SequelSEC

DT Midstream, Inc. DTM

Natural Gas Transmission · CIK 0001842022 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$1.24B
Fiscal year ended 2025-12-31
Operating income
$614.00M
Fiscal year ended 2025-12-31
Free cash flow
$441.00M
Fiscal year ended 2025-12-31

DT Midstream, Inc. (DTM) reported revenue of $1.24B and net income of $441.00M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from DT Midstream, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Natural Gas Transmission.

Income

DT Midstream, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$1.24B$981.00M$922.00M$920.00M$840.00M$754.00M$504.00M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income$614.00M$489.00M$471.00M$478.00M$402.00M$414.00M$261.00M
Net income$441.00M$354.00M$384.00M$370.00M$307.00M$312.00M$204.00M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 102.50Mshares 98.40Mshares 97.50Mshares 97.20Mshares 96.90Mshares 96.70Mshares 96.70M
Pretax income$598.00M$504.00M$500.00M$482.00M$422.00M$440.00M$292.00M
Income tax expense$144.00M$137.00M$104.00M$100.00M$104.00M$116.00M$72.00M
Diluted EPS$4.30$3.60$3.94$3.81$3.16$3.23$2.11
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

DT Midstream, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$54.00M$68.00M$56.00M$61.00M$132.00M$42.00MUnavailable
Total assets$10.08B$9.94B$8.98B$8.83B$8.17B$8.34B$7.79B
Current assets$318.00M$310.00M$272.00M$262.00M$360.00M$483.00MUnavailable
Total liabilities$5.20B$5.17B$4.70B$4.68B$4.14B$4.11BUnavailable
Current liabilities$296.00M$426.00M$434.00M$614.00M$177.00M$3.29BUnavailable
Total equity incl. NCI$4.88B$4.77B$4.28B$4.15B$4.02B$4.23B$3.72B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$186.00M$172.00M$154.00M$161.00M$169.00M$123.00MUnavailable
Goodwill$781.00M$776.00M$473.00M$473.00M$473.00M$473.00M$471.00M
Long-term debt$3.32B$3.32B$3.06B$3.06B$3.04B$0Unavailable
Accounts payable$65.00M$77.00M$94.00M$119.00M$22.00M$29.00MUnavailable

Cash flow

DT Midstream, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$867.00M$763.00M$798.00M$725.00M$572.00M$597.00M$390.00M
Capital expenditures$426.00M$350.00M$772.00M$338.00M$140.00M$518.00M$211.00M
Investing cash flow-$372.00M-$1.08B-$351.00M-$854.00M$123.00M-$714.00M-$2.56B
Financing cash flow-$509.00M$330.00M-$452.00M$58.00M-$605.00M$113.00M$2.19B
Net change in cash-$14.00M$12.00M-$5.00M-$71.00M$90.00M-$4.00M$20.00M
Stock-based compensation$26.00M$23.00M$20.00M$17.00M$12.00M$6.00MUnavailable
Common dividends paid$324.00M$280.00M$263.00M$244.00M$58.00M$0$0
Common share repurchasesUnavailableUnavailable$0$3.00M$0$0Unavailable
Depreciation & amortization$258.00M$209.00M$182.00M$170.00M$166.00M$152.00M$93.00M

Derived

DT Midstream, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow$441.00M$413.00M$26.00M$387.00M$432.00M$79.00M$179.00M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin49.4%49.8%51.1%52.0%47.9%54.9%51.8%
FCF margin35.5%42.1%2.8%42.1%51.4%10.5%35.5%
SBC / revenue2.1%2.3%2.2%1.8%1.4%0.8%Unavailable
Current ratio1.07x0.73x0.63x0.43x2.03x0.15xUnavailable
Revenue YoY growth26.7%6.4%0.2%9.5%11.4%49.6%Unavailable
Net margin35.5%36.1%41.6%40.2%36.5%41.4%40.5%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue34.3%35.7%83.7%36.7%16.7%68.7%41.9%
Long-term debt / equity0.68xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate24.1%27.2%20.8%20.7%24.6%26.4%24.7%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open DTM in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-02-19View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-07-31View SEC filing
10-Q · Filed 2025-04-30View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.