Earnings summaries and quarterly performance for DT Midstream.
Executive leadership at DT Midstream.
David Slater
Detailed
President and Chief Executive Officer
CEO
CZ
Christopher Zona
Detailed
Executive Vice President and Chief Operating Officer
JJ
Jeffrey Jewell
Detailed
Executive Vice President and Chief Financial Officer
JF
Joseph Finland
Detailed
Chief Accounting Officer
MC
Melissa Cox
Detailed
Executive Vice President and Chief Administrative Officer
WE
Wendy Ellis
Detailed
Executive Vice President, General Counsel and Corporate Secretary
Board of directors at DT Midstream.
Research analysts who have asked questions during DT Midstream earnings calls.
JM
John Mackay
Goldman Sachs Group, Inc.
8 questions for DTM
Also covers: AM, ARIS, CQP +17 more
Keith Stanley
Wolfe Research, LLC
8 questions for DTM
Also covers: DK, ENB, EPD +13 more
MB
Michael Blum
Wells Fargo & Company
8 questions for DTM
Also covers: AROC, BE, CQP +15 more
JT
Jeremy Tonet
JPMorgan Chase & Co.
7 questions for DTM
Also covers: AEE, AEP, AM +46 more
Theresa Chen
Barclays PLC
7 questions for DTM
Also covers: CQP, DINO, EE +20 more
Jean Ann Salisbury
Bank of America
6 questions for DTM
Also covers: CQP, CVX, DK +13 more
RM
Robert Mosca
Mizuho Securities Co., Ltd.
6 questions for DTM
Also covers: KGS, KNTK, LNG +4 more
Spiro Dounis
Citigroup Inc.
6 questions for DTM
Also covers: ARIS, CQP, ENB +15 more
MG
Manav Gupta
UBS Group
4 questions for DTM
Also covers: ADM, AMTX, BE +35 more
Zack Van Everen
TPH&Co.
4 questions for DTM
Also covers: EE, ET, KMI +2 more
Gabe Moreen
Mizuho Securities USA
2 questions for DTM
Also covers: ET, OGS, SR +2 more
RM
Rob Mosca
Jefferies
2 questions for DTM
SB
Samantha Banerjee
UBS
2 questions for DTM
TC
Teresa Chen
Barclays
1 question for DTM
Also covers: ENB, ET, TRP
ZV
Zach Van Everen
TPH&Co
1 question for DTM
ZV
Zackery Van Everen
Tudor, Pickering, Holt & Co.
1 question for DTM
Also covers: AM, EE, ENLC +6 more
Recent press releases and 8-K filings for DTM.
DT Midstream Reports Record 2025 Adjusted EBITDA and Raises Project Backlog
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported record Adjusted EBITDA of $1.138 billion for 2025, marking a 17% increase from the prior year, primarily driven by 27% growth in the pipeline segment.
- The company issued 2026 Adjusted EBITDA guidance of $1.155 billion-$1.225 billion and an early 2027 outlook of $1.225 billion-$1.295 billion.
- The organic project backlog increased by approximately 50% to $3.4 billion over the next five years, with $1.6 billion already committed.
- DT Midstream's board declared a quarterly dividend of $0.88 per share, a 7.3% increase from the prior year, and the company achieved investment-grade credit ratings across all three agencies in 2025.
Feb 19, 2026, 2:00 PM
DT Midstream Reports Record 2025 Adjusted EBITDA, Raises Organic Project Backlog, and Provides 2026/2027 Guidance
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported Adjusted EBITDA of $1.138 billion for 2025, marking a 17% increase over the prior year, primarily driven by 27% growth in the pipeline segment.
- The company provided 2026 Adjusted EBITDA guidance in the range of $1.155 billion to $1.225 billion, with a midpoint representing 6% growth over the 2025 original guidance midpoint, and an early 2027 outlook of $1.225 billion to $1.295 billion, also indicating 6% growth at the midpoint over 2026.
