DT Midstream (DTM) Stock Insights
DTM$129.04+4.24 +3.40%
$13.16B
Market Cap
28.03
P/E
27.47
Forward P/E
48
Score
DT Midstream (DTM) Stock Insights
DTM price $129.04 +4.24 +3.40%
- Ticker
- DTM
- Price
- $129.04
- Change
- +4.24 +3.40%
- Market cap ?
- $13.16B
- P/E ?
- 28.03
- Forward P/E ?
- 27.47
- Dividend yield ?
- 2.68%
- Beta ?
- 0.74
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Stocklytics score
- 48
- Value
- 34
- Quality
- 59
- Growth
- 51
Stocklytics score rationale: value 34, quality 59, growth 51.
Financials
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| 485000000 | 504000000 | 754000000 | 840000000 | 920000000 | 922000000 | 981000000 | 1243000000 |
DT Midstream, Inc. is a U.S.-based company offering a comprehensive suite of natural gas infrastructure and related services. The organization's operations are divided into two primary divisions: Pipeline and Gathering. It is responsible for the development, ownership, and management of an interconnected network of assets. This portfolio includes both interstate and intrastate pipelines, natural gas storage…
Fair value
DTM fair value $85.54. Price $129.04. Price is 51% above fair value.
Above fair value, and more expensive than usual. A larger premium than on 86% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 480.00M. Growth 8.34%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 102.02M. Net debt 3.32B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-10-29 | 1.16 | 1.13 | — | 337.63M |
| 2026-07-30 | 1.09 | 1.17 | 343.00M | 325.84M |
| 2026-04-30 | 1.27 | 1.11 | 336.00M | 313.65M |
| 2026-02-19 | 1.08 | 1.11 | 317.00M | 317.11M |
| 2025-10-30 | 1.13 | 1.03 | 314.00M | 320.07M |
| 2025-07-31 | 1.04 | 0.98 | 309.00M | 312.33M |
| 2025-04-30 | 1.06 | 1.07 | 303.00M | 290.82M |
| 2025-02-26 | 0.94 | 0.89 | 249.00M | 253.40M |
| 2024-10-29 | 0.90 | 0.93 | 248.00M | 253.51M |
| 2024-07-30 | 0.98 | 0.92 | 244.00M | 240.84M |
| 2024-04-30 | 0.99 | 0.95 | 240.00M | 237.31M |
| 2024-02-16 | 1.24 | 0.92 | 244.00M | 242.95M |
| 2023-11-01 | 0.94 | 0.90 | 234.00M | 227.03M |
| 2023-08-01 | 0.93 | 0.88 | 224.00M | 222.00M |
| 2023-05-02 | 0.84 | 0.93 | 220.00M | 242.50M |
| 2023-02-16 | 0.93 | 1.00 | 243.00M | 248.00M |
| 2022-10-28 | 0.90 | 0.87 | 235.00M | 218.59M |
| 2022-08-03 | 0.80 | 0.87 | 227.00M | 213.73M |
| 2022-05-05 | 0.84 | 0.89 | 215.00M | 217.56M |
| 2022-02-25 | 0.89 | 0.84 | 223.00M | 210.71M |
| 2021-11-05 | 0.77 | 0.79 | 212.00M | 215.43M |
| 2021-08-06 | 0.70 | 0.76 | 208.00M | 197.00M |
| 2021-06-04 | 0.71 | — | 208.00M | — |
| 2021-03-31 | 0.81 | — | 197.00M | — |
| 2020-09-30 | 1.04 | — | 203.00M | — |
| 2020-06-30 | 0.73 | — | 174.00M | — |
| 2020-03-31 | 0.73 | — | 169.00M | — |
Dividends
Yield 2.68%. Payout ratio 72.22%. Frequency Quarterly.
