DT Midstream, Inc. (DTM) is a leading North American energy company focused on providing safe, sustainable, and efficient natural gas delivery and storage solutions. The company, previously a wholly-owned subsidiary of DTE Energy, became a standalone publicly-traded company in July 2021 after DTE Energy's board decided to spin-off its non-utility natural gas pipeline, storage, and gathering business.
DTM operates with a commitment to environmental stewardiness and a dedication to serving their customers and communities with accountability and integrity. As an independent company, its financial strength is evident, underpinned by long-term, fee-based contracts that provide stability and growth prospects.
DT Midstream deploys its extensive expertise in the midstream sector to provide a range of services across the natural gas value chain. The comprehensive platform of the company includes natural gas transportation, storage, and gathering, enriched by a vast network of pipelines that ensures seamless and reliable supply to customers.
Its extensive pipeline system extends over multiple states, connecting producing regions and major market hubs across the United States. The company's capabilities extend to significant natural gas storage capacity, which further adds reliability and flexibility to its service offerings.
In terms of sustainability, DTM is proactive in their efforts to transition to a lower-carbon future. The company has made considerable investments in clean energy projects and is exploring further innovations in renewable natural gas and hydrogen.
DTM further distinguished itself through its commitment to cultivate thriving communities. It values ongoing communication with stakeholders, maintains a robust community investment program, and strives to partner with local businesses to stimulate economic development.
As an employer, DTM provides a supportive and inclusive workplace environment, encouraging diversity and offering opportunities for professional development and growth. Employee safety and welfare are top priorities, with robust policies and procedures in place.
Overall, DT Midstream is a premier energy infrastructure provider, recognized for its operational efficiency, commitment to sustainability, and dedication to community engagement. As an independent entity, it seeks to further leverage its vast infrastructure and operational excellence to drive growth, develop innovative solutions, and continue to deliver reliable and sustainable energy services.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
DT Midstream Inc (NYSE: DTM) announced a $0.88 per share cash dividend payable on October 15, 2026, with an ex-dividend date of September 21, 2026. The company shows a consistent dividend payment record since 2021, a 12-month trailing dividend yield of 2.70%, and a 3-year annual dividend growth rate of 8.60%. While its profitability and growth metrics are strong, the 0.74 payout ratio suggests a need for careful consideration by investors regarding the dividend's long-term sustainability if earnings were to decline.
Baird Financial Group Inc. reduced its stake in DT Midstream, Inc. (NYSE:DTM) by 23.8% in the second quarter, selling 10,407 shares but retaining 33,300 shares valued at $4.9 million. Despite missing consensus EPS estimates for the quarter, DT Midstream's revenue exceeded expectations, and the company maintained its fiscal 2026 EPS guidance. The stock holds a "Moderate Buy" consensus rating from analysts with an average price target of $152.86.
Scotiabank has lowered its FY2026 EPS estimate for DT Midstream (NYSE: DTM) to $4.76 from $4.84, while maintaining a "Sector Outperform" rating and a $168 price target. The company recently reported quarterly EPS of $1.09, missing consensus estimates, but revenue of $332.57 million exceeded expectations. DT Midstream's stock opened at $129.05 and the company declared a quarterly dividend of $0.88 per share, representing a 2.7% annualized yield.
Squarepoint Ops LLC significantly increased its stake in DT Midstream, Inc. (NYSE: DTM) by 117.5% in the second quarter, bringing its total holdings to 40,041 shares valued at approximately $5.9 million. The article details other institutional investments, DT Midstream's recent financial performance including a missed earnings estimate but revenue beat, its dividend announcement, and analyst ratings which maintain a "Moderate Buy" consensus.
The California State Teachers Retirement System significantly increased its stake in DT Midstream (NYSE:DTM) by 13,950.9% in Q2 2026, now holding 16.94 million shares valued at $2.49 billion, representing 16.6% of the company. Despite missing EPS estimates, DT Midstream exceeded revenue expectations and maintained its fiscal 2026 EPS guidance, along with declaring a quarterly dividend. Analysts hold a "Moderate Buy" consensus rating with an average price target of $152.86.
TD Waterhouse Canada Inc. reduced its stake in DT Midstream, Inc. by 52.6% in the second quarter, now holding 9,477 shares valued at $1.36 million. Despite missing EPS estimates, DT Midstream reported revenue above expectations and declared a quarterly dividend of $0.88 per share. Analysts generally maintain a "Moderate Buy" rating for the company with an average price target of $153.43.
Wellington Management Group LLP significantly increased its stake in DT Midstream, Inc. (NYSE:DTM) by 115.6% in the second quarter, acquiring an additional 37,868 shares, bringing its total to 70,627 shares valued at approximately $10.4 million. Despite missing quarterly EPS estimates, analysts maintain a "Moderate Buy" rating with an average target price of $153.43. DT Midstream also declared a quarterly dividend of $0.88 per share, offering a 2.7% annual yield.
NEOS Investment Management LLC significantly increased its stake in DT Midstream, Inc. (NYSE:DTM) by 50.6% during the second quarter, acquiring an additional 70,650 shares. This brings their total holdings to 210,368 shares valued at approximately $30.9 million. DT Midstream recently reported mixed quarterly results, missing EPS estimates but exceeding revenue expectations, and declared a quarterly dividend of $0.88 per share.
The Public Employees Retirement System of Ohio has acquired a new stake in DT Midstream, Inc. (NYSE:DTM), purchasing 37,758 shares valued at approximately $5.54 million during the second quarter. Institutional investors now collectively own 81.53% of the company's stock, reflecting strong institutional interest. Despite missing recent earnings estimates, analysts maintain a "Moderate Buy" consensus with an average price target of $153.43, and the company has declared a quarterly dividend of $0.88 per share.