Dt Midstream Inc Financials
Dt Midstream Inc (DTM) reported $1.3B in revenue over the twelve months to Jun 30, 2026, up 18.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Asset-heavy reinvestment is supporting growth, while operating cash funds both capital spending and rising shareholder distributions.
Revenue advanced from$922M in FY2023 to$1.24B in FY2025 while operating profit margin stayed near50% ; expansion therefore appears driven more by added asset capacity than margin widening. Free-cash-flow margin recovered from2.8% to35.5% , aligning with normalized capital spending and showing that project timing materially shapes cash availability.
Operating cash flow exceeded net income in both FY2024 and FY2025, indicating that reported earnings are converting into cash rather than being absorbed by working capital. FY2025's current ratio of 1.1x alongside debt-to-equity of 0.7x points to improved short-term coverage without a shift toward heavier leverage.
FY2025 dividends of
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Dt Midstream Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Dt Midstream Inc scores 1.97, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($13.2B) relative to total liabilities ($5.2B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Dt Midstream Inc passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Dt Midstream Inc generates $1.97 in operating cash flow ($867.0M OCF vs $441.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Dt Midstream Inc earns $3.63 in operating income for every $1 of interest expense ($614.0M vs $169.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Dt Midstream Inc generated $1.2B in revenue in fiscal year 2025. This represents an increase of 26.7% from the prior year.
Dt Midstream Inc's EBITDA was $872.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.9% from the prior year.
Dt Midstream Inc reported $441.0M in net income in fiscal year 2025. This represents an increase of 24.6% from the prior year.
Dt Midstream Inc earned $4.30 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.4% from the prior year.
Cash & Balance Sheet
Dt Midstream Inc generated $441.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 6.8% from the prior year.
Dt Midstream Inc held $54.0M in cash against $3.3B in long-term debt as of fiscal year 2025.
Dt Midstream Inc paid $3.28 per share in dividends in fiscal year 2025. This represents an increase of 11.6% from the prior year.
Margins & Returns
Dt Midstream Inc's operating margin was 49.4% in fiscal year 2025, reflecting core business profitability. This is down 0.5 percentage points from the prior year.
Dt Midstream Inc's net profit margin was 35.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.
Dt Midstream Inc's ROE was 9.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Dt Midstream Inc invested $426.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 21.7% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
DTM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $343.0M+2.1% | $336.0M+6.0% | $317.0M+1.0% | $314.0M+1.6% | $309.0M+2.0% | $303.0M+21.7% | $249.0M+0.4% | $248.0M |
