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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$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:OperatingIncomeLoss.

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
Depreciation and amortization6963
Taxes other than income1514
Asset losses and impairments, net1
Operating Income166148
Other (Income) and Deductions
Interest expense4040
Interest income(1)(1)
Earnings from equity method investees(43)(37)

Item 1. Financial Statements

FAQ

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?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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