DT Midstream, Inc. (DTM) Financial Statements
Industry: Natural Gas Transmission
In fiscal 2025, DT Midstream reported revenue of $1.24B, up 26.7% from $981.0M the year before. Net income was $441.0M (a 35.5% net margin), or $4.30 per diluted share. Operating margin was 49.4%. Operating activities generated $867.0M of cash, leaving $441.0M of free cash flow. At fiscal year end, DT Midstream held $10.08B in total assets against $5.20B in total liabilities, including $54.0M of cash and equivalents.
Open the full interactive DT Midstream financials → Quarterly statements, key ratios, valuation history and price charts.
DT Midstream Key Stats
| Share Price | $126.55 |
|---|---|
| Market Cap | $12.98B |
| P/E Ratio | 29.4 |
| Revenue YoY Growth | +26.7% |
| 52-Week Range | $102.85 – $149.69 |
| Shares Outstanding | 102.0 million (basic, 2026 Q2) |
DT Midstream Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $840.0M | $920.0M | $922.0M | $981.0M | $1.24B |
| Operating Income | $402.0M | $478.0M | $471.0M | $489.0M | $614.0M |
| Pre-Tax Income | $422.0M | $482.0M | $500.0M | $504.0M | $598.0M |
| Income Tax | $104.0M | $100.0M | $104.0M | $137.0M | $144.0M |
| Net Income | $307.0M | $370.0M | $384.0M | $354.0M | $441.0M |
| Diluted EPS | $3.16 | $3.81 | $3.94 | $3.60 | $4.30 |
DT Midstream Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $314.0M | $317.0M | $336.0M | $343.0M |
| Net Income | $115.0M | $111.0M | $130.0M | $112.0M |
| Diluted EPS | $1.13 | $1.08 | $1.27 | $1.09 |
DT Midstream Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $132.0M | $61.0M | $56.0M | $68.0M | $54.0M |
| Current Assets | $360.0M | $262.0M | $272.0M | $310.0M | $318.0M |
| Total Assets | $8.17B | $8.83B | $8.98B | $9.94B | $10.08B |
| Current Liabilities | $177.0M | $614.0M | $434.0M | $426.0M | $296.0M |
| Total Long-Term Debt | $3.05B | $3.06B | $3.06B | $3.35B | $3.32B |
| Total Liabilities | $4.14B | $4.68B | $4.70B | $5.17B | $5.20B |
| Shareholders' Equity | $3.87B | $4.01B | $4.14B | $4.63B | $4.74B |
DT Midstream Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $572.0M | $725.0M | $798.0M | $763.0M | $867.0M |
| Cash From Investing | $123.0M | -$854.0M | -$351.0M | -$1.08B | -$372.0M |
| Cash From Financing | -$605.0M | $58.0M | -$452.0M | $330.0M | -$509.0M |
| Free Cash Flow | $432.0M | $387.0M | $26.0M | $413.0M | $441.0M |
Figures from DT Midstream's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full DT Midstream financials page for every line item.
DT Midstream Company Profile
| Ticker | DTM |
|---|---|
| Exchange | NYSE |
| Industry | Natural Gas Transmission |
| Headquarters | Detroit, Michigan |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001842022 |
Frequently Asked Questions
What was DT Midstream's revenue in fiscal 2025?
DT Midstream (DTM) reported revenue of $1.24B for fiscal 2025.
What is DT Midstream's annual revenue history?
DT Midstream's annual revenue by fiscal year: 2021: $840.0M; 2022: $920.0M; 2023: $922.0M; 2024: $981.0M; 2025: $1.24B.
What was DT Midstream's net income in fiscal 2025?
DT Midstream reported net income of $441.0M for fiscal 2025.
What was DT Midstream's earnings per share (EPS) in fiscal 2025?
DT Midstream's diluted EPS was $4.30 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did DT Midstream generate in fiscal 2025?
DT Midstream generated $441.0M of free cash flow in fiscal 2025.
What was DT Midstream's revenue last quarter?
In its most recent reported quarter (2026 Q2), DT Midstream reported revenue of $343.0M.
How much debt does DT Midstream have?
DT Midstream reported $3.32B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of DT Midstream are outstanding?
DT Midstream reported a weighted average of 102.0 million basic shares outstanding in 2026 Q2.
What is DT Midstream's market cap?
Based on its latest closing price, DT Midstream (DTM) has a market capitalization of about $12.98B.
When does DT Midstream's fiscal year end?
DT Midstream's fiscal year end, as registered with the SEC, is December 31.
Where is DT Midstream headquartered?
DT Midstream lists its business address in Detroit, Michigan in its SEC filings.