Safety score 67/100 · Moderate. Payout ratio is 72% of earnings. Dividends use most of free cash flow. Dividends were paid in 6 separate years. Yield is 2.7%, in a range that is usually sustainable.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-09-21 | $0.88 | 2026-09-21 | 2026-10-15 | Quarterly |
| 2026-06-15 | $0.88 | 2026-06-15 | 2026-07-15 | Quarterly |
| 2026-03-16 | $0.88 | 2026-03-16 | 2026-04-15 | Quarterly |
| 2025-12-15 | $0.82 | 2025-12-15 | 2026-01-15 | Quarterly |
| 2025-09-15 | $0.82 | 2025-09-15 | 2025-10-15 | Quarterly |
| 2025-06-16 | $0.82 | 2025-06-16 | 2025-07-15 | Quarterly |
| 2025-03-17 | $0.82 | 2025-03-17 | 2025-04-15 | Quarterly |
| 2024-12-16 | $0.73 | 2024-12-16 | 2025-01-15 | Quarterly |
| 2024-09-16 | $0.73 | 2024-09-16 | 2024-10-15 | Quarterly |
| 2024-06-17 | $0.73 | 2024-06-17 | 2024-07-15 | Quarterly |
| 2024-03-15 | $0.73 | 2024-03-18 | 2024-04-15 | Quarterly |
| 2023-12-15 | $0.69 | 2023-12-18 | 2024-01-15 | Quarterly |
| 2023-09-15 | $0.69 | 2023-09-18 | 2023-10-15 | Quarterly |
| 2023-06-15 | $0.69 | 2023-06-19 | 2023-07-15 | Quarterly |
| 2023-03-17 | $0.69 | 2023-03-20 | 2023-04-15 | Quarterly |
| 2022-12-16 | $0.64 | 2022-12-19 | 2023-01-15 | Quarterly |
| 2022-09-16 | $0.64 | 2022-09-19 | 2022-10-15 | Quarterly |
| 2022-06-16 | $0.64 | 2022-06-20 | 2022-07-15 | Quarterly |
| 2022-03-18 | $0.64 | 2022-03-21 | 2022-04-15 | Quarterly |
| 2021-12-17 | $0.60 | 2021-12-20 | 2022-01-15 | Quarterly |
| 2021-09-17 | $0.60 | 2021-09-20 | 2021-10-15 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-14 | Mehl Garrett Jacob | Other | 0 | — | — |
| 2026-09-14 | Mehl Garrett Jacob | Other | 645 | — | — |
| 2026-08-07 | Pickle Elaine M | Buy | 1.50K | $132.61 | 198.92K |
| 2026-08-05 | Jewell Jeffrey A | Buy | 145 | $133.78 | 19.40K |
| 2026-05-15 | Jewell Jeffrey A | Buy | 150 | $147.73 | 22.16K |
| 2026-05-06 | Archon Angela N | Buy | 1.18K | — | — |
| 2026-05-06 | Archon Angela N | Sell | 1.15K | — | — |
| 2026-05-05 | Pickle Elaine M | Buy | 1.09K | — | — |
| 2026-05-05 | Baker Stephen W | Buy | 1.09K | — | — |
| 2026-05-05 | Archon Angela N | Buy | 1.09K | — | — |
| 2026-05-05 | Wilson Dwayne Andree | Buy | 1.09K | — | — |
| 2026-05-05 | SKAGGS ROBERT C JR | Buy | 1.09K | — | — |
| 2026-05-05 | Tumminello Peter I | Buy | 1.09K | — | — |
| 2026-05-04 | Jewell Jeffrey A | Buy | 16.11K | $138.70 | 2.23M |
| 2026-05-04 | Jewell Jeffrey A | Sell | 16.11K | $138.70 | 2.23M |
| 2026-05-04 | Jewell Jeffrey A | Sell | 13.21K | — | — |
| 2026-03-05 | Finland Joseph Peter | Buy | 1.03K | — | — |
| 2026-03-05 | Finland Joseph Peter | Sell | 412 | $141.77 | 58.41K |
| 2026-03-05 | Finland Joseph Peter | Sell | 965 | — | — |
| 2026-02-26 | Tumminello Peter I | Sell | 2.00K | $135.79 | 271.85K |
| 2026-02-25 | Jewell Jeffrey A | Buy | 185 | $136.33 | 25.22K |
| 2026-02-20 | Cox Melissa | Buy | 1.45K | — | — |
| 2026-02-20 | Ellis Wendy | Buy | 4.45K | — | — |
| 2026-02-20 | Jewell Jeffrey A | Buy | 5.29K | — | — |
| 2026-02-20 | Zona Christopher | Buy | 5.85K | — | — |
| 2026-02-20 | Finland Joseph Peter | Buy | 161 | — | — |
| 2026-02-20 | Slater David | Buy | 16.29K | — | — |
| 2026-02-17 | Jewell Jeffrey A | Buy | 35.63K | — | — |
| 2026-02-17 | Jewell Jeffrey A | Sell | 15.92K | $132.65 | 2.11M |
