(DTM) DT Midstream - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US23345M1071

Stock:

Total Rating 57
Risk 76
Buy Signal 0.27
Risk 5d forecast
Volatility 20.1%
Relative Tail Risk -3.54%
Reward TTM
Sharpe Ratio 1.48
Alpha 32.39
Character TTM
Beta 0.600
Beta Downside 1.010
Drawdowns 3y
Max DD 23.56%
CAGR/Max DD 1.97

EPS (Earnings per Share)

EPS (Earnings per Share) of DTM over the last years for every Quarter: "2020-12": null, "2021-03": 0.8438, "2021-06": 0.7, "2021-09": 0.77, "2021-12": 0.89, "2022-03": 0.84, "2022-06": 0.8, "2022-09": 0.9, "2022-12": 0.93, "2023-03": 0.84, "2023-06": 0.93, "2023-09": 0.94, "2023-12": 1.24, "2024-03": 0.99, "2024-06": 0.98, "2024-09": 0.9, "2024-12": 0.94, "2025-03": 1.06, "2025-06": 1.04, "2025-09": 1.13, "2025-12": 1.08,

Revenue

Revenue of DTM over the last years for every Quarter: 2020-12: 208, 2021-03: 197, 2021-06: 208, 2021-09: 212, 2021-12: 223, 2022-03: 215, 2022-06: 227, 2022-09: 235, 2022-12: 243, 2023-03: 220, 2023-06: 224, 2023-09: 234, 2023-12: 244, 2024-03: 240, 2024-06: 244, 2024-09: 248, 2024-12: 249, 2025-03: 303, 2025-06: 309, 2025-09: 314, 2025-12: null,

Description: DTM DT Midstream

DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates in two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines. This segment also engages in the transportation and storage of natural gas for intermediate and end-user customers. The Gathering segment owns and operates gas gathering systems. This segment is involved in the collection of natural gas for delivery to plants for treating, to gathering pipelines for further gathering, or to pipelines for transportation; and provision of associated ancillary services, including compression, dehydration, gas treatment, water impoundment, water transportation, water disposal, and sand mining. It serves natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. The company was incorporated in 2021 and is headquartered in Detroit, Michigan.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income: 403.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.88 > 1.0
NWC/Revenue: -2.30% < 20% (prev -1.33%; Δ -0.97% < -1%)
CFO/TA 0.09 > 3% & CFO 873.0m > Net Income 403.0m
Net Debt (3.28b) to EBITDA (977.0m): 3.35 < 3
Current Ratio: 0.92 > 1.5 & < 3
Outstanding Shares: last quarter (102.5m) vs 12m ago 4.59% < -2%
Gross Margin: 57.79% > 18% (prev 0.55%; Δ 5724 % > 0.5%)
Asset Turnover: 12.60% > 50% (prev 11.37%; Δ 1.24% > 0%)
Interest Coverage Ratio: 4.61 > 6 (EBITDA TTM 977.0m / Interest Expense TTM 156.0m)

Altman Z'' 0.92

A: -0.00 (Total Current Assets 322.0m - Total Current Liabilities 349.0m) / Total Assets 10.06b
B: 0.08 (Retained Earnings 801.0m / Total Assets 10.06b)
C: 0.08 (EBIT TTM 719.0m / Avg Total Assets 9.32b)
D: 0.15 (Book Value of Equity 795.0m / Total Liabilities 5.22b)
Altman-Z'' Score: 0.92 = BB

Beneish M -3.02

DSRI: 1.02 (Receivables 175.0m/143.0m, Revenue 1.18b/976.0m)
GMI: 0.95 (GM 57.79% / 54.61%)
AQI: 0.91 (AQ_t 0.39 / AQ_t-1 0.44)
SGI: 1.20 (Revenue 1.18b / 976.0m)
TATA: -0.05 (NI 403.0m - CFO 873.0m) / TA 10.06b)
Beneish M-Score: -3.02 (Cap -4..+1) = AA

What is the price of DTM shares?

As of February 25, 2026, the stock is trading at USD 137.17 with a total of 1,340,680 shares traded.
Over the past week, the price has changed by +3.41%, over one month by +12.73%, over three months by +18.89% and over the past year by +45.85%.

Is DTM a buy, sell or hold?

