(DTM) DT Midstream - Overview
Stock: Pipelines, Storage, Gathering, Compression, Treatment
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.08% |
| Yield on Cost 5y | 9.56% |
| Yield CAGR 5y | 28.58% |
| Payout Consistency | 100.0% |
| Payout Ratio | 101.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 19.8% |
| Relative Tail Risk | -2.95% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.04 |
| Alpha | 17.07 |
| Character TTM | |
|---|---|
| Beta | 0.631 |
| Beta Downside | 0.940 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.56% |
| CAGR/Max DD | 1.67 |
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 |
| 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?
Over the past week, the price has changed by +2.03%, over one month by +9.36%, over three months by +15.97% and over the past year by +30.95%.
Is DTM a buy, sell or hold?
- 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 | 126.1 | -1.9% |
| Analysts Target Price | 126.1 | -1.9% |
| ValueRay Target Price | 175.3 | 36.4% |
DTM Fundamental Data Overview February 07, 2026
P/E Forward = 24.0385
P/S = 11.0085
P/B = 2.7326
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 = 16.21b USD (12.93b + Debt 3.38b - CCE 98.0m)
Interest Coverage Ratio = 4.61 (Ebit TTM 719.0m / Interest Expense TTM 156.0m)
EV/FCF = 25.33x (Enterprise Value 16.21b / FCF TTM 640.0m)
FCF Yield = 3.95% (FCF TTM 640.0m / Enterprise Value 16.21b)
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 = 1.61 (Enterprise Value 16.21b / 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 = 6.72% (E(12.93b)/V(16.31b) * Re(8.24%) + D(3.38b)/V(16.31b) * Rd(1.19%) * (1-Tc(0.23)))
Discount Rate = 8.24% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.81%
[DCF Debug] Terminal Value 81.32% ; FCFF base≈538.0m ; Y1≈473.3m ; Y5≈388.0m
Fair Price DCF = 58.96 (EV 9.27b - Net Debt 3.28b = Equity 5.99b / Shares 101.7m; r=6.72% [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=1.12 | Chg30d=-0.012 | Revisions Net=-1 | Analysts=4
EPS next Year (2026-12-31): EPS=4.80 | Chg30d=-0.027 | Revisions Net=-3 | Growth EPS=+9.8% | Growth Revenue=+8.8%