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DT Midstream Inc (DTM) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

ENERGY · OIL & GAS MIDSTREAM · DATA UPDATED 2026-07-25

DT Midstream Inc (DTM) operates in the OIL & GAS MIDSTREAM industry and is headquartered in Detroit, United States with about 588 employees. Its market capitalization is roughly $15 billion. In the fiscal year ended 2025-12-31, DTM reported $1.2B in revenue and $441M in net income.

DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates in two segments, Pipeline and Gathering.

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DTM Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-03-312025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Total Revenue$1.3B$1.2B$981M$922M$920M$840M$754M$504M$485M
Gross Profit$741M$914M$528M$495M$483M$443M$427M$400M$363M
Gross Margin %58.1%73.5%53.8%53.7%52.5%52.7%56.6%79.4%74.9%
Operating Income (EBIT)$633M$614M$489M$467M$455M$419M$412M$368M$273M
Operating Margin %49.6%49.4%49.9%50.6%49.5%49.9%54.6%73.0%56.3%
Net Income$463M$441M$354M$384M$370M$307M$312M$204M$231M
Net Margin %36.3%35.5%36.1%41.6%40.2%36.5%41.4%40.5%47.6%
EBITDA$1.1B$1.0B$884M$850M$808M$718M$722M$477M$481M
Earnings Per Share (EPS)$4.51$4.30$3.60$3.94$3.81$3.17$3.22$2.11$2.38
Shares Outstanding (M)103M102M98M98M97M97M97M97M97M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DTM Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$336M$317M$314M$309M$303M$249M$248M$244M
Gross Profit$182M$163M$230M$166M$162M$121M$132M$139M
Gross Margin %54.2%51.4%73.2%53.7%53.5%48.6%53.2%57.0%
Operating Income (EBIT)$167M$156M$155M$155M$148M$113M$122M$130M
Operating Margin %49.7%49.2%49.4%50.2%48.8%45.4%49.2%53.3%
Net Income$130M$111M$115M$107M$108M$73M$88M$96M
Net Margin %38.7%35.0%36.6%34.6%35.6%29.3%35.5%39.3%
EBITDA$283M$266M$258M$253M$253M$213M$216M$230M
Earnings Per Share (EPS)$1.27$1.08$1.12$1.04$1.05$0.72$0.90$0.98
Shares Outstanding (M)103M103M102M102M102M101M98M98M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DTM Free Cash Flow History

Cash flowTTM → 2026-03-312025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Cash from Operations (CFO)$945M$916M$763M$798M$725M$572M$597M$390M$359M
Capital Expenditures (CapEx)$433M$426M$350M$772M$338M$140M$518M$211M$176M
Free Cash Flow (FCF)$512M$490M$413M$26M$387M$432M$79M$179M$183M
FCF Margin %40.1%39.4%42.1%2.8%42.1%51.4%10.5%35.5%37.7%
Dividends Paid$332M$324M$280M$263M$244M$559M$559M$559M$559M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DTM Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$295M$176M$289M$185M$247M$152M$205M$165M
Capital Expenditures (CapEx)$78M$131M$143M$81M$71M$90M$81M$81M
Free Cash Flow (FCF)$217M$45M$146M$104M$176M$62M$124M$84M
FCF Margin %64.6%14.2%46.5%33.7%58.1%24.9%50.0%34.4%
Dividends Paid$83M$83M$83M$83M$75M$71M$71M$71M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DTM Balance Sheet History

Balance sheet2026-03-312025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Total Assets$10.2B$10.4B$9.9B$9.0B$8.8B$8.2B$8.3B$7.8B$4.9B
Cash & Cash Equivalents$150M$54M$68M$56M$61M$132M$42M$46M$26M
Total Liabilities$5.3B$5.5B$5.2B$4.7B$4.7B$4.1B$4.1B$4.1B$1.8B
Total Debt (Short + Long-Term)$3.3B$3.3B$3.5B$3.2B$3.4B$3.1B$3.2B$2.9B$1.7B
Total Shareholders' Equity$4.8B$4.7B$4.6B$4.1B$4.0B$3.9B$4.1B$3.6B$2.2B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive DTM viewer.

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