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DT Midstream DTM Gathering — CapEx

Other segment segments

Pipeline
$34M+41.7%

Similar metrics at other companies

EQT Corporation logo
EQTGathering — Total capital expenditures
$91.45M+26.8%
Antero Midstream Corporation logo
AMGathering And Compression — Capital Expenditures For Segment Property And Equipment
$19.44M-12.0%
Antero Resources logo
ARGathering And Compression — CapEx
$106.97M+16.8%
EQT Corporation logo
EQTGathering — Total Assets
$8.71B+5.9%
EQT Corporation logo
EQTGathering — Oil and gas producing properties
$35M+40.0%
EQT Corporation logo
EQTGathering — Production
$0

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$14.62B+40.2%
Enterprise value$17.84B+29.0%
P/E31.6×+3.0×
P/S11.5×+1.5×

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:SegmentExpenditureAdditionToLongLivedAssets.

The official record: DT Midstream’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DT Midstream's gathering — capex?
DT Midstream (DTM) reported gathering — capex of $44M in Q1 2026.
How has DT Midstream's gathering — capex changed year-over-year?
DT Midstream's gathering — capex decreased by 6.4% year-over-year, from $47M to $44M.
What is the long-term trend for DT Midstream's gathering — capex?
Over 3 years (2022 to 2025), DT Midstream's gathering — capex has grown at a -0.3% compound annual growth rate (CAGR), from $252M to $250M.
What does gathering — capex mean?
The amount spent on building or maintaining gathering infrastructure assets.
How do you interpret gathering — capex?
High spending may signal growth initiatives or necessary maintenance, while low spending may indicate a focus on cash flow generation over expansion.
How does gathering — capex compare across companies?
Capital intensity varies significantly based on the growth phase of the gathering system compared to industry peers.