DT Midstream (NYSE:DTM) Announces Earnings Results, Misses Estimates By $0.08 EPS

DT Midstream (NYSE:DTM) released its earnings results on Thursday. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.08), Briefing.com reports. The firm had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. DT Midstream had a return on equity of 9.61% and a net margin of 35.72%.During the same quarter last year, the business posted $1.04 EPS. DT Midstream updated its FY 2026 guidance to 4.420-4.820 EPS.

Here are the key takeaways from DT Midstream’s conference call:

• DT Midstream reaffirmed its 2026 Adjusted EBITDA guidance and 2027 early outlook, supported by a healthy balance sheet and improved leverage thresholds from Moody’s and Fitch.
• The company reached final investment decisions on approximately $300 million of organic growth projects, including a 200 MMcf/d LEAP expansion, Viking modernization, a 100 MMcf/d Appalachia expansion, and a 380 MMcf/d NEXUS interconnect serving a data center power plant.
• DT Midstream has now commercialized 60% of its $3.4 billion organic project backlog, with more than 80% tied to pipeline projects and supported by long-term contracts.
• Haynesville gathering volumes reached a quarterly record of 2.2 Bcf/d, while management said additional LEAP expansions remain possible as LNG and domestic demand continue to grow.
• Management expects third-quarter results to be below the strong second quarter because of gathering-network maintenance and temporarily lower Northeast volumes, although the full-year outlook remains unchanged.

DT Midstream Price Performance

DTM stock traded up $1.36 during trading on Friday, hitting $138.13. The stock had a trading volume of 1,181,456 shares, compared to its average volume of 711,913. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.71. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. The company’s 50 day moving average price is $143.79 and its two-hundred day moving average price is $137.80. DT Midstream has a 1-year low of $99.81 and a 1-year high of $152.88.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid a $0.88 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.52 annualized dividend and a yield of 2.5%. DT Midstream’s payout ratio is presently 77.88%.

Wall Street Analyst Weigh In

DTM has been the topic of a number of recent analyst reports. Scotiabank started coverage on DT Midstream in a report on Tuesday, May 26th. They set an “outperform” rating and a $176.00 price objective on the stock. Wall Street Zen lowered shares of DT Midstream from a “hold” rating to a “sell” rating in a research report on Saturday. The Goldman Sachs Group boosted their price target on DT Midstream from $111.00 to $127.00 and gave the stock a “sell” rating in a research note on Monday, April 20th. Jefferies Financial Group set a $155.00 price objective on DT Midstream in a research note on Friday. Finally, Mizuho lowered their target price on DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $154.08.

More DT Midstream News

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

• Positive Sentiment: DT Midstream reported second-quarter adjusted EBITDA of $305 million and revenue of $332.57 million, exceeding analysts’ $325.84 million estimate. Net income was $112 million, or $1.09 per diluted share, up from $1.04 a year earlier. DT Midstream Reports Strong Second Quarter 2026 Results
• Positive Sentiment: The company declared a quarterly dividend of $0.88 per share, equivalent to approximately $3.52 annually and a 2.6% yield. Investors of record on September 21 will receive payment on October 15.
• Positive Sentiment: US Capital Advisors modestly raised its long-term EPS forecasts to $5.24 for fiscal 2027 and $5.55 for fiscal 2028, indicating expectations for continued earnings growth beyond 2026.
• Neutral Sentiment: Mizuho lowered its price target from $153 to $147 and assigned a “neutral” rating. The revised target still implies upside from the reported $138.13 share price, but the reduction signals less near-term appreciation potential.
• Negative Sentiment: Quarterly EPS of $1.09 fell short of the $1.17 consensus estimate by $0.08, despite the revenue beat. This earnings shortfall may weigh on the stock’s valuation.
• Negative Sentiment: Fiscal 2026 EPS guidance of $4.42–$4.82 has a midpoint of $4.62, below the approximately $4.78 analyst consensus, suggesting limited near-term earnings upside.

Hedge Funds Weigh In On DT Midstream

Institutional investors have recently modified their holdings of the company. Invesco Ltd. grew its stake in DT Midstream by 4.7% in the 4th quarter. Invesco Ltd. now owns 1,045,754 shares of the company’s stock worth $125,156,000 after acquiring an additional 47,030 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of DT Midstream by 16.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,802 shares of the company’s stock worth $1,891,000 after purchasing an additional 2,249 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of DT Midstream in the fourth quarter valued at $318,000. First Citizens Bank & Trust Co. increased its stake in DT Midstream by 2.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 14,454 shares of the company’s stock valued at $1,730,000 after purchasing an additional 310 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in DT Midstream by 5.7% during the fourth quarter. NewEdge Advisors LLC now owns 13,891 shares of the company’s stock worth $1,662,000 after buying an additional 748 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

DT Midstream Company Profile

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.