DTM
$121.00+0.77%
as of close, Oct 2, 2026
☾ AH $121.00 +0.77%
DT Midstream Inc. Common StockStock · UtilitiesRussell 1000 0.02%US Stock Market 0.02%Russell 3000 0.02%
DTM financial statements
The full income statement, balance sheet, and cash-flow statement for DT Midstream Inc. Common Stock (DTM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 97.1M2024-09 97.2M2024-12 101.4M2025-03 101.6M2025-06 101.6M2025-09 101.7M2025-12 101.7M2026-03 102.0M2026-06 102.0M+5.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.24B+26.7% | 981M+6.4% | 922M+0.2% | 920M+9.5% | 840M+11.4% | ||
| Lease income | 78.0M+766.7% | 9.00M+28.6% | 7.00M-30.0% | 10.0M+11.1% | 9.00M+0.0% | |
| Amortization of intangibles | 60.0M+5.3% | 57.0M+0.0% | 57.0M+0.0% | 57.0M-1.7% | 58.0M+5.5% | |
| Provision for credit losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00+100.0% | |
| Operating income | 614M+25.6% | 489M+3.8% | 471M-1.5% | 478M+18.9% | 402M-2.9% | |
| Interest expense | 161M+5.2% | 153M+2.0% | 150M+9.5% | 137M+22.3% | 112M-0.9% | |
| Interest & investment income | 2.00M-71.4% | 7.00M+600.0% | 1.00M-66.7% | 3.00M-25.0% | 4.00M-55.6% | |
| Other non-operating income | 5.00M+25.0% | 4.00M+300.0% | 1.00M+0.0% | 1.00M-50.0% | 2.00M-90.9% | |
| Equity-method income | 138M-14.8% | 162M-8.5% | 177M+18.0% | 150M+19.0% | 126M+16.7% | |
| Pre-tax income | 598M+18.7% | 504M+0.8% | 500M+3.7% | 482M+14.2% | 422M-4.1% | |
| Income tax | 144M+5.1% | 137M+31.7% | 104M+4.0% | 100M-3.8% | 104M-10.3% | |
| 441M+24.6% | 354M-7.8% | 384M+3.8% | 370M+20.5% | 307M-5.2% | ||
| Net income to non-controlling interest | 13.0M+0.0% | 13.0M+8.3% | 12.0M+0.0% | 12.0M+9.1% | 11.0M-8.3% | |
| $4.30+19.4% | $3.60-8.6% | $3.94+3.4% | $3.81+20.6% | $3.16-2.2% | ||
| EPS (basic) | $4.34+19.6% | $3.63-8.6% | $3.97+3.7% | $3.83+20.8% | $3.17-1.9% | |
| Weighted-avg shares (basic) | 102M+4.1% | 97.6M+0.7% | 96.9M+0.2% | 96.7M+0.0% | 96.7M+0.0% | |
| Weighted-avg shares (diluted) | 103M+4.2% | 98.4M+0.9% | 97.5M+0.3% | 97.2M+0.3% | 96.9M+0.2% | |
| Dividends per share | $3.28+11.6% | $2.94+6.5% | $2.76+7.8% | $2.56+113.3% | $1.20 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 318M+2.6% | 310M+14.0% | 272M+3.8% | 262M-27.2% | 360M-25.5% | ||
| Cash & equivalents | 54.0M-20.6% | 68.0M+21.4% | 56.0M-8.2% | 61.0M-53.8% | 132M+214.3% | |
| Accounts receivable | 186M+8.1% | 172M+11.7% | 154M-4.3% | 161M-4.7% | 169M+37.4% | |
| Prepaid expenses | 36.0M+24.1% | 29.0M+81.3% | 16.0M-11.1% | 18.0M | — | |
| Other current assets | — | — | — | 18.0M-28.0% | 25.0M+47.1% | |
| 10.1B+1.5% | 9.94B+10.6% | 8.98B+1.7% | 8.83B+8.2% | 8.17B-2.1% | ||
