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DT Midstream DTM Gathering — D&A

Other segment segments

Pipeline
$29M+3.6%

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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:DepreciationAndAmortization.

The source filing: DT Midstream’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 2:32 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001842022-26-000006
Line itemPipelineGatheringTotal Reportable SegmentsEliminationsTotal Consolidated
Operating revenues$185$156$341$(5)$336
Operating Expenses
Operation and maintenance355590(5)85
Depreciation and amortization29406969
Taxes other than income961515
Asset (gains) losses and impairments, net111
Other (Income) and Deductions
Interest expense14264040

Item 1. Financial Statements

FAQ

What is DT Midstream's gathering — D&A?
DT Midstream (DTM) reported gathering — D&A of $40M in Q1 2026.
How has DT Midstream's gathering — D&A changed year-over-year?
DT Midstream's gathering — D&A increased by 14.3% year-over-year, from $35M to $40M.
What is the long-term trend for DT Midstream's gathering — D&A?
Over 4 years (2021 to 2025), DT Midstream's gathering — D&A has grown at a 9.3% compound annual growth rate (CAGR), from $103M to $147M.
What does gathering — D&A mean?
Represents the systematic allocation of the cost of tangible gathering infrastructure and intangible assets over their estimated useful lives. This non-cash expense reflects the wear and tear and obsolescence of the physical gathering network.

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