| 2026-02-17 | Cox Melissa | Buy | 11.02K | — | — |
| 2026-02-17 | Cox Melissa | Sell | 5.24K | $132.65 | 695.09K |
| 2026-02-17 | Slater David | Buy | 135.16K | — | — |
| 2026-02-17 | Slater David | Sell | 63.19K | $132.65 | 8.38M |
| 2026-02-17 | Finland Joseph Peter | Buy | 1.50K | — | — |
| 2026-02-17 | Finland Joseph Peter | Sell | 640 | $132.65 | 84.90K |
| 2026-02-17 | Zona Christopher | Buy | 36.73K | — | — |
| 2026-02-17 | Zona Christopher | Sell | 16.81K | $132.65 | 2.23M |
| 2026-02-17 | Ellis Wendy | Buy | 21.60K | — | — |
| 2026-02-17 | Ellis Wendy | Sell | 10.32K | $132.65 | 1.37M |
| 2026-02-01 | Slater David | Buy | 28.96K | — | — |
| 2026-02-01 | Slater David | Sell | 12.38K | $126.02 | 1.56M |
| 2026-02-01 | Slater David | Sell | 25.68K | — | — |
| 2026-02-01 | Finland Joseph Peter | Buy | 321 | — | — |
| 2026-02-01 | Finland Joseph Peter | Sell | 145 | $126.02 | 18.27K |
| 2026-02-01 | Finland Joseph Peter | Sell | 285 | — | — |
| 2026-02-01 | Jewell Jeffrey A | Buy | 7.63K | — | — |
| 2026-02-01 | Jewell Jeffrey A | Sell | 2.33K | $126.02 | 293.12K |
| 2026-02-01 | Jewell Jeffrey A | Sell | 6.77K | — | — |
| 2026-02-01 | Ellis Wendy | Buy | 4.63K | — | — |
| 2026-02-01 | Ellis Wendy | Sell | 2.27K | $126.02 | 285.69K |
| 2026-02-01 | Ellis Wendy | Sell | 4.10K | — | — |
| 2026-02-01 | Cox Melissa | Buy | 2.36K | — | — |
| 2026-02-01 | Cox Melissa | Sell | 1.18K | $126.02 | 148.58K |
| 2026-02-01 | Cox Melissa | Sell | 2.09K | — | — |
| 2026-02-01 | Zona Christopher | Buy | 7.87K | — | — |
| 2026-02-01 | Zona Christopher | Sell | 2.81K | $126.02 | 353.86K |
| 2026-02-01 | Zona Christopher | Sell | 6.98K | — | — |
| 2026-01-28 | Cox Melissa | Buy | 2.85K | — | — |
| 2025-09-17 | Finland Joseph Peter | Other | 773 | — | — |
| 2025-08-11 | Cox Melissa | Sell | 4.75K | $104.47 | 496.75K |
| 2025-08-07 | Jewell Jeffrey A | Buy | 150 | $104.38 | 15.66K |
| 2025-08-02 | Tumminello Peter I | Buy | 1.44K | — | — |
| 2025-08-02 | Tumminello Peter I | Sell | 1.21K | — | — |
| 2025-08-02 | Slater David | Buy | 51.95K | — | — |
| 2025-08-02 | Slater David | Sell | 23.90K | $105.61 | 2.52M |
| 2025-08-02 | Slater David | Sell | 43.50K | — | — |
| 2025-08-02 | Pickle Elaine M | Buy | 1.44K | — | — |
| 2025-08-02 | Pickle Elaine M | Sell | 1.21K | — | — |
| 2025-08-02 | Jewell Jeffrey A | Buy | 28.86K | — | — |
| 2025-08-02 | Jewell Jeffrey A | Sell | 28.86K | $105.61 | 3.05M |
| 2025-08-02 | Jewell Jeffrey A | Sell | 24.17K | — | — |
| 2025-08-02 | Cox Melissa | Buy | 2.60K | — | — |
| 2025-08-02 | Cox Melissa | Sell | 2.04K | $105.61 | 215.55K |
| 2025-08-02 | Cox Melissa | Sell | 2.25K | — | — |
| 2025-08-02 | Baker Stephen W | Buy | 1.44K | — | — |
| 2025-08-02 | Baker Stephen W | Sell | 1.21K | — | — |
| 2025-08-02 | Wilson Dwayne Andree | Buy | 1.44K | — | — |
| 2025-08-02 | Wilson Dwayne Andree | Sell | 1.21K | — | — |
| 2025-08-02 | Zona Christopher | Buy | 21.65K | — | — |
| 2025-08-02 | Zona Christopher | Sell | 9.91K | $105.61 | 1.05M |
| 2025-08-02 | Zona Christopher | Sell | 18.12K | — | — |
| 2025-08-02 | Ellis Wendy | Buy | 14.43K | — | — |
| 2025-08-02 | Ellis Wendy | Sell | 7.73K | $105.61 | 816.15K |
| 2025-08-02 | Ellis Wendy | Sell | 12.08K | — | — |
| 2025-05-10 | Archon Angela N | Buy | 1.82K | — | — |
