Every 10-Q that DT Midstream, Inc. (DTM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DTM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DTM filings page.
DT Midstream reported higher midstream results for the quarter ended June 30, 2026. Operating revenues were $343 million versus $309 million a year earlier, and net income attributable to DT Midstream was $112 million, up from $107 million; diluted EPS was $1.09 versus $1.04.
For the first six months of 2026, operating revenues were $679 million and net income attributable to DT Midstream was $242 million, driven largely by growth in the Gathering segment. Operating cash flow rose to $502 million, funding $183 million of capital expenditures and $172 million of common dividends, while long-term debt was $3.326 billion and liquidity was approximately $1.2 billion.
DT Midstream reported solid first-quarter 2026 growth, supported by long-term gas contracts across its pipeline and gathering network. Operating revenues rose to $336 million, while net income attributable to DT Midstream increased to $130 million and diluted EPS reached $1.27.
The Pipeline segment earned $108 million of net income, helped by LEAP expansion contracts and stronger contributions from joint ventures such as NEXUS, Vector and Millennium. The Gathering segment generated $22 million of net income, driven by higher volumes and new contracts at Blue Union, Appalachia, Tioga and Ohio Utica systems.
Cash from operating activities grew to $280 million, more than covering capital expenditures of $78 million and common dividends of $83 million. Long-term debt stood at $3.33 billion, with a consolidated net leverage ratio of 2.7x and about $1.1 billion of available liquidity, giving the company capacity to fund its 2026 capital program of approximately $490–$570 million.
DT Midstream (DTM) reported stronger quarterly results. For the three months ended September 30, 2025, operating revenues were $314 million versus $248 million a year ago, and net income attributable to DT Midstream rose to $115 million from $88 million. Diluted EPS was $1.13 compared with $0.90.
Year to date, operating revenues reached $926 million versus $732 million in 2024, with net income attributable to DT Midstream of $330 million versus $281 million, and diluted EPS of $3.22 versus $2.87. Cash from operations for the nine months was $706 million, supporting $295 million of capital expenditures.
Liquidity remained solid with a $1.0 billion Revolving Credit Facility and $983 million of net availability as of September 30, 2025; long‑term debt, net, was $3.322 billion and the consolidated net leverage ratio was 3.0 to 1. Segment performance reflected growth in Pipeline revenues ($169 million vs. $112 million) and stable Gathering revenues ($145 million vs. $136 million). The company completed the Midwest Pipeline Acquisition on December 31, 2024 and recorded increased lease income tied to those assets. A quarterly dividend of $0.82 per share was declared on October 30, 2025. Shares outstanding were 101,673,925 as of September 30, 2025.
DT Midstream (DTM) posted solid top-line growth for Q2 2025. Operating revenues rose 27% YoY to $309 m, driven by a 61% jump in Pipeline revenue following the December 2024 Midwest Pipeline Acquisition and new LEAP contracts; Gathering slipped 2% to $133 m. Operating income increased 19% to $155 m, while equity-method earnings fell 23% on lower Millennium contributions. Net income attributable to DTM grew 12% to $107 m and diluted EPS advanced to $1.04 from $0.98.
Margins and cash flow remain healthy. Q2 operating margin was 50.2% (-310 bp YoY) as O&M and depreciation associated with the acquired assets outpaced revenue gains. H1 operating cash flow climbed 6% to $432 m, comfortably funding $152 m capex, $158 m dividends and $125 m net revolver repayment. Net leverage stands at 2.3× EBITDA, well below the 5.0× covenant; the Investment-Grade Event triggered the release of collateral on the revolver and 2032/34 notes, adding financial flexibility.
Balance-sheet and shareholder returns. Cash ended at $74 m, long-term debt at $3.32 b. The quarterly dividend was lifted 11.6% to $0.82 per share (≈77% payout of Q2 earnings) and a further $0.82 dividend was declared for payment on 15 Oct 2025. Shares outstanding rose 5% YoY on equity compensation, diluting EPS gains.
Outlook. Management targets disciplined capital deployment, further integration of the Midwest assets, and progress toward net-zero 2050. Key watch-items include Gathering volume recovery, Millennium equity earnings, and potential tax-cash benefits from the newly enacted OBBBA.