- DT Midstream increased its overall organic project backlog by approximately 50% to $3.4 billion over the next five years, with 75% allocated to pipeline projects, and has approximately $1.6 billion committed from this backlog.
- The board declared a quarterly dividend of $0.88 per share, representing a 7.3% increase from the prior year, and the company maintains an investment-grade credit rating, forecasting year-end 2026 on-balance sheet leverage of 2.9 times.
Feb 19, 2026, 2:00 PM
DT Midstream Announces Strong Q4 and Full-Year 2025 Results with Expanded Project Backlog
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported strong full-year 2025 financial results, with Adjusted EBITDA of $1.138 billion, a 17% year-over-year increase, and Distributable Cash Flow of $831 million, up 14% year-over-year.
- The company achieved Investment Grade status with all three major credit rating agencies and maintained a strong balance sheet with 3.0x on-balance sheet leverage at year-end 2025.
- The organic project backlog expanded by 50% to ~$3.4 billion, with 75% dedicated to Pipeline projects, and over $1 billion in organic opportunities were advanced.
- For 2026, DT Midstream provided guidance for Adjusted EBITDA between $1,155 million and $1,225 million and an annualized dividend of $3.52 per share.
Feb 19, 2026, 2:00 PM
DT Midstream Reports Record 2025 Adjusted EBITDA and Raises Organic Project Backlog
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported record Adjusted EBITDA of $1.138 billion for 2025, representing a 17% increase over the prior year, primarily driven by 27% growth in the pipeline segment.
- The company provided 2026 Adjusted EBITDA guidance of $1.155 billion-$1.225 billion, with the midpoint reflecting 6% growth over the 2025 original guidance midpoint, and an early 2027 outlook of $1.225 billion-$1.295 billion.
- DT Midstream increased its organic project backlog by approximately 50% to $3.4 billion over the next five years, with 75% allocated to pipeline projects, and approximately $1.6 billion is already committed.
- The board declared a quarterly dividend of $0.88 per share, a 7.3% increase from the prior year, and the company achieved investment-grade credit ratings across all three agencies in 2025.
Feb 19, 2026, 2:00 PM
DT Midstream Announces Record 2025 Results, Dividend Increase, and Future Guidance
DTM
Earnings
Dividends
Guidance Update
- DT Midstream reported record full year 2025 Adjusted EBITDA of $1.138 billion, marking a 17% increase from 2024, alongside net income of $441 million or $4.30 per diluted share.
- The company increased its dividend by 7% to $0.88 per share and expanded its organic project backlog by approximately 50% to $3.4 billion over the next 5 years.
- DT Midstream provided Adjusted EBITDA guidance for 2026 ranging from $1.155 billion to $1.225 billion, representing 6% annual growth from its 2025 original guidance, and an early outlook for 2027 Adjusted EBITDA between $1.225 billion and $1.295 billion.
Feb 19, 2026, 12:30 PM
DT Midstream Reports Record 2025 Results, Raises Dividend, and Increases Project Backlog
DTM
Earnings
Dividends
New Projects/Investments
- DT Midstream reported record full-year 2025 Adjusted EBITDA of $1.138 billion, a 17% increase from 2024, and net income of $441 million, or $4.30 per diluted share.
- The company increased its dividend by 7% from Q4 2025 to $0.88 per share, payable on April 15, 2026, and achieved a ~2.6x dividend coverage ratio for 2025.
- DT Midstream's organic project backlog increased by 50% to $3.4 billion over the next 5 years, with 75% of the backlog consisting of pipeline projects, and announced final investment decisions on two pipeline projects.
- The company provided Adjusted EBITDA guidance for 2026 of $1.155 to $1.225 billion and an early outlook for 2027 ranging from $1.225 to $1.295 billion.
Feb 19, 2026, 11:55 AM
DTM Raises 2025 Adjusted EBITDA Guidance and Announces Guardian G3+ Expansion FID
DTM
Guidance Update
New Projects/Investments
Earnings
- DTM reported Q3 2025 adjusted EBITDA of $288 million and significantly raised its 2025 adjusted EBITDA guidance midpoint to $1.13 billion, marking an 18% increase from the prior year's guidance.
