DTM Stock Analysis: DT Midstream | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 14.995m USD | 12M Return: 40.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 101M
EPS Trend: 74.5%
Qual. Beats: 1
Rev. Trend: 94.7%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 5 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. (NYSE: DTM) is a U.S.-based natural gas midstream company that provides integrated services through two operating segments: Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and gathering laterals, 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 offers 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, industrial customers, and national marketers. It was incorporated in 2021 and is headquartered in Detroit, Michigan, and operates in the Oil & Gas Storage & Transportation sub-industry (GICS Energy sector). DT Midstream was spun off from DTE Energy in mid-2021 as a standalone, publicly traded midstream entity, a common structure that allows utility parents to separate regulated operations from fee-based energy infrastructure businesses.
- LNG export demand drives interstate pipeline volume growth
- Marcellus and Utica production growth boosts gathering segment throughput
- FERC rate regulation impacts pipeline segment allowed returns
| 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 July 04, 2026, the stock is trading at USD 144.59 with a total of 505,500 shares traded. Over the past week, the price has changed by -3.45%, over one month by +2.94%, over three months by +9.10% and over the past year by +40.23%.
Current recommended Stop Loss: 136.60 (which is 5.5% or 2.4 ATR below the current price).
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 | 6.6% |
P/E Trailing = 32.592
P/E Forward = 26.0417
P/S = 11.9171
P/B = 3.157
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 = 18.3b USD (15.0b + Debt 3.42b - CCE 150.0m)
Interest Coverage Ratio = 4.86 (Ebit TTM 783.0m / Interest Expense TTM 161.0m)
EV/FCF = 35.67x (Enterprise Value 18.3b / FCF TTM 512.0m)
FCF Yield = 2.80% (FCF TTM 512.0m / Enterprise Value 18.3b)
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 = 1.80 (Enterprise Value 18.3b / 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 = 6.88% (E(15.0b)/V(18.4b) * Re(7.62%) + D(3.42b)/V(18.4b) * Rd(4.71%) * (1-Tc(0.23)))
Discount Rate = 7.62% (= 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 (2026-09-30): 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%