| Operating Income | $173.0M+4.2% | $166.0M+6.4% | $156.0M+0.6% | $155.0M0.0% | $155.0M+4.7% | $148.0M+31.0% | $113.0M-7.4% | $122.0M |
| Interest Expense | $42.0M+5.0% | $40.0M-18.4% | $49.0M+22.5% | $40.0M0.0% | $40.0M0.0% | $40.0M-13.0% | $46.0M+21.1% | $38.0M |
| Income Tax | $53.0M+47.2% | $36.0M-10.0% | $40.0M+14.3% | $35.0M+2.9% | $34.0M-2.9% | $35.0M-18.6% | $43.0M+43.3% | $30.0M |
| Net Income | $112.0M-13.8% | $130.0M+17.1% | $111.0M-3.5% | $115.0M+7.5% | $107.0M-0.9% | $108.0M+47.9% | $73.0M-17.0% | $88.0M |
| EPS (Diluted) | $1.09-14.2% | $1.27+17.6% | $1.08-4.4% | $1.13+8.7% | $1.04-1.9% | $1.06+45.2% | $0.73-18.9% | $0.90 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
DTM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.2B+0.5% | $10.2B+0.7% | $10.1B+0.2% | $10.1B-0.2% | $10.1B0.0% | $10.1B+1.5% | $9.9B+15.7% | $8.6B |
| Current Assets | $409.0M+1.2% | $404.0M+27.0% | $318.0M-1.2% | $322.0M+10.7% | $291.0M-6.7% | $312.0M+0.6% | $310.0M+24.5% | $249.0M |
| Cash & Equivalents | $172.0M+14.7% | $150.0M+177.8% | $54.0M-44.9% | $98.0M+32.4% | $74.0M-10.8% | $83.0M+22.1% | $68.0M-11.7% | $77.0M |
| Accounts Receivable | $184.0M-1.1% | $186.0M0.0% | $186.0M+6.3% | $175.0M+6.7% | $164.0M-2.4% | $168.0M-2.3% | $172.0M+25.5% | $137.0M |
| Goodwill | $781.0M0.0% | $781.0M0.0% | $781.0M0.0% | $781.0M0.0% | $781.0M+0.6% | $776.0M0.0% | $776.0M+64.1% | $473.0M |
| Total Liabilities | $5.3B+0.5% | $5.3B+1.1% | $5.2B-0.3% | $5.2B+1.4% | $5.1B-0.1% | $5.2B-0.4% | $5.2B+22.2% | $4.2B |
| Current Liabilities | $298.0M-7.2% | $321.0M+8.4% | $296.0M-15.2% | $349.0M+5.4% | $331.0M-13.1% | $381.0M-10.6% | $426.0M+62.6% | $262.0M |
| Long-Term Debt | $3.3B0.0% | $3.3B0.0% | $3.3B+0.1% | $3.3B0.0% | $3.3B0.0% | $3.3B0.0% | $3.3B+24.1% | $2.7B |
| Total Equity | $4.8B+0.5% | $4.8B+0.4% | $4.7B+0.7% | $4.7B+0.6% | $4.7B+0.7% | $4.6B+0.3% | $4.6B+9.7% | $4.2B |
| Retained Earnings | $888.0M+2.4% | $867.0M+4.8% | $827.0M+3.2% | $801.0M+4.0% | $770.0M+3.1% | $747.0M+3.3% | $723.0M-0.4% | $726.0M |
Not reported in any period shown, so not listed: Inventory.
DTM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $222.0M-20.7% | $280.0M+73.9% | $161.0M-41.2% | $274.0M+48.1% | $185.0M-25.1% | $247.0M+62.5% | $152.0M-25.9% | $205.0M |
| Capital Expenditures | $105.0M+34.6% | $78.0M-40.5% | $131.0M-8.4% | $143.0M+76.5% | $81.0M+14.1% | $71.0M-21.1% | $90.0M+11.1% | $81.0M |
| Free Cash Flow | $117.0M-42.1% | $202.0M+573.3% | $30.0M-77.1% | $131.0M+26.0% | $104.0M-40.9% | $176.0M+183.9% | $62.0M-50.0% | $124.0M |
| Investing Cash Flow | -$104.0M-52.9% | -$68.0M+42.4% | -$118.0M+9.2% | -$130.0M-85.7% | -$70.0M-29.6% | -$54.0M+95.8% | -$1.3B-471.1% | $346.0M |
| Financing Cash Flow | -$96.0M+17.2% | -$116.0M-33.3% | -$87.0M+27.5% | -$120.0M+3.2% | -$124.0M+30.3% | -$178.0M-115.9% | $1.1B+305.3% | -$547.0M |
| Dividends Paid | $89.0M+7.2% | $83.0M0.0% | $83.0M0.0% | $83.0M0.0% | $83.0M+10.7% | $75.0M+5.6% | $71.0M0.0% | $71.0M |
Not reported in any period shown, so not listed: Share Buybacks.
