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DT Midstream DTM Pipeline — Operating revenues

Other segment segments

Gathering
$156M+16.4%

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$51.15M+2.3%

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:Revenues.

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 itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Pipeline (a)$185$169
Gathering156134
Elimination of inter-segment revenue(5)
Total Operating revenues$336$303

Item 1. Financial Statements

FAQ

What is DT Midstream's pipeline — operating revenues?
DT Midstream (DTM) reported pipeline — operating revenues of $185M in Q1 2026.
How has DT Midstream's pipeline — operating revenues changed year-over-year?
DT Midstream's pipeline — operating revenues increased by 9.5% year-over-year, from $169M to $185M.
What is the long-term trend for DT Midstream's pipeline — operating revenues?
Over 4 years (2021 to 2025), DT Midstream's pipeline — operating revenues has grown at a 22.3% compound annual growth rate (CAGR), from $307M to $687M.
What does pipeline — operating revenues mean?
Represents the total gross revenue generated by the pipeline segment from the transportation, storage, and handling of natural gas. This metric reflects the core commercial activity and market demand for the segment's infrastructure assets.

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