# DT Midstream, Inc.: overview

DTM · NYSE · CIK 1842022 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/dtm.md) · [Financials](/companies/dtm/financials.md) · [Filings](/companies/dtm/filings.md) · [Insiders](/companies/dtm/insiders.md)

Latest reported revenue: [$336.0m](/filings/0001842022-26-000013.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:Revenues, accession 0001842022-26-000013).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [249 d](/filings/0001842022-26-000003.md) | [303](/filings/0001842022-26-000006.md) | [309](/filings/0001842022-26-000009.md) | [314](/filings/0001842022-26-000013.md) | [317 d](/filings/0001842022-26-000003.md) | [336](/filings/0001842022-26-000006.md) | [343](/filings/0001842022-26-000009.md) | [336](/filings/0001842022-26-000013.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [45.4% d](/filings/0001842022-26-000003.md) | [48.8%](/filings/0001842022-26-000006.md) | [50.2%](/filings/0001842022-26-000009.md) | [49.4%](/filings/0001842022-26-000013.md) | [49.2% d](/filings/0001842022-26-000003.md) | [49.4%](/filings/0001842022-26-000006.md) | [50.4%](/filings/0001842022-26-000009.md) | [48.5%](/filings/0001842022-26-000013.md) |
| Net margin | % | [29.3% d](/filings/0001842022-26-000003.md) | [35.6%](/filings/0001842022-26-000006.md) | [34.6%](/filings/0001842022-26-000009.md) | [36.6%](/filings/0001842022-26-000013.md) | [35.0% d](/filings/0001842022-26-000003.md) | [38.7%](/filings/0001842022-26-000006.md) | [32.7%](/filings/0001842022-26-000009.md) | [35.1%](/filings/0001842022-26-000013.md) |
| Diluted EPS | $ per share | not reported | [1.06](/filings/0001842022-26-000006.md) | [1.04](/filings/0001842022-26-000009.md) | [1.13](/filings/0001842022-26-000013.md) | not reported | [1.27](/filings/0001842022-26-000006.md) | [1.09](/filings/0001842022-26-000009.md) | [1.16](/filings/0001842022-26-000013.md) |
| Free cash flow | $m | [62.0 d](/filings/0001842022-26-000003.md) | [176](/filings/0001842022-26-000006.md) | [104 d](/filings/0001842022-26-000009.md) | [131 d](/filings/0001842022-26-000013.md) | [30.0 d](/filings/0001842022-26-000003.md) | [202](/filings/0001842022-26-000006.md) | [117 d](/filings/0001842022-26-000009.md) | [184 d](/filings/0001842022-26-000013.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [840](/filings/0001842022-24-000003.md) | [920](/filings/0001842022-25-000003.md) | [922](/filings/0001842022-26-000003.md) | [981](/filings/0001842022-26-000003.md) | [1,243](/filings/0001842022-26-000003.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [47.9%](/filings/0001842022-24-000003.md) | [52.0%](/filings/0001842022-25-000003.md) | [51.1%](/filings/0001842022-26-000003.md) | [49.8%](/filings/0001842022-26-000003.md) | [49.4%](/filings/0001842022-26-000003.md) |
| Net margin | % | [36.5%](/filings/0001842022-24-000003.md) | [40.2%](/filings/0001842022-25-000003.md) | [41.6%](/filings/0001842022-26-000003.md) | [36.1%](/filings/0001842022-26-000003.md) | [35.5%](/filings/0001842022-26-000003.md) |
| Diluted EPS | $ per share | [3.16](/filings/0001842022-24-000003.md) | [3.81](/filings/0001842022-25-000003.md) | [3.94](/filings/0001842022-26-000003.md) | [3.60](/filings/0001842022-26-000003.md) | [4.30](/filings/0001842022-26-000003.md) |
| Free cash flow | $m | [432](/filings/0001842022-24-000003.md) | [387](/filings/0001842022-25-000003.md) | [26.0](/filings/0001842022-26-000003.md) | [413](/filings/0001842022-26-000003.md) | [441](/filings/0001842022-26-000003.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/dtm/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.67bn | 11,398,947 |  | Added +481,899 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $848.0m | 5,778,907 |  | Reduced −105,332 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $676.0m | 4,607,124 |  | Added +42,540 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $499.2m | 3,401,455 |  | Added +1,090,501 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $498.5m | 3,377,042 |  | Added +130,697 |
| [DEUTSCHE BANK AG\\](/funds/948046.md) | 2026-06-30 | $445.3m | 3,034,454 |  | Reduced −21,987 |
| [NEUBERGER BERMAN GROUP LLC](/funds/1465109.md) | 2026-06-30 | $438.8m | 2,989,882 |  | Added +52,474 |
| [TORTOISE CAPITAL ADVISORS, L.L.C.](/funds/1280965.md) | 2026-06-30 | $436.7m | 2,975,967 |  | Reduced −31,592 |
| [Blackstone Inc.](/funds/1393818.md) | 2026-06-30 | $365.5m | 2,490,513 |  | Reduced −189,743 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $333.7m | 2,274,247 |  | Reduced −2,597 |

## Recent filings

[All 329 filings](/companies/dtm/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 16:41 ET | [10-Q](/filings/0001842022-26-000013.md) | Quarterly report, period 2026-09-30 | 0001842022-26-000013 |
| 2026-10-29 | 07:32 ET | [8-K](/filings/0001140361-26-041104.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001140361-26-041104 |
| 2026-07-30 | 15:28 ET | [10-Q](/filings/0001842022-26-000009.md) | Quarterly report, period 2026-06-30 | 0001842022-26-000009 |
| 2026-07-30 | 06:45 ET | [8-K](/filings/0001140361-26-030142.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001140361-26-030142 |
| 2026-05-12 | 16:20 ET | [8-K](/filings/0001140361-26-020815.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001140361-26-020815 |
| 2026-05-07 | 16:14 ET | [8-K](/filings/0001140361-26-019543.md) | 5.07 Shareholder vote results | 0001140361-26-019543 |
| 2026-04-30 | 14:32 ET | [10-Q](/filings/0001842022-26-000006.md) | Quarterly report, period 2026-03-31 | 0001842022-26-000006 |
| 2026-04-30 | 06:54 ET | [8-K](/filings/0001140361-26-017997.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001140361-26-017997 |
| 2026-03-26 | 08:00 ET | [DEF 14A](/filings/0001140361-26-011280.md) | Proxy statement, period 2026-05-05 | 0001140361-26-011280 |
| 2026-02-19 | 16:54 ET | [10-K](/filings/0001842022-26-000003.md) | Annual report, period 2025-12-31 | 0001842022-26-000003 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001842022-26-000003.md), filed Feb 19, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/6e4f8ccf-5511-4b15-9ab3-abb3e7f8feb2)

## About the filer

- CIK: 1842022
- Tickers: DTM
- Exchange: NYSE
- SIC code: 4922 Natural Gas Transmission
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 19:07 ET. No prices; not investment advice.