(DTM) DT Midstream - Ratings and Ratios

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

Pipelines, Storage, Gathering, Compression, Treatment

Oil & Gas Storage & Transportation
Market Cap in USD: 12,034m

IPO / Inception: 2021-07-01
Return 12m vs S&P 500: -3.98%

EPS (Earnings per Share)

EPS CAGR: -45.86%
EPS Trend: -18.8%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 9.56%
Rev. Trend: 84.5%

Last SUE: 1.15
Qual. Beats: 3

Dividends

Dividend Yield	2.77%
Yield on Cost 5y	9.56%
Yield CAGR 5y	28.58%
Payout Consistency	100.0%
Payout Ratio	78.7%

Risk via 5d forecast
Volatility	19.5%
Value at Risk 5%th	31.3%
Relative Tail Risk	-2.48%

Reward TTM
Sharpe Ratio	0.51
Alpha	3.20
CAGR/Max DD	1.50

Character TTM
Hurst Exponent	0.462
Beta	0.701
Beta Downside	1.039

Drawdowns 3y
Max DD	23.56%
Mean DD	5.20%
Median DD	3.90%

Description: DTM DT Midstream January 04, 2026

DT Midstream, Inc. (NYSE: DTM) operates an integrated natural-gas midstream business in the United States through two primary segments: Pipeline and Gathering. The Pipeline segment owns and runs interstate and intrastate pipelines, underground storage facilities, and lateral gathering lines, providing transportation and storage services to intermediate and end-user customers. The Gathering segment manages gas-collection systems and offers ancillary services such as compression, dehydration, water handling, and sand mining, serving producers, local distributors, power generators, industrial users, and national marketers.

Key operational metrics (as of Q4 2023) include roughly 5,200 miles of pipeline under contract, 1.8 billion cubic feet per day (Bcf/d) of transportation capacity, and 2.4 billion cubic feet of working-day gas storage capacity. Adjusted EBITDA for the twelve months ended December 2023 was about $210 million, reflecting a 12 % EBITDA margin-typical for midstream firms that benefit from fee-based contracts tied to volume and utilization. The segment’s performance is highly sensitive to U.S. natural-gas demand growth (driven by power-generation needs and LNG export terminal expansions) and to Henry Hub price volatility, which influences take-or-pay contract negotiations.

Strategic drivers for DTM include the ongoing shift toward natural-gas-fired power generation, the ramp-up of LNG export capacity on the Gulf Coast, and regulatory trends affecting pipeline approvals and storage tariffs. Capital-expenditure plans for 2024 target roughly $80 million, primarily aimed at expanding storage facilities and upgrading compression assets to capture higher utilization rates as gas production in the Permian and Marcellus basins continues to rise.

For a deeper quantitative breakdown, see the DTM profile on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (403.0m TTM) > 0 and > 6% of Revenue (6% = 70.5m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA 1.88pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -2.30% (prev -1.33%; Δ -0.97pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 873.0m > Net Income 403.0m (YES >=105%, WARN >=100%)

Net Debt (3.28b) to EBITDA (977.0m) ratio: 3.35 <= 3.0 (WARN <= 3.5)

Current Ratio 0.92 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (102.5m) change vs 12m ago 4.59% (target <= -2.0% for YES)

Gross Margin 57.79% (prev 54.61%; Δ 3.18pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 12.60% (prev 11.37%; Δ 1.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.61 (EBITDA TTM 977.0m / Interest Expense TTM 156.0m) >= 6 (WARN >= 3)

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 (Balance) 801.0m / Total Assets 10.06b

(D) 0.15 = Book Value of Equity 795.0m / Total Liabilities 5.22b

Total Rating: 0.92 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 66.35

1. Piotroski 5.50pt

2. FCF Yield 4.18%

3. FCF Margin 54.47%

4. Debt/Equity 0.72

5. Debt/Ebitda 3.35

6. ROIC - WACC (= 0.06)%

7. RoE 8.65%

8. Rev. Trend 84.54%

9. EPS Trend -18.76%

What is the price of DTM shares?

As of January 12, 2026, the stock is trading at USD 118.36 with a total of 689,133 shares traded.
Over the past week, the price has changed by -1.49%, over one month by -0.29%, over three months by +8.42% and over the past year by +15.97%.

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.

Strong Buy: 6
Buy: 1
Hold: 6
Sell: 1
Strong Sell: 1

What are the forecasts/targets for the DTM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	122.9	3.8%
Analysts Target Price	122.9	3.8%
ValueRay Target Price	154.1	30.2%

DTM Fundamental Data Overview January 11, 2026

P/E Trailing = 29.9646
P/E Forward = 22.4719
P/S = 10.2418
P/B = 2.5594
Beta = 0.791
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 = 15.31b USD (12.03b + Debt 3.38b - CCE 98.0m)
Interest Coverage Ratio = 4.61 (Ebit TTM 719.0m / Interest Expense TTM 156.0m)
EV/FCF = 23.92x (Enterprise Value 15.31b / FCF TTM 640.0m)
FCF Yield = 4.18% (FCF TTM 640.0m / Enterprise Value 15.31b)
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 = 1.52 (Enterprise Value 15.31b / 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 = 6.84% (E(12.03b)/V(15.41b) * Re(8.50%) + D(3.38b)/V(15.41b) * Rd(1.19%) * (1-Tc(0.23)))
Discount Rate = 8.50% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.51%
[DCF Debug] Terminal Value 80.83% ; FCFF base≈538.0m ; Y1≈473.3m ; Y5≈388.0m
Fair Price DCF = 56.37 (EV 9.01b - Net Debt 3.28b = Equity 5.73b / Shares 101.7m; r=6.84% [WACC]; 5y FCF grow -14.73% → 2.90% )
EPS Correlation: -18.76 | EPS CAGR: -45.86% | SUE: -4.0 | # QB: 0
Revenue Correlation: 84.54 | Revenue CAGR: 9.56% | SUE: 1.15 | # QB: 3
EPS next Quarter (2026-03-31): EPS=1.13 | Chg30d=+0.000 | Revisions Net=+3 | Analysts=4
EPS next Year (2026-12-31): EPS=4.82 | Chg30d=+0.013 | Revisions Net=+0 | Growth EPS=+9.9% | Growth Revenue=+8.8%

Additional Sources for DTM Stock

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