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DT Midstream DTM Q2 2025 earnings

Reported July 31, 2025 · Before market open

Revenue$309.0MMiss by $3.3MDiluted EPS$1.04Beat by $0.06
Revenue estimate$312.3M
EPS estimate$0.98

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$324.7M
EPS estimate$1.13

Financials

Q2 2025

Income statement

See full
Revenue$309.0M+26.6%
Operating income$155.0M+19.2%
Net income$107.0M+11.5%
EPS (diluted)$1.04+6.1%

Balance sheet

See full
Cash & equivalents$74.0M+1.4%
Total debt$3.4B+6.5%
Total equity$4.7B+11.3%
Total assets$10.0B+10.8%

Cash flow

See full
Operating cash flow$185.0M+12.1%
CapEx$81.0M0.0%
Free cash flow$104.0M+23.8%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$10.91B+58.3%
Enterprise value$14.23B+42.2%
P/E29×+12.0×
P/S9.8×+2.7×

Profitability

See full
Operating margin48.5%-3.3pp
Net margin33.9%-8.2pp
FCF margin42%+12.4pp

Returns & leverage

See full
Return on equity8.5%-1.3pp
Debt / equity0.7×0.0×
Current ratio0.9×0.0×

Segments

By segment

See full
Pipeline$176.0M+61.5%
Gathering$133.0M-1.5%

Versus estimates

Revenue

Q1 2026$336.0MBeat by $22.4MQ4 2025$317.0MIn lineQ3 2025$314.0MMiss by $6.1M
Q2 2025$309.0MMiss by $3.3M
Q1 2025$303.0MBeat by $12.2MQ4 2024$249.0MMiss by $4.4M

Diluted EPS

Q1 2026$1.27Beat by $0.16Q4 2025$1.08Miss by $0.03Q3 2025$1.13Beat by $0.10
Q2 2025$1.04Beat by $0.06
Q1 2025$1.06Miss by $0.01Q4 2024$0.94Beat by $0.05

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Questions, answered.

When did DT Midstream report Q2 2025 earnings?
DT Midstream (DTM) reported Q2 2025 earnings on July 31, 2025 before market open.
What were DT Midstream's Q2 2025 revenue and EPS?
DT Midstream reported revenue of $309.0M and diluted EPS of $1.04 for Q2 2025.
Did DT Midstream beat estimates in Q2 2025?
Revenue missed the consensus estimate of $312.3M by $3.3M. EPS beat the consensus estimate of $0.98 by $0.06.
How did DT Midstream's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 26.6% from $244.0M a year earlier and diluted EPS grew 6.1% from $0.98.
Where can I find DT Midstream's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001842022-25-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.