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DT Midstream DTM Pipeline — Income outside scope of ASC 606

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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:OperatingLeaseLeaseIncome.

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

(a) Includes revenues outside the scope of ASC 606 primarily related to contracts accounted for as leases of $19 million and $21 million for the three months ended March 31, 2026 and 2025, respectively.

Item 1. Financial Statements

FAQ

What is DT Midstream's pipeline — income outside scope of ASC 606?
DT Midstream (DTM) reported pipeline — income outside scope of ASC 606 of $19M in Q1 2026.
How has DT Midstream's pipeline — income outside scope of ASC 606 changed year-over-year?
DT Midstream's pipeline — income outside scope of ASC 606 decreased by 9.5% year-over-year, from $21M to $19M.
What is the long-term trend for DT Midstream's pipeline — income outside scope of ASC 606?
Over 4 years (2021 to 2025), DT Midstream's pipeline — income outside scope of ASC 606 has grown at a 71.0% compound annual growth rate (CAGR), from $9M to $77M.
What does pipeline — income outside scope of ASC 606 mean?
Captures revenue or income streams derived from pipeline operations that fall outside standard revenue recognition accounting standards, such as certain lease arrangements or specific regulatory agreements. It highlights non-standard contractual income that may not follow typical customer contract revenue patterns.

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