DTM Stock Analysis: DT Midstream | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 12.954m USD | 12M Return: 4.6% | US23345M1071 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 125M
EPS Trend: 73.9%
Qual. Beats: 1
Rev. Trend: 98.2%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
DT Midstream, Inc. is a U.S.-based, large-cap natural gas midstream energy company that operates through two segments: Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and gathering lateral pipelines, transporting and storing natural gas for intermediate and end-user customers. The Gathering segment owns and operates gas gathering systems that collect natural gas for delivery to treating plants, further gathering pipelines, or transportation pipelines, and provides ancillary services such as compression, dehydration, gas treatment, water impoundment, water transportation, water disposal, and sand mining. The company serves natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. DT Midstream was incorporated in 2021 and is headquartered in Detroit, Michigan. As a pure-play natural gas midstream operator, the company sits in the GICS Oil & Gas Storage & Transportation sub-industry and was created through a spin-off from DTE Energy in July 2021, positioning it within the transportation-and-storage link of the natural gas value chain between upstream production and end-use delivery.
- Natural gas pipeline volumes rise on power demand growth
- Gathering segment throughput expands with shale production
- FERC regulation and rate cases pressure pipeline returns
| Net Income: 471.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.46 > 1.0 |
| NWC/Revenue: 4.95% < 20% (prev -2.30%; Δ 7.25% < -1%) |
| CFO/TA 0.09 > 3% & CFO 938.0m > Net Income 471.0m |
| Net Debt (3.18b) to EBITDA (1.11b): 2.86 < 3 |
| Current Ratio: 1.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (102.0m) vs 12m ago -0.47% < -2% |
| Gross Margin: 64.79% > 18% (prev 57.79%; Δ 7.00% > 0.5%) |
| Asset Turnover: 13.06% > 50% (prev 11.68%; Δ 1.38% > 0%) |
| Interest Coverage Ratio: 5.02 > 6 (EBIT TTM 819.0m / Interest Expense TTM 163.0m) |
| A: 0.01 (Total Current Assets 469.0m - Total Current Liabilities 403.0m) / Total Assets 10.3b |
| B: 0.09 (Retained Earnings 916.0m / Total Assets 10.3b) |
| C: 0.08 (EBIT TTM 819.0m / Avg Total Assets 10.2b) |
| D: 0.90 (Book Value of Equity 4.82b / Total Liabilities 5.38b) |
| Altman-Z'' = 1.81 = BBB |
| DSRI: 0.93 (Receivables 185.0m/175.0m, Revenue 1.33b/1.18b) |
| GMI: 0.89 (GM 57.79% / 64.79%) |
| AQI: 0.95 (AQ_t 0.37 / AQ_t-1 0.39) |
| SGI: 1.13 (Revenue 1.33b / 1.18b) |
| TATA: -0.05 (NI 471.0m - CFO 938.0m) / TA 10.3b) |
| Beneish M = -3.12 (Cap -4..+1) = AA |
As of November 07, 2026, the stock is trading at USD 113.66 with a total of 1,482,963 shares traded. Over the past week, the price has changed by -8.59%, over one month by -8.78%, over three months by -13.89% and over the past year by +4.55%.
Current recommended Stop Loss: 107.80 (which is 5.2% or 1.4 ATR below the current price).
DT Midstream has received a consensus analysts rating of 3.87. Therefore, it is recommended to buy DTM.
- StrongBuy: 6
- Buy: 3
- Hold: 5
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 149.7 | 31.7% |
P/E Trailing = 27.7856
P/E Forward = 22.0751
P/S = 9.8885
P/B = 2.6641
Revenue TTM = 1.33b USD
EBIT TTM = 819.0m USD
EBITDA TTM = 1.11b USD
Long Term Debt = 3.28b USD (from longTermDebt, last quarter)
Short Term Debt = 16.0m USD (from shortTermDebt, last fiscal year)
Debt = 3.41b USD (from shortLongTermDebtTotal, last fiscal year) + Leases 42.0m
Net Debt = 3.18b USD (calculated: Debt 3.41b - CCE 231.0m)
Enterprise Value = 16.1b USD (13.0b + Debt 3.41b - CCE 231.0m)
Interest Coverage Ratio = 5.02 (Ebit TTM 819.0m / Interest Expense TTM 163.0m)
EV/FCF = 30.28x (Enterprise Value 16.1b / FCF TTM 533.0m)
FCF Yield = 3.30% (FCF TTM 533.0m / Enterprise Value 16.1b)
FCF Margin = 40.02% (FCF TTM 533.0m / Revenue TTM 1.33b)
Net Margin = 35.36% (Net Income TTM 471.0m / Revenue TTM 1.33b)
Gross Margin = 64.79% ((Revenue TTM 1.33b - Cost of Revenue TTM 469.0m) / Revenue TTM)
Gross Margin QoQ = 78.87% (prev 73.76%)
Tobins Q-Ratio = 1.56 (Enterprise Value 16.1b / Total Assets 10.3b)
Interest Expense / Debt = 4.77% (Interest Expense 163.0m / Debt 3.41b)
Taxrate = 25.91% (170.0m / 656.0m)
NOPAT = 606.8m (EBIT 819.0m * (1 - 25.91%))
Current Ratio = 1.16 (Total Current Assets 469.0m / Total Current Liabilities 403.0m)
Debt / Equity = 0.71 (Debt 3.41b / totalStockholderEquity, last quarter 4.82b)
Debt / EBITDA = 2.86 (Net Debt 3.18b / EBITDA 1.11b)
Debt / FCF = 5.97 (Net Debt 3.18b / FCF TTM 533.0m)
Total Stockholder Equity = 4.77b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.62% (Net Income 471.0m / Total Assets 10.3b)
RoE = 9.87% (Net Income TTM 471.0m / Total Stockholder Equity 4.77b)
RoCE = 10.18% (EBIT 819.0m / Capital Employed (Equity 4.77b + L.T.Debt 3.28b))
RoIC = 6.14% (NOPAT 606.8m / Invested Capital 9.88b)
WACC = 6.48% (E(13.0b)/V(16.4b) * Re(7.26%) + D(3.41b)/V(16.4b) * Rd(4.77%) * (1-Tc(0.26)))
Discount Rate = 7.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 87.69 | Cagr: 2.20%
[DCF] Terminal Value 77.61% ; FCFF base≈509.0m ; Y1≈572.1m ; Y5≈800.2m
[DCF] Fair Price = 87.39 (EV 12.1b - Net Debt 3.18b = Equity 8.92b / Shares 102.0m; r=8.35% [WACC [floored]]; 5y FCF grow 12.68% → 2.50% )
EPS Correlation: 73.87 | EPS CAGR: 5.42% | SUE: 0.99 | # QB: 1
Revenue Correlation: 98.17 | Revenue CAGR: 16.31% | SUE: -0.84 | # QB: -1
EPS current Quarter (2027-03-31): EPS=1.29 | Chg30d=+6.24% | Revisions=-25% | Analysts=5
EPS current Year (2026-12-31): EPS=4.72 | Chg30d=+0.61% | Revisions=-17% | GrowthEPS=+9.8% | GrowthRev=+10.5%
EPS next Year (2027-12-31): EPS=5.01 | Chg30d=+2.34% | Revisions=-40% | GrowthEPS=+6.2% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: -44% (up=1, down=5)