| 2025-05-10 | Archon Angela N | Sell | 1.76K | — | — |
| 2025-05-09 | Jewell Jeffrey A | Buy | 65 | $100.15 | 6.51K |
| 2025-05-06 | Wilson Dwayne Andree | Buy | 1.15K | — | — |
| 2025-05-06 | Baker Stephen W | Buy | 1.15K | — | — |
| 2025-05-06 | Tumminello Peter I | Buy | 1.15K | — | — |
| 2025-05-06 | SKAGGS ROBERT C JR | Buy | 1.15K | — | — |
| 2025-05-06 | Pickle Elaine M | Buy | 1.15K | — | — |
| 2025-05-06 | Archon Angela N | Buy | 1.15K | — | — |
| 2025-03-10 | SKAGGS ROBERT C JR | Buy | 1.00K | $86.92 | 86.92K |
| 2025-03-04 | Ellis Wendy | Sell | 8.30K | $92.69 | 769.33K |
| 2025-03-04 | Ellis Wendy | Sell | 10.55K | $93.28 | 984.48K |
| 2025-03-03 | Jewell Jeffrey A | Buy | 170 | $96.69 | 16.44K |
| 2025-02-25 | Ellis Wendy | Buy | 18.21K | — | — |
| 2025-02-25 | Ellis Wendy | Sell | 9.75K | $95.80 | 934.15K |
| 2025-02-25 | Ellis Wendy | Buy | 3.42K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 720, holders +31 vs prior quarter. Ownership 88.38%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 11.40M | 481.90K | +4.41% | 1.67B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 5.78M | -105.33K | -1.79% | 848.00M |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.61M | 42.54K | +0.93% | 676.05M |
| GEODE CAPITAL MANAGEMENT, LLC | 3.40M | 1.09M | +47.19% | 499.20M |
| STATE STREET CORP | 3.38M | 130.70K | +4.03% | 498.45M |
| DEUTSCHE BANK AG\ | 3.03M | -21.99K | -0.72% | 445.28M |
| NEUBERGER BERMAN GROUP LLC | 2.99M | 52.47K | +1.79% | 438.76M |
| TORTOISE CAPITAL ADVISORS, L.L.C. | 2.98M | -31.59K | -1.05% | 436.69M |
| BLACKSTONE INC. | 2.49M | -189.74K | -7.08% | 365.46M |
| DIMENSIONAL FUND ADVISORS LP | 2.27M | -2.60K | -0.11% | 333.73M |
| T. ROWE PRICE INVESTMENT MANAGEMENT, INC. | 2.14M | 115.44K | +5.70% | 314.18M |
| 59 NORTH CAPITAL MANAGEMENT, LP | 1.97M | -647.66K | -24.70% | 289.70M |
| GOLDMAN SACHS GROUP INC | 1.94M | -222.33K | -10.26% | 285.24M |
| CLEARBRIDGE INVESTMENTS, LLC | 1.60M | 1.35M | +555.55% | 234.18M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 1.48M | 932.41K | +171.68% | 232.72M |
| MORGAN STANLEY | 1.16M | 146.22K | +14.41% | 170.39M |
| CAPITAL RESEARCH GLOBAL INVESTORS | 1.15M | 11.25K | +0.99% | 168.49M |
| CITADEL ADVISORS LLC | 1.13M | -213.47K | -15.92% | 165.43M |
| INVESCO LTD. | 1.09M | 96.89K | +9.77% | 159.78M |
| REAVES W H & CO INC | 1.08M | 142.87K | +15.32% | 157.80M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | 1.07M | 6.33K | +0.60% | 156.29M |
| WESTWOOD HOLDINGS GROUP INC | 1.04M | -35.15K | -3.27% | 152.62M |
| MEREWETHER INVESTMENT MANAGEMENT, LP | 946.02K | 111.01K | +13.29% | 138.82M |
| NORTHERN TRUST CORP | 914.50K | 6.25K | +0.69% | 134.19M |
| BANK OF NEW YORK MELLON CORP | 852.77K | -39.58K | -4.44% | 125.14M |
Insights
- Revenue by product
| Period | Value |
|---|---|
| FY2021 | Gathering Segment: 534000000.0, Pipeline Segment: 307000000.0 |
| FY2022 | Gathering Segment: 581000000.0, Pipeline Segment: 339000000.0 |
| FY2023 | Gathering Segment: 545000000.0, Pipeline Segment: 377000000.0 |
| FY2024 | Gathering Segment: 538000000.0, Pipeline Segment: 443000000.0 |
| FY2025 | Gathering Segment: 556000000.0, Pipeline Segment: 687000000.0 |
Insights · Dividends · Forecast · Financials · Learn