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DT Midstream DTM Pipeline — Goodwill

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Gathering
$420M0.0%

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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:Goodwill.

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 itemMarch 31, 2026December 31, 2025
Pipeline$361$361
Gathering420420
Total Goodwill$781$781

Item 1. Financial Statements

FAQ

What is DT Midstream's pipeline — goodwill?
DT Midstream (DTM) reported pipeline — goodwill of $361M in Q1 2026.
How has DT Midstream's pipeline — goodwill changed year-over-year?
DT Midstream's pipeline — goodwill increased by 1.4% year-over-year, from $356M to $361M.
What is the long-term trend for DT Midstream's pipeline — goodwill?
Over 2 years (2023 to 2025), DT Midstream's pipeline — goodwill has grown at a 160.5% compound annual growth rate (CAGR), from $212M to $1.44B.
What does pipeline — goodwill mean?
Represents the intangible asset value recorded when the purchase price of a pipeline business acquisition exceeds the fair value of its identifiable net assets. It reflects the premium paid for expected synergies, market position, and future growth potential of the acquired pipeline assets.

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