DT Midstream has received a consensus analysts rating of 3.67. Therefor, it is recommend to hold DTM.
  • StrongBuy: 6
  • Buy: 1
  • Hold: 6
  • Sell: 1
  • StrongSell: 1

What are the forecasts/targets for the DTM price?

Issuer Target Up/Down from current
Wallstreet Target Price 126.4 -7.8%
Analysts Target Price 126.4 -7.8%

DTM Fundamental Data Overview February 21, 2026

P/E Trailing = 33.5863
P/E Forward = 25.3165
P/S = 11.4506
P/B = 2.8805
Revenue TTM = 1.18b USD
EBIT TTM = 719.0m USD
EBITDA TTM = 977.0m USD
Long Term Debt = 3.32b USD (from longTermDebt, last quarter)
Short Term Debt = 17.0m USD (from shortTermDebt, last quarter)
Debt = 3.38b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.28b USD (from netDebt column, last quarter)
Enterprise Value = 16.73b USD (13.45b + Debt 3.38b - CCE 98.0m)
Interest Coverage Ratio = 4.61 (Ebit TTM 719.0m / Interest Expense TTM 156.0m)
EV/FCF = 26.14x (Enterprise Value 16.73b / FCF TTM 640.0m)
FCF Yield = 3.83% (FCF TTM 640.0m / Enterprise Value 16.73b)
FCF Margin = 54.47% (FCF TTM 640.0m / Revenue TTM 1.18b)
Net Margin = 34.30% (Net Income TTM 403.0m / Revenue TTM 1.18b)
Gross Margin = 57.79% ((Revenue TTM 1.18b - Cost of Revenue TTM 496.0m) / Revenue TTM)
Gross Margin QoQ = 73.25% (prev 53.72%)
Tobins Q-Ratio = 1.66 (Enterprise Value 16.73b / Total Assets 10.06b)
Interest Expense / Debt = 1.19% (Interest Expense 40.0m / Debt 3.38b)
Taxrate = 22.88% (35.0m / 153.0m)
NOPAT = 554.5m (EBIT 719.0m * (1 - 22.88%))
Current Ratio = 0.92 (Total Current Assets 322.0m / Total Current Liabilities 349.0m)
Debt / Equity = 0.72 (Debt 3.38b / totalStockholderEquity, last quarter 4.70b)
Debt / EBITDA = 3.35 (Net Debt 3.28b / EBITDA 977.0m)
Debt / FCF = 5.12 (Net Debt 3.28b / FCF TTM 640.0m)
Total Stockholder Equity = 4.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.32% (Net Income 403.0m / Total Assets 10.06b)
RoE = 8.65% (Net Income TTM 403.0m / Total Stockholder Equity 4.66b)
RoCE = 9.01% (EBIT 719.0m / Capital Employed (Equity 4.66b + L.T.Debt 3.32b))
RoIC = 6.90% (NOPAT 554.5m / Invested Capital 8.04b)
WACC = 6.68% (E(13.45b)/V(16.83b) * Re(8.13%) + D(3.38b)/V(16.83b) * Rd(1.19%) * (1-Tc(0.23)))
Discount Rate = 8.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.81%
[DCF Debug] Terminal Value 81.50% ; FCFF base≈538.0m ; Y1≈473.3m ; Y5≈388.0m
Fair Price DCF = 59.93 (EV 9.37b - Net Debt 3.28b = Equity 6.09b / Shares 101.7m; r=6.68% [WACC]; 5y FCF grow -14.73% → 2.90% )
EPS Correlation: 69.47 | EPS CAGR: 6.93% | SUE: -0.79 | # QB: 0
Revenue Correlation: 84.54 | Revenue CAGR: 9.56% | SUE: 1.15 | # QB: 3
EPS next Quarter (2026-03-31): EPS=1.12 | Chg30d=-0.012 | Revisions Net=-1 | Analysts=4
EPS current Year (2026-12-31): EPS=4.77 | Chg30d=-0.053 | Revisions Net=-3 | Growth EPS=+10.9% | Growth Revenue=+0.0%
EPS next Year (2027-12-31): EPS=5.26 | Chg30d=-0.038 | Revisions Net=-1 | Growth EPS=+10.2% | Growth Revenue=+7.9%

Additional Sources for DTM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle