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DT Midstream DTM Acquisitions

Acquisitions at other companies

Williams Companies logo
Williams CompaniesWMB
$1M-99.9%
Kinder Morgan logo
Kinder MorganKMI
$503M
Diversified Energy logo
Diversified EnergyDEC
$0
Oneok logo
OneokOKE
$183M+123%
Energy Transfer logo
Energy TransferET
$0
EQT Corporation logo
EQT CorporationEQT
$0-100%

Other financials

Income statement

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Revenue$336.0M+10.9%
Operating income$166.0M+12.2%
Net income$130.0M+20.4%
EPS (diluted)$1.27+19.8%

Balance sheet

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Cash & equivalents$150.0M+80.7%
Total debt$3.4B-1.8%
Total equity$4.8B+2.4%
Total assets$10.2B+0.7%

Cash flow

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Operating cash flow$280.0M+13.4%
CapEx$78.0M+9.9%
Free cash flow$202.0M+14.8%

Valuation

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Market cap$13.58B+28.1%
Enterprise value$16.8B+20.6%
P/E29.3×+1.1×
P/S10.6×+1.1×

Profitability

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Operating margin49.5%+0.4pp
Net margin36.3%+1.3pp
FCF margin36.6%-6.1pp

Returns & leverage

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Return on equity9.9%+1.6pp
Debt / equity0.7×0.0×
Current ratio1.3×+0.4×

Where this comes from

Reported directly by DT Midstream in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: DT Midstream’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 4:54 PM EST
Fiscal year
FY2025
Accession
0001842022-26-000003
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Net cash and cash equivalents from operating activities867763798
Investing Activities
Plant and equipment expenditures(426)(350)(772)
Acquisition accounted for as a business combination (and purchase price adjustment)10(1,198)
Distributions from equity method investees49472427
Contributions to equity method investees(5)(5)(7)
Other investing activities1
Net cash and cash equivalents used for investing activities(372)(1,081)(351)

Item 8. Financial Statements

FAQ

What is DT Midstream's acquisitions?
DT Midstream (DTM) reported acquisitions of -$2.5M in Q4 2025.
How has DT Midstream's acquisitions changed year-over-year?
DT Midstream's acquisitions decreased by 100.8% year-over-year, from $299.5M to -$2.5M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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