DTM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 50.4%+1.0pp | 49.4%+0.2pp | 49.2%-0.2pp | 49.4%-0.8pp | 50.2%+1.3pp | 48.8%+3.5pp | 45.4%-3.8pp | 49.2% |
| Net Margin | 32.6%-6.0pp | 38.7%+3.7pp | 35.0%-1.6pp | 36.6%+2.0pp | 34.6%-1.0pp | 35.6%+6.3pp | 29.3%-6.2pp | 35.5% |
| Return on Equity | 2.3%-0.4pp | 2.7%+0.4pp | 2.3%-0.1pp | 2.5%+0.2pp | 2.3%0.0pp | 2.3%+0.8pp | 1.6%-0.5pp | 2.1% |
| Return on Assets | 1.1%-0.2pp | 1.3%+0.2pp | 1.1%0.0pp | 1.1%+0.1pp | 1.1%0.0pp | 1.1%+0.3pp | 0.7%-0.3pp | 1.0% |
| Current Ratio | 1.37+0.1x | 1.26+0.2x | 1.07+0.2x | 0.920.0x | 0.88+0.1x | 0.82+0.1x | 0.73-0.2x | 0.95 |
| Debt-to-Equity | 0.700.0x | 0.700.0x | 0.700.0x | 0.710.0x | 0.710.0x | 0.720.0x | 0.72+0.1x | 0.63 |
| FCF Margin | 34.1%-26.0pp | 60.1%+50.7pp | 9.5%-32.3pp | 41.7%+8.1pp | 33.7%-24.4pp | 58.1%+33.2pp | 24.9%-25.1pp | 50.0% |
Not reported in any period shown, so not listed: Gross Margin.
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Where Dt Midstream Inc Ranks
Frequently Asked Questions
What is Dt Midstream Inc's annual revenue?
Dt Midstream Inc (DTM) reported $1.2B in total revenue for fiscal year 2025. This represents a 26.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dt Midstream Inc's revenue growing?
Dt Midstream Inc (DTM) revenue grew by 26.7% year-over-year, from $981.0M to $1.2B in fiscal year 2025.
Is Dt Midstream Inc profitable?
Yes, Dt Midstream Inc (DTM) reported a net income of $441.0M in fiscal year 2025, with a net profit margin of 35.5%.
What is Dt Midstream Inc's EBITDA?
Dt Midstream Inc (DTM) had EBITDA of $872.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Dt Midstream Inc have?
As of fiscal year 2025, Dt Midstream Inc (DTM) had $54.0M in cash and equivalents against $3.3B in long-term debt.
What is Dt Midstream Inc's operating margin?
Dt Midstream Inc (DTM) had an operating margin of 49.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Dt Midstream Inc's net profit margin?
Dt Midstream Inc (DTM) had a net profit margin of 35.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Dt Midstream Inc pay dividends?
Yes, Dt Midstream Inc (DTM) paid $3.28 per share in dividends during fiscal year 2025.
What is Dt Midstream Inc's return on equity (ROE)?
Dt Midstream Inc (DTM) has a return on equity of 9.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dt Midstream Inc's free cash flow?
Dt Midstream Inc (DTM) generated $441.0M in free cash flow during fiscal year 2025. This represents a 6.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dt Midstream Inc's operating cash flow?
Dt Midstream Inc (DTM) generated $867.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dt Midstream Inc's total assets?
Dt Midstream Inc (DTM) had $10.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dt Midstream Inc's capital expenditures?
Dt Midstream Inc (DTM) invested $426.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Dt Midstream Inc's current ratio?
Dt Midstream Inc (DTM) had a current ratio of 1.07 as of fiscal year 2025, which is considered adequate.
What is Dt Midstream Inc's debt-to-equity ratio?
Dt Midstream Inc (DTM) had a debt-to-equity ratio of 0.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dt Midstream Inc's return on assets (ROA)?
Dt Midstream Inc (DTM) had a return on assets of 4.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dt Midstream Inc's Altman Z-Score?
Dt Midstream Inc (DTM) has an Altman Z-Score of 1.97, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Dt Midstream Inc's Piotroski F-Score?
Dt Midstream Inc (DTM) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dt Midstream Inc's earnings high quality?
Dt Midstream Inc (DTM) has an earnings quality ratio of 1.97x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Dt Midstream Inc cover its interest payments?
Dt Midstream Inc (DTM) has an interest coverage ratio of 3.63x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Dt Midstream Inc?
Dt Midstream Inc (DTM) scores 63 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.