| Property, plant & equipment | 5.77B+4.3% | 5.53B+24.7% | 4.43B+16.5% | 3.81B+9.1% | 3.49B+0.6% | |
| Operating lease right-of-use | 46.0M-6.1% | 49.0M+28.9% | 38.0M+22.6% | 31.0M-13.9% | 36.0M-20.0% | |
| Goodwill | 781M+0.6% | 776M+64.1% | 473M+0.0% | 473M+0.0% | 473M+0.0% | |
| Intangible assets | 1.86B-3.1% | 1.92B-2.4% | 1.97B-2.8% | 2.02B-2.7% | 2.08B-2.7% | |
| Other non-current assets | 2.74B-2.1% | 2.80B+11.4% | 2.51B-2.0% | 2.56B-2.3% | 2.63B-2.7% | |
| 296M-30.5% | 426M-1.8% | 434M-29.3% | 614M+246.9% | 177M-94.6% | ||
| Accounts payable | 65.0M-15.6% | 77.0M-18.1% | 94.0M-21.0% | 119M+440.9% | 22.0M-24.1% | |
| Deferred revenue | 25.0M+38.9% | 18.0M+0.0% | 18.0M+350.0% | 4.00M | — | |
| Short-term & current debt | 0.00-100.0% | 150M-9.1% | 165M | 0.00-100.0% | 10.0M | |
| Current lease liability | 16.0M+0.0% | 16.0M+23.1% | 13.0M-18.8% | 16.0M+0.0% | 16.0M-5.9% | |
| Other current liabilities | 23.0M+35.3% | 17.0M+13.3% | 15.0M-37.5% | 24.0M-7.7% | 26.0M-21.2% | |
| 5.20B+0.6% | 5.17B+9.9% | 4.70B+0.5% | 4.68B+12.9% | 4.14B+0.8% | ||
| Long-term debt | 3.32B+0.2% | 3.32B+8.3% | 3.06B+0.2% | 3.06B+0.8% | 3.04B | |
| Deferred revenue (non-current) | 160M+18.5% | 135M+21.6% | 111M+296.4% | 28.0M | — | |
| Non-current lease liability | 32.0M-11.1% | 36.0M+33.3% | 27.0M+42.1% | 19.0M-9.5% | 21.0M-25.0% | |
| Operating lease liability (total) | 48.0M-7.7% | 52.0M+30.0% | 40.0M+14.3% | 35.0M-5.4% | 37.0M | |
| Deferred tax liabilities | 1.27B+12.5% | 1.13B+9.5% | 1.03B+11.7% | 923M+7.8% | 856M+15.2% | |
| Other non-current liabilities | 1.58B+11.1% | 1.42B+18.4% | 1.20B+19.6% | 1.01B+7.9% | 932M+12.8% | |
| 4.74B+2.4% | 4.63B+11.8% | 4.14B+3.3% | 4.01B+3.5% | 3.87B-8.4% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M | |
| Additional paid-in capital | 3.92B+0.1% | 3.91B+12.2% | 3.48B+0.5% | 3.47B+0.6% | 3.45B | |
| Retained earnings | 827M+14.4% | 723M+9.4% | 661M+20.8% | 547M+26.9% | 431M-42.6% | |
| Accumulated other comprehensive income | -7.00M+12.5% | -8.00M+0.0% | -8.00M+20.0% | -10.0M+0.0% | -10.0M+9.1% | |
| Non-controlling interest | 142M+2.2% | 139M-1.4% | 141M-4.1% | 147M-1.3% | 149M | |
| Total equity incl. non-controlling | 4.88B+2.3% | 4.77B+11.4% | 4.28B+3.0% | 4.15B+3.3% | 4.02B-4.9% | |
| Total liabilities & equity | 10.1B+1.5% | 9.94B+10.6% | 8.98B+1.7% | 8.83B+8.2% | 8.17B-2.1% | |
| Common shares issued | 102M+0.3% | 101M+4.5% | 97.0M+0.2% | 96.8M+0.0% | 96.7M | |
| Common shares outstanding | 102M+0.3% | 101M+4.5% | 97.0M+0.2% | 96.8M+0.0% | 96.7M | |
