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DT Midstream DTM Pipeline — CapEx

Other segment segments

Gathering
$44M-6.4%

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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:SegmentExpenditureAdditionToLongLivedAssets.

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
Earnings from equity method investees(43)(43)(43)
Income tax expense3063636
Less: Net Income Attributable to Noncontrolling Interests444
Net Income Attributable to DT Midstream$108$22$130$130
Capital expenditures$34$44$78$78
March 31, 2026
Investments in equity method investees$1,245$1,245$1,245
Total Assets$5,351$4,804$10,155$10,155

Item 1. Financial Statements

FAQ

What is DT Midstream's pipeline — capex?
DT Midstream (DTM) reported pipeline — capex of $34M in Q1 2026.
How has DT Midstream's pipeline — capex changed year-over-year?
DT Midstream's pipeline — capex increased by 41.7% year-over-year, from $24M to $34M.
What is the long-term trend for DT Midstream's pipeline — capex?
Over 3 years (2022 to 2025), DT Midstream's pipeline — capex has grown at a -34.9% compound annual growth rate (CAGR), from $638M to $176M.
What does pipeline — capex mean?
The cash outflows used by the pipeline segment to acquire, upgrade, or maintain physical assets such as pipelines, compression stations, and storage facilities. This reflects the company's investment in long-term infrastructure growth and maintenance.

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