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DT Midstream DTM Operating Income

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Other financials

Income statement

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Revenue$336.0M+10.9%
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:OperatingIncomeLoss.

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 operating income?
DT Midstream (DTM) reported operating income of $166M in Q1 2026.
How has DT Midstream's operating income changed year-over-year?
DT Midstream's operating income increased by 12.2% year-over-year, from $148M to $166M.
What is the long-term trend for DT Midstream's operating income?
Over 4 years (2021 to 2025), DT Midstream's operating income has grown at a 11.2% compound annual growth rate (CAGR), from $402M to $614M.
What does operating income mean?
The profit earned from core business operations before interest and taxes.
How do you interpret operating income?
An increase indicates improved margins or higher throughput, while a decrease signals rising costs or declining operational performance.
How does operating income compare across companies?
A primary metric for comparing operational health across midstream companies; peers with higher margins are generally viewed as more efficient.