(DTM) DT Midstream - NYSE
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 14.352m USD | Total Return: 38.5% in 12m
Avg Turnover: 93.3M
EPS Trend: 74.5%
Qual. Beats: 1
Rev. Trend: 94.7%
Qual. Beats: 1
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
DT Midstream, Inc. (DTM) is an energy infrastructure provider specializing in integrated natural gas services across the United States. The company operates through two primary segments: Pipeline and Gathering. The Pipeline segment manages interstate and intrastate transportation and storage systems, while the Gathering segment focuses on the collection, compression, and treatment of natural gas from the wellhead to major transmission lines.
The midstream sector typically functions under a fee-based business model, which aims to provide steady cash flows by reducing direct exposure to commodity price volatility. As a provider of essential ancillary services like dehydration and water management, DT Midstream supports the operational needs of producers, electric power generators, and industrial end-users. For a deeper look into the companys valuation metrics and financial health, you may want to explore the data on ValueRay.
Headquartered in Detroit, Michigan, DT Midstream was incorporated in 2021 following its spin-off from DTE Energy. The company strategically positions its assets near high-demand regions and major shale basins to facilitate the domestic distribution and storage of natural gas.
- Natural gas production volumes in Haynesville and Marcellus basins drive gathering revenue
- Expansion of LEAP pipeline capacity increases long-term fee-based transport income
- Natural gas price volatility impacts producer drilling activity and throughput volumes
- Federal and state regulatory shifts affect pipeline permitting and infrastructure timelines
- Shift toward LNG export demand along Gulf Coast boosts pipeline utilization rates
| Net Income: 463.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.55 > 1.0 |
| NWC/Revenue: 6.50% < 20% (prev -6.61%; Δ 13.11% < -1%) |
| CFO/TA 0.09 > 3% & CFO 945.0m > Net Income 463.0m |
| Net Debt (3.27b) to EBITDA (1.06b): 3.08 < 3 |
| Current Ratio: 1.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (102.7m) vs 12m ago 0.20% < -2% |
| Gross Margin: 58.07% > 18% (prev 53.07%; Δ 5.01% > 0.5%) |
| Asset Turnover: 12.70% > 50% (prev 10.51%; Δ 2.19% > 0%) |
| Interest Coverage Ratio: 4.86 > 6 (EBIT TTM 783.0m / Interest Expense TTM 161.0m) |
| A: 0.01 (Total Current Assets 404.0m - Total Current Liabilities 321.0m) / Total Assets 10.2b |
| B: 0.09 (Retained Earnings 867.0m / Total Assets 10.2b) |
| C: 0.08 (EBIT TTM 783.0m / Avg Total Assets 10.0b) |
| D: 0.90 (Book Value of Equity 4.75b / Total Liabilities 5.26b) |
| Altman-Z'' = 1.80 = BBB |
| DSRI: 0.93 (Receivables 190.0m/168.0m, Revenue 1.28b/1.04b) |
| GMI: 0.91 (GM 53.07% / 58.07%) |
| AQI: 0.95 (AQ_t 0.39 / AQ_t-1 0.41) |
| SGI: 1.22 (Revenue 1.28b / 1.04b) |
| TATA: -0.05 (NI 463.0m - CFO 945.0m) / TA 10.2b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at USD 143.30 with a total of 1,704,800 shares traded.
Over the past week, the price has changed by +2.75%,
over one month by -3.99%,
over three months by +4.31% and
over the past year by +38.51%.
DT Midstream has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold DTM.
- StrongBuy: 6
- Buy: 1
- Hold: 6
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 154.2 | 7.6% |
P/E Trailing = 31.1261
P/E Forward = 26.0417
P/S = 11.2479
P/B = 3.0196
Revenue TTM = 1.28b USD
EBIT TTM = 783.0m USD
EBITDA TTM = 1.06b USD
Long Term Debt = 3.33b USD (from longTermDebt, last quarter)
Short Term Debt = 17.0m USD (from shortTermDebt, last quarter)
Debt = 3.42b USD (from shortLongTermDebtTotal, last quarter) + Leases 46.0m
Net Debt = 3.27b USD (calculated: Debt 3.42b - CCE 150.0m)
Enterprise Value = 17.6b USD (14.4b + Debt 3.42b - CCE 150.0m)
Interest Coverage Ratio = 4.86 (Ebit TTM 783.0m / Interest Expense TTM 161.0m)
EV/FCF = 34.41x (Enterprise Value 17.6b / FCF TTM 512.0m)
FCF Yield = 2.91% (FCF TTM 512.0m / Enterprise Value 17.6b)
FCF Margin = 40.13% (FCF TTM 512.0m / Revenue TTM 1.28b)
Net Margin = 36.29% (Net Income TTM 463.0m / Revenue TTM 1.28b)
Gross Margin = 58.07% ((Revenue TTM 1.28b - Cost of Revenue TTM 535.0m) / Revenue TTM)
Gross Margin QoQ = 54.17% (prev 51.42%)
Tobins Q-Ratio = 1.74 (Enterprise Value 17.6b / Total Assets 10.2b)
Interest Expense / Debt = 4.71% (Interest Expense 161.0m / Debt 3.42b)
Taxrate = 23.31% (145.0m / 622.0m)
NOPAT = 600.5m (EBIT 783.0m * (1 - 23.31%))
Current Ratio = 1.26 (Total Current Assets 404.0m / Total Current Liabilities 321.0m)
Debt / Equity = 0.72 (Debt 3.42b / totalStockholderEquity, last quarter 4.75b)
Debt / EBITDA = 3.08 (Net Debt 3.27b / EBITDA 1.06b)
Debt / FCF = 6.38 (Net Debt 3.27b / FCF TTM 512.0m)
Total Stockholder Equity = 4.72b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.61% (Net Income 463.0m / Total Assets 10.2b)
RoE = 9.82% (Net Income TTM 463.0m / Total Stockholder Equity 4.72b)
RoCE = 9.74% (EBIT 783.0m / Capital Employed (Equity 4.72b + L.T.Debt 3.33b))
RoIC = 6.14% (NOPAT 600.5m / Invested Capital 9.79b)
WACC = 6.91% (E(14.4b)/V(17.8b) * Re(7.69%) + D(3.42b)/V(17.8b) * Rd(4.71%) * (1-Tc(0.23)))
Discount Rate = 7.69% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.01 | Cagr: 2.58%
[DCF] Terminal Value 77.94% ; FCFF base≈485.6m ; Y1≈555.7m ; Y5≈814.3m
[DCF] Fair Price = 88.14 (EV 12.3b - Net Debt 3.27b = Equity 8.99b / Shares 102.0m; r=8.35% [WACC [floored]]; 5y FCF grow 14.80% → 2.50% )
EPS Correlation: 74.49 | EPS CAGR: 5.65% | SUE: 2.23 | # QB: 1
Revenue Correlation: 94.73 | Revenue CAGR: 13.47% | SUE: 2.54 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.13 | Chg30d=-0.36% | Revisions=+0% | Analysts=6
EPS next Quarter (2026-09-30): EPS=1.13 | Chg30d=-2.01% | Revisions=+0% | Analysts=6
EPS current Year (2026-12-31): EPS=4.79 | Chg30d=+1.98% | Revisions=+40% | GrowthEPS=+11.4% | GrowthRev=+8.2%
EPS next Year (2027-12-31): EPS=4.99 | Chg30d=-0.24% | Revisions=-20% | GrowthEPS=+4.2% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +40%