DT Midstream, Inc. (DTM) Stock Price & Analysis
DT Midstream, Inc. (DTM) closed at USD 123.4 on Thursday, October 22, 2026, down 0.87% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 124.48; the Oct 22, 2026 session ranged USD 119.83–124.74 on volume of 951,420 shares. Market capitalization is $12.59B, with a 52-week range of USD 104.99–152.88 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DTM.md
Key facts (DTM)
- Last four reported quarters (through Jun 30, 2026): revenue $1.31B, net income $468M (35.7% margin), free cash flow $480M (SEC filings).
- Valuation: P/E 26.9x (avg 23.1x at the last 3 fiscal year-ends), EV/EBITDA 17.1x, net debt $3.15B.
- Analysts: Buy (mean 2.27 on a 1–5 scale) (15 analysts), mean target USD 151.07 (range 121–170).
- Total return with dividends: 1Y +19.6% vs S&P 500 +14.9%; 5Y +205.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.07, revenue estimate $334M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DTM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $840M | $920M | $922M | $981M | $1.24B | $1.31B |
| Operating income | $402M | $478M | $471M | $489M | $614M | $650M |
| Net income | $307M | $370M | $384M | $354M | $441M | $468M |
| EPS (diluted) | $3.16 | $3.81 | $3.94 | $3.60 | $4.30 | — |
| Free cash flow | $432M | $387M | $26.0M | $413M | $441M | $480M |
| Operating margin | 47.9% | 52.0% | 51.1% | 49.8% | 49.4% | 49.6% |
| Net margin | 36.5% | 40.2% | 41.6% | 36.1% | 35.5% | 35.7% |
| Revenue growth | +11.4% | +9.5% | +0.2% | +6.4% | +26.7% | — |
| Cash + short-term investments | $132M | $61.0M | $56.0M | $68.0M | $54.0M | — |
| Total debt | $3.05B | $3.06B | $3.23B | $3.47B | $3.32B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DTM)
P/E 26.9x · P/S 9.6x · EV/EBITDA 17.1x · EV/Sales 12.0x · P/FCF 26.2x · P/B 2.6x · FCF yield 3.81% · Earnings yield 3.72% · Dividend yield (paid, TTM) 2.68% · Net debt $3.15B · EV $15.7B
P/E at fiscal year-ends: Dec 2025 27.8x, Dec 2024 27.6x, Dec 2023 13.9x.
Analysts (DTM)
Consensus Buy (mean 2.27 on a 1–5 scale), 15 analysts; mean target USD 151.07 (low 121, high 170).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Morgan Stanley | Target lowered | Overweight | $170 → $164 |
| 2026-10-06 | Barclays | Target lowered | Equal-Weight | $143 → $142 |
| 2026-09-16 | Jefferies | Target lowered | Buy | $155 → $145 |
| 2026-09-10 | Scotiabank | Target lowered | Sector Outperform | $176 → $168 |
| 2026-09-10 | Morgan Stanley | Upgrade | Equal-Weight → Overweight | $170 |
| 2026-08-26 | Wolfe Research | Upgrade | Peer Perform → Outperform | $145 |
| 2026-07-31 | Mizuho | Target lowered | Neutral | $153 → $147 |
| 2026-07-16 | Jefferies | Target raised | Buy | $164 → $170 |
| 2026-07-08 | JP Morgan | Target raised | Neutral | $146 → $154 |
Total return (dividends reinvested) (DTM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +19.6% | +205.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +19.6% | +24.9% |
| Volatility (annualized) | 22.1% | 23.9% |
| Max drawdown | -20.6% (Jun 2026→Oct 2026) | -21.9% (Oct 2022→May 2023) |
DTM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.07 | $1.13 | -5.2% | $334.4M | 7 |
| Next quarter (ends Dec 2026) | $1.17 | $1.21 | -3.5% | $344.5M | 7 |
| Current fiscal year (ends Dec 2026) | $4.64 | $4.80 | -3.3% | $1.36B | 9 |
| Next fiscal year (ends Dec 2027) | $4.85 | $4.99 | -2.7% | $1.42B | 9 |
Key Statistics (as of October 23, 2026 at 10:12 UTC)
| Price | USD 123.4 |
|---|---|
| Change | ▼ 0.87% (down) |
| Previous Close | USD 124.48 |
| Open | USD 124.5 |
| Day Range | USD 119.83 – 124.74 |
| 52-Week Range | USD 104.99 – 152.88 |
| Volume | 951,420 shares |
| Market Cap | $12.59B |
| Exchange | NYQ |
