DT Midstream, Inc.
DTM- Exchange
- NYSE
- Industry
- Natural Gas Transmission
- SEC CIK
- 0001842022
No open-market purchases or sales by DT Midstream, Inc. insiders were filed in the last 90 days; 716 institutions reported holding it in 13F filings for Q2 2026, worth $13.1B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 30, 2026, 1:20 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 19, 2026 | Feb 26, 2025 | Feb 16, 2024 | Feb 16, 2023 | Feb 25, 2022 |
| Revenue | $1.24B | $981.0M | $922.0M | $920.0M | $840.0M |
| Operating income | $614.0M | $489.0M | $471.0M | $478.0M | $402.0M |
| Interest expense | $169.0M | $163.0M | $150.0M | $137.0M | $112.0M |
| Income tax | $144.0M | $137.0M | $104.0M | $100.0M | $104.0M |
| Net income | $441.0M | $354.0M | $384.0M | $370.0M | $307.0M |
| EPS, basic | $4.34 | $3.63 | $3.97 | $3.83 | $3.17 |
| EPS, diluted | $4.30 | $3.60 | $3.94 | $3.81 | $3.16 |
| Weighted shares, basic | 101.6M | 97.6M | 96.9M | 96.7M | 96.7M |
| Weighted shares, diluted | 102.5M | 98.4M | 97.5M | 97.2M | 96.9M |
| Margins and growth | |||||
| Operating margin | 49.4% | 49.8% | 51.1% | 52.0% | 47.9% |
| Net margin | 35.5% | 36.1% | 41.6% | 40.2% | 36.5% |
| Revenue growth, year over year | +26.7% | +6.4% | +0.2% | +9.5% | – |
| Net income growth, year over year | +24.6% | −7.8% | +3.8% | +20.5% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 19, 2026 | Feb 26, 2025 | Feb 16, 2024 | Feb 16, 2023 | Feb 25, 2022 |
| Cash and equivalents | $54.0M | $68.0M | $56.0M | $61.0M | $132.0M |
| Accounts receivable | $186.0M | $172.0M | $154.0M | $161.0M | $169.0M |
| Total current assets | $318.0M | $310.0M | $272.0M | $262.0M | $360.0M |
| Property, plant and equipment | $5.77B | $5.53B | $4.43B | $3.81B | $3.49B |
| Goodwill | $781.0M | $776.0M | $473.0M | $473.0M | $473.0M |
| Intangible assets | $1.86B | $1.92B | $1.97B | $2.02B | $2.08B |
| Total assets | $10.1B | $9.94B | $8.98B | $8.83B | $8.17B |
| Accounts payable | $65.0M | $77.0M | $94.0M | $119.0M | $22.0M |
| Short-term debt | $0 | $150.0M | $165.0M | $330.0M | $10.0M |
| Total current liabilities | $296.0M | $426.0M | $434.0M | $614.0M | $177.0M |
| Long-term debt | $3.32B | $3.32B | $3.06B | $3.06B | $3.04B |
| Total liabilities | $5.20B | $5.17B | $4.70B | $4.68B | $4.14B |
| Shareholders' equity | $4.88B | $4.77B | $4.28B | $4.15B | $4.02B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 19, 2026 | Feb 26, 2025 | Feb 16, 2024 | Feb 16, 2023 | Feb 25, 2022 |
| Operating cash flow | $867.0M | $763.0M | $798.0M | $725.0M | $572.0M |
| Capital expenditures | $426.0M | $350.0M | $772.0M | $338.0M | $140.0M |
| Free cash flow | $441.0M | $413.0M | $26.0M | $387.0M | $432.0M |
| Depreciation and amortization | $258.0M | $209.0M | $182.0M | $170.0M | $166.0M |
| Stock-based compensation | $26.0M | $23.0M | $20.0M | $17.0M | $12.0M |
| Dividends paid | $324.0M | $280.0M | $263.0M | $244.0M | $58.0M |
| Share buybacks | – | – | $0 | $3.00M | – |
| Investing cash flow | -$372.0M | -$1.08B | -$351.0M | -$854.0M | $123.0M |
| Financing cash flow | -$509.0M | $330.0M | -$452.0M | $58.0M | -$605.0M |
| Net change in cash | -$14.0M | $12.0M | -$5.00M | -$71.0M | $90.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.1% | 2.3% | 2.2% | 1.8% | 1.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Sep 30, 2026 | 102.0M | +0.3% | SEC |
| Jun 30, 2026 | 102.0M | +0.4% | SEC |
| Mar 31, 2026 | 102.0M | +0.4% | SEC |
| Feb 17, 2026 | 101.7M | +0.4% | SEC |
| Sep 30, 2025 | 101.7M | +4.7% | SEC |
| Jun 30, 2025 | 101.6M | +4.6% | SEC |
| Mar 31, 2025 | 101.6M | +4.6% | SEC |
| Feb 14, 2025 | 101.4M | +4.5% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.