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DT Midstream DTM Pipeline — Operation and maintenance

Other segment segments

Gathering
$55M+19.6%

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DINOMidstream — Cost of Goods and Services Sold
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ATORegulated Pipeline — Operating Expenses
$68.21M+7.3%

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$14.62B+40.2%
Enterprise value$17.84B+29.0%
P/E31.6×+3.0×
P/S11.5×+1.5×

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:OtherCostAndExpenseOperating.

The official record: DT Midstream’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DT Midstream's pipeline — operation and maintenance?
DT Midstream (DTM) reported pipeline — operation and maintenance of $35M in Q1 2026.
How has DT Midstream's pipeline — operation and maintenance changed year-over-year?
DT Midstream's pipeline — operation and maintenance increased by 9.4% year-over-year, from $32M to $35M.
What is the long-term trend for DT Midstream's pipeline — operation and maintenance?
Over 4 years (2021 to 2025), DT Midstream's pipeline — operation and maintenance has grown at a 22.8% compound annual growth rate (CAGR), from $59M to $134M.
What does pipeline — operation and maintenance mean?
The ongoing costs to operate and maintain pipeline infrastructure.
How do you interpret pipeline — operation and maintenance?
An increase relative to revenue may signal rising maintenance requirements or inflationary pressures, while a decrease suggests improved operational efficiency.
How does pipeline — operation and maintenance compare across companies?
Standard operating expense category for all midstream pipeline operators.