appeal for investors. DT Midstream Declares Dividend
  • Neutral Sentiment: Quarterly revenue was $336 million, slightly below the $337.6 million consensus estimate. The company also narrowed its 2026 operating EPS outlook, adding some uncertainty despite the stronger EBITDA guidance. DT Midstream Reports Q3 Operating Earnings
  • Negative Sentiment: US Capital Advisors lowered its FY2028 EPS estimate to $5.55 from $5.62. Although only a modest reduction, the revision may weigh on sentiment while DTM trades below its 200-day moving average. US Capital Advisors Cuts DT Midstream EPS Estimate

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group reissued a “sell” rating and issued a $121.00 target price on shares of DT Midstream in a research report on Wednesday, October 14th. JPMorgan Chase & Co. raised their price target on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Scotiabank set a $165.00 price objective on DT Midstream in a research note on Thursday, October 15th. Mizuho decreased their target price on DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Finally, Wells Fargo & Company boosted their target price on DT Midstream from $165.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.50.

Check Out Our Latest Stock Analysis on DT Midstream

DT Midstream Company Profile

(Get Free Report)

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.

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Earnings History for DT Midstream (NYSE:DTM)

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