Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026
Basics
Sector
Energy
Industry
Oil & Gas Midstream
Country
United States
Market cap
12.5B USD
Enterprise value
15.8B USD
Full-time employees
588
Overall health
Drawback:its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback:its share price swings more than most peers’ (beta 0.74 vs a peer median of 0.57), though less than the overall marketbigger price swings (beta 0.74 vs peers 0.57)
About average:risk (debt, liquidity and share-price swings)risk
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 20 → 21
Share price -4.6%+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Score 77 → 78
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about DT Midstream
Is DT Midstream getting weaker?
Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is unchanged at 54/100 since Oct 28, 2026.
How is DT Midstream valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 21/100 against 404 energy peers.EBITDA yield 5.9% vs a peer median of 12.1% (weaker than 83% of peers).EBITDA yield 5.9% vs peers 12.1% (weaker than 83% of peers).
Is DT Midstream growing?
Yes, faster than most of its peers. Growth scores 81/100 against 404 energy peers.3-year revenue growth 12.4% vs a peer median of -1.3% (stronger than 84% of peers).3-year revenue growth 12.4% vs peers -1.3% (stronger than 84% of peers).
How profitable is DT Midstream?
More profitable than most of its peers. Profitability scores 78/100 against 404 energy peers.Operating margin 49.6% vs a peer median of 11.7% (stronger than 95% of peers).Operating margin 49.6% vs peers 11.7% (stronger than 95% of peers).Return on invested capital 6.5% vs a peer median of 9.3% (weaker than 65% of peers).Return on invested capital 6.5% vs peers 9.3% (weaker than 65% of peers).
How risky is DT Midstream?
Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Beta 0.74 vs a peer median of 0.57 (weaker than 68% of peers).Beta 0.74 vs peers 0.57 (weaker than 68% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
1.3B USD
1.3B USD
+2.7%
Net income (12 months)
463.0M USD
468.0M USD
+1.1%
Operating margin
49.5%
49.6%
+0.1 pts
Free cash flow (12 months)
467.0M USD
480.0M USD
+2.8%
Debt
3.3B USD
3.3B USD
+0.0%
Cash
150.0M USD
172.0M USD
+14.7%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Oil & Gas Midstream · 32 companies
Valuations in Oil & Gas Midstream are near the top of their range since Aug 2019.
86% of months since Aug 2019 were valued lower than now.
54% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +44% and earnings +16% (medians): prices rose faster than earnings.
Median price-to-sales is +39% vs the whole market, against a usual +3%.
Aug 2019Shaded: most expensive fifth of its range2026
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since Aug 2019; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Operating margin
47.9%
52.0%
51.1%
49.8%
49.4%
▼ 0.5 pts
Net margin
36.5%
40.2%
41.6%
36.1%
35.5%
▼ 0.6 pts
Return on assets (ROA)
3.8%
4.2%
4.3%
3.6%
4.4%
▲ 0.8 pts
Return on equity (ROE)
7.9%
9.2%
9.3%
7.7%
9.3%
▲ 1.7 pts
Free cash flow margin
51.4%
42.1%
2.8%
42.1%
35.5%
▼ 6.6 pts
Current ratio
2.03×
0.43×
0.63×
0.73×
1.07×
▲ 48%
Debt to equity
0.79×
0.85×
0.78×
0.76×
0.70×
▼ 7.2%
Interest coverage
3.59×
3.49×
3.14×
3.20×
3.81×
▲ 19%
DTM price history
Price history is added with the daily price update and will appear after the next one.