Technical Analysis (DTM)
Nexqual's technical model rates DTM "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 10:12 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 47.38 (neutral) |
| vs SMA50 | Below (USD 126.59) |
| MACD | -0.93 (negative) |
Analyst Ratings (DTM)
Wall Street analysts rate DTM "Buy" based on 15 analysts, with a mean price target of USD 151.07 (range USD 121–170), per Nexqual as of October 23, 2026 at 10:12 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 15 |
| Mean Target | USD 151.07 |
| High Target | USD 170 |
| Low Target | USD 121 |
| Buy / Hold / Sell | 9 / 5 / 1 |
Earnings (DTM)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 1.07 |
| Revenue Estimate | $334.39M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.09 vs est 1.15 ▼ miss |
| 2026-03-31 | USD 1.27 vs est 1.13 ▲ beat |
| 2025-12-31 | USD 1.08 vs est 1.15 ▼ miss |
| 2025-09-30 | USD 1.13 vs est 1.04 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financials & Fundamentals (DTM)
| Total Revenue | $1.31B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +11.00% |
| Gross Margin | +75.34% |
| Operating Margin | +50.44% |
| Profit Margin | +35.72% |
| ROE | +9.90% |
| Debt / Equity | 0.69 |
| Current Ratio | 1.37 |
| Total Cash | $172.00M |
| Total Debt | $3.37B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $480.00M (36.6% of revenue) |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financial Health Score (DTM)
Nexqual rates DT Midstream, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:12 UTC.
| Growth | Strong — Revenue +27% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 75%, operating 50% (last 12 months) |
| Balance Sheet | Solid — $172M cash and investments vs $3.33B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $480M (last 4 quarters to Jun 2026, SEC), 37% margin |
| Efficiency | Mixed — ROE 10%, ROA 4.0% |
Ownership (DTM)
| Insider Ownership | +0.57% |
|---|---|
| Institutional Ownership | +90.22% |
| Shares Outstanding | 102.02M |
| Float | 101.32M |
| Short % of Float | +8.05% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Leadership (DTM)
DT Midstream, Inc. is led by David J. Slater, CEO & Executive Chairman, per Nexqual as of October 23, 2026 at 10:12 UTC.
| CEO & Executive Chairman | David J. Slater |
|---|---|
| COO & President | Christopher Zona |
| Executive VP & CFO | Jeffrey A. Jewell |
| Independent Director | Robert C. Skaggs |
| Director of Investor Relations | Todd Lohrmann |
Major Backers & Investors (DTM)
Notable institutional backers of DT Midstream, Inc. include Neuberger Berman Group, LLC, Tortoise Capital Advisors, LLC, Blackstone Inc, according to Nexqual as of October 23, 2026 at 10:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Neuberger Berman Group, LLC | 2.93% |
| Tortoise Capital Advisors, LLC | 2.92% |
| Blackstone Inc | 2.44% |
| Mnged PORT. Series-Tortoise Energy Infrastructure Total Return Fd. | 1.71% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.17% |
| Vanguard Group | 10.18% |
| Geode Capital | 3.33% |
| State Street | 3.31% |
| Deutsche Bank AG | 2.97% |
| Dimensional Fund Advisors | 2.23% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| FRO | Frontline Plc | USD 51.22 | ▼ 0.14% |
| AM | Antero Midstream Corporation | USD 20.61 | ▼ 0.67% |
| VNOM | Viper Energy, Inc. | USD 45.35 | ▼ 0.72% |
| KNTK | Kinetik Holdings Inc. | USD 54.64 | ▼ 1.89% |
| PAA | Plains All American Pipeline, L | USD 25.9 | ▲ 0.04% |
| WES | Western Midstream Partners, LP | USD 44.46 | ▼ 0.27% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:12 UTC. This page is informational and not investment advice.
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