| Shares outstanding (cover) | 102M+0.4% | 101M+4.5% | 97.0M+0.1% | 96.9M+0.2% | 96.7M | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 867M+13.6% | 763M-4.4% | 798M+10.1% | 725M+26.7% | 572M-4.2% | ||
| Depreciation & amortization | 258M+23.4% | 209M+14.8% | 182M+7.1% | 170M+2.4% | 166M+9.2% | |
| Intangible amortization | 60.0M+5.3% | 57.0M+0.0% | 57.0M+0.0% | 57.0M-1.7% | 58.0M+5.5% | |
| Share-based compensation | 26.0M+13.0% | 23.0M+15.0% | 20.0M+17.6% | 17.0M+41.7% | 12.0M+100.0% | |
| Deferred income taxes | 137M+14.2% | 120M+9.1% | 110M+57.1% | 70.0M-32.7% | 104M-6.3% | |
| Change in receivables | 24.0M+318.2% | -11.0M-57.1% | -7.00M+12.5% | -8.00M-118.6% | 43.0M+168.8% | |
| -372M+65.6% | -1.08B-208.0% | -351M+58.9% | -854M-794.3% | 123M+117.2% | ||
| Capital expenditure | 426M+21.7% | 350M-54.7% | 772M+128.4% | 338M+141.4% | 140M-73.0% | |
| Free cash flow | 441M+6.8% | 413M+1488.5% | 26.0M-93.3% | 387M-10.4% | 432M+446.8% | |
| Acquisitions | -10.0M-100.8% | 1.20B | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 0.00 | 0.00+100.0% | -1.00M+50.0% | -2.00M+0.0% | -2.00M | |
| -509M-254.2% | 330M+173.0% | -452M-879.3% | 58.0M+109.6% | -605M-635.4% | ||
| Long-term debt issued | 0.00-100.0% | 644M | 0.00-100.0% | 591M-80.6% | 3.05B | |
| Long-term debt repaid | 0.00-100.0% | 399M | 0.00-100.0% | 596M+11820.0% | 5.00M | |
| Common stock issued | 0.00-100.0% | 406M | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00-100.0% | 3.00M | 0.00 | |
| Dividends paid | 324M+15.7% | 280M+6.5% | 263M+7.8% | 244M+320.7% | 58.0M | |
| Other financing activities | -25.0M-316.7% | -6.00M+0.0% | -6.00M+0.0% | -6.00M | 0.00 | |
| Net change in cash | -14.0M-216.7% | 12.0M+340.0% | -5.00M+93.0% | -71.0M-178.9% | 90.0M+2350.0% | |
| Interest paid | 152M+8.6% | 140M+0.0% | 140M+12.0% | 125M+21.4% | 103M-8.8% | |
| Income taxes paid | 5.00M-58.3% | 12.0M-45.5% | 22.0M-8.3% | 24.0M+700.0% | 3.00M+0.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 12.2B+20.8% | 10.1B+89.7% | 5.31B-0.6% | 5.35B+15.2% | 4.64B | |
| P/E | 27.6×-3.0% | 28.5×+86.4% | 15.3×+6.2% | 14.4×-4.9% | 15.1× | |
| P/S | 9.8×-4.7% | 10.3×+78.1% | 5.8×-2.9% | 5.9×+7.5% | 5.5× | |
| P/B | 2.6×+18.0% | 2.2×+67.2% | 1.3×-3.1% | 1.3×+12.1% | 1.2× | |
| P/FCF | 27.6×+13.1% | 24.4× | — | 11.5×+7.0% | 10.7× | |
| Earnings yield | 3.6%+3.1% | 3.5%-46.4% | 6.5%-5.9% | 7.0%+5.2% | 6.6% | |
| FCF yield | 3.6%-11.6% | 4.1% | — | 8.7%-6.6% | 9.3% | |
| Dividend yield | 2.7%-7.3% | 3.0%-41.3% | 5.0%+8.7% | 4.6%+85.2% | 2.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: DTM’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DTM filings on SEC EDGAR → Not investment advice.