- The company reached Final Investment Decision (FID) on the Guardian G3+ expansion, a project valued at $850 to $930 million that will boost Guardian pipeline capacity by approximately 537 million cubic feet per day.
- 2025 gross capital guidance was reduced to $385 million to $415 million, while distributable cash flow guidance increased to $800 to $830 million.
- Operational successes include record high Haynesville gathering volumes of 2.04 Bcf per day in Q3 2025, a 35% increase over Q3 2024, and the early completion of the LEAP Phase 4 expansion.
- DTM reaffirmed its 2026 adjusted EBITDA early outlook and its long-term commitment to 5% to 7% annual dividend growth.
Oct 30, 2025, 1:00 PM
DT Midstream (DTM) Reports Strong Q3 2025 Results, Raises 2025 Guidance, and Advances Key Growth Projects
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported Q3 2025 adjusted EBITDA of $288 million and increased its 2025 adjusted EBITDA guidance midpoint to $1.13 billion (range $1.115 billion-$1.145 billion).
- The company raised its distributable cash flow guidance range to $800 million-$830 million and reduced its 2025 gross capital guidance range to $385 million-$415 million due to capital efficiency and project timing.
- DT Midstream reached Final Investment Decision (FID) on an upsized Guardian Pipeline G3+ expansion, which will increase total capacity by approximately 537 million cu ft per day (a 40% increase) and is anchored by five investment grade utilities under 20-year contracts. This project is expected to cost $850 million-$930 million and be in service in Q4 2028.
- The LEAP Phase 4 expansion facilities were placed into service early and on budget, increasing capacity from 1.9 Bcf to 2.1 Bcf per day, with service starting in Q1 2026. Total gathering volumes for the Haynesville system averaged a record 2.04 Bcf per day in Q3 2025, a 35% increase over Q3 2024.
Oct 30, 2025, 1:00 PM
DT Midstream Announces Strong Q3 2025 Results and Raised 2025 Guidance
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported net income of $115 million and Adjusted EBITDA of $288 million for Q3 2025.
- The company raised its 2025 Adjusted EBITDA guidance midpoint to $1,115 - $1,145 million and reaffirmed its 2026 Adjusted EBITDA early outlook of $1,155 - $1,225 million.
- Significant progress was made on organic growth projects, with ~$0.5 billion committed in Q3 2025, bringing the total to ~$1.6 billion of projects reaching Final Investment Decision (FID) out of an original $2.3 billion backlog. This includes reaching FID on the upsized Guardian Pipeline "G3" expansion and placing the LEAP Phase 4 expansion in-service early.
- Operationally, the Haynesville system achieved record high throughput in Q3 2025, with volumes increasing 35% year-over-year.
Oct 30, 2025, 1:00 PM
DT Midstream Reports Strong Q3 2025 Results, Raises 2025 Guidance, and Sanctions Guardian G3+ Expansion
DTM
Earnings
Guidance Update
New Projects/Investments
- DT Midstream reported Q3 2025 adjusted EBITDA of $288 million and increased the midpoint of its 2025 adjusted EBITDA guidance to $1.13 billion, representing an 18% increase from the prior year's guidance.
- The company raised its 2025 distributable cash flow guidance to $800 million to $830 million and reduced its 2025 gross capital guidance to $385 million to $415 million.
- DT Midstream reached Final Investment Decision (FID) on the Guardian G3+ expansion, which will increase the pipeline's total capacity by 537 million cubic feet per day (a 40% increase), with an expected in-service date in Q4 2028 and a total investment of $850 million to $930 million.
- The LEAP Phase 4 expansion was placed into service early and on budget, increasing capacity from 1.9 to 2.1 BCF per day, and the clean fuels gathering project also began service.
- The Board of Directors approved a Q3 dividend of $0.82 per share, and the company remains committed to 5% to 7% annual dividend growth.
Oct 30, 2025, 1:00 PM
Quarterly earnings call transcripts for DT Midstream.
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