DT Midstream (NYSE:DTM) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

DT Midstream (NYSE:DTM) posted its quarterly earnings data on Thursday. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.13 by $0.03, Zacks reports. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. The business had revenue of $336.00 million during the quarter, compared to analyst estimates of $337.63 million. During the same quarter last year, the firm posted $1.13 earnings per share.

Here are the key takeaways from DT Midstream’s conference call:

• DT Midstream raised its 2026 outlook, narrowing adjusted EBITDA guidance to $1.185 billion-$1.225 billion and increasing distributable cash flow guidance to $860 million-$890 million.
• The company reached final investment decision on approximately $400 million of new pipeline projects, including the MIST Southbound expansion and a power-plant lateral, increasing total committed capital to about $2.4 billion.
• Management cited durable long-term demand from LNG exports, power generation, data centers and coal-to-gas switching, while its 2027 adjusted EBITDA outlook was reaffirmed and the quarterly dividend remained $0.88 per share.
• Fourth-quarter results are expected to decline sequentially because of offline capacity and higher Stonewall expenses, as well as lower Northeast gathering volumes from producer curtailments and downstream outages.
• Capital efficiency reduced the 2026 growth-capital range by more than 10% at the midpoint, supporting expected year-end leverage of approximately 2.8 times on balance sheet and 3.4 times on a proportionate basis.

DT Midstream Price Performance

Shares of DTM stock traded up $2.44 during midday trading on Thursday, reaching $127.24. 1,537,600 shares of the company traded hands, compared to its average volume of 952,754. The firm’s 50 day simple moving average is $125.78 and its two-hundred day simple moving average is $134.58. DT Midstream has a 1-year low of $106.00 and a 1-year high of $152.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $12.98 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72.

DT Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, December 15th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.8%. DT Midstream’s dividend payout ratio (DPR) is 77.02%.

More DT Midstream News

Here are the key news stories impacting DT Midstream this week:

• Positive Sentiment: Third-quarter earnings beat expectations: DTM reported operating earnings of $1.16 per diluted share, above the $1.13 analyst consensus, while adjusted EBITDA reached $301 million. Earnings also improved from $1.13 per share in the year-earlier quarter. DT Midstream Reports Strong Third Quarter 2026 Results; Raises Adjusted EBITDA Guidance
• Positive Sentiment: Guidance was raised: Management increased its 2026 adjusted EBITDA outlook to $1.185 billion-$1.225 billion and sanctioned approximately $400 million of new projects. The higher outlook signals confidence in operating performance and future expansion. DT Midstream raises 2026 adjusted EBITDA guidance
• Positive Sentiment: Dividend maintained: DTM declared a quarterly dividend of $0.88 per share, or $3.52 annualized, representing an indicated yield of approximately 2.8%. The dividend is payable January 15 to shareholders of record December 15.
• Neutral Sentiment: Revenue was slightly below estimates: Third-quarter revenue totaled $336 million versus the $337.63 million consensus, partially offsetting the earnings beat. DT Midstream Reports Q3 Operating Earnings
• Negative Sentiment: Analyst revisions were mixed: US Capital Advisors raised its first-quarter 2027 EPS estimate slightly to $1.32 but cut its 2028 forecast to $5.55 from $5.62, indicating some longer-term caution.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DTM shares. Jefferies Financial Group reissued a “buy” rating and set a $150.00 price objective on shares of DT Midstream in a research report on Thursday, October 15th. Scotiabank set a $165.00 price objective on DT Midstream in a report on Thursday, October 15th. Mizuho cut their target price on shares of DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Wall Street Zen downgraded DT Midstream from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Barclays lowered their target price on shares of DT Midstream from $143.00 to $142.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.36.

DT Midstream Company Profile

DT Midstream, Inc (NYSE: DTM) is an independent North American energy company focused on the transportation, storage and gathering of natural gas. The company owns and operates interstate and intrastate pipeline systems, natural gas storage facilities, and gathering and processing infrastructure that connect producers with utilities, power generators, industrial customers and other energy markets.

DT Midstream’s operations are concentrated in the United States, including the Midwest, Northeast and Gulf Coast regions.