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

DT Midstream (NYSE:DTM) posted its quarterly earnings results on Thursday. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.03, Zacks reports. The business had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $337.63 million. DT Midstream had a net margin of 35.36% and a return on equity of 9.62%. During the same quarter in the prior year, the company posted $1.13 EPS.

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 Stock Down 1.9%

Shares of DT Midstream stock traded down $2.46 during trading hours on Friday, hitting $124.52. The company had a trading volume of 1,176,628 shares, compared to its average volume of 990,019. 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 company’s 50-day moving average is $125.67 and its two-hundred day moving average is $134.62. The company has a market cap of $12.70 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. DT Midstream has a twelve month low of $108.13 and a twelve month high of $152.88.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, December 15th. DT Midstream’s dividend payout ratio is 76.52%.

Key DT Midstream News

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

• Positive Sentiment: Third-quarter adjusted EPS was $1.16, exceeding the $1.13 analyst consensus, while adjusted EBITDA reached $301 million. Net income was $118 million, or $1.16 per diluted share. DT Midstream Reports Strong Third Quarter 2026 Results; Raises Adjusted EBITDA Guidance
• Positive Sentiment: Management raised its 2026 adjusted EBITDA guidance to $1.185 billion-$1.225 billion and sanctioned approximately $400 million of new projects, signaling confidence in growth and future contracted cash flow. DT Midstream raises 2026 adjusted EBITDA guidance
• Positive Sentiment: Wells Fargo raised its price target from $165 to $167 and maintained an “overweight” rating, implying substantial potential upside from recent trading levels. Wells Fargo raises DT Midstream price target
• Positive Sentiment: DTM declared a quarterly dividend of $0.88 per share, equivalent to $3.52 annually and an indicated yield of approximately 2.8%, supporting the stock’s income appeal. DT Midstream declares dividend
• Neutral Sentiment: Revenue was $336 million, slightly below the $337.6 million consensus estimate, although profitability remained strong with a 35.7% net margin.
• Negative Sentiment: The company narrowed its 2026 operating EPS outlook, while US Capital Advisors reduced its FY2028 EPS estimate to $5.55 from $5.62. These revisions may temper enthusiasm despite the EBITDA increase.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DTM shares. Wolfe Research upgraded DT Midstream from a “peer perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Wednesday, August 26th. The Goldman Sachs Group reissued a “sell” rating and set a $121.00 target price on shares of DT Midstream in a research note on Wednesday, October 14th. Morgan Stanley reduced their target price on DT Midstream from $170.00 to $164.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Bank of America reaffirmed a “buy” rating on shares of DT Midstream in a research note on Monday, October 26th. Finally, Scotiabank set a $165.00 price target on DT Midstream in a report on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.50.

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.