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DTM

DT Midstream Inc

$122.12+0.93% ($1.12)
Day's range
$120.69 – $124.11
Day's volume
$107.1M
52-week range
$102.85 – $149.69

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See how DTM weighs in your net worth, what it has paid you and how far it is from your target allocation.

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DTM in numbers

Market cap
$12.5B
P/E
26.62
P/B
2.61
Dividend yield (12m)
2.83%
Net debt/EBITDA
3.43

The 12-month dividend yield of DTM is 2.83%, below its 5-year average of 3.27%.

DTM price history

10/06/202510/05/2026
Compare with

DTM risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+3.24%+136.46%+226.98%
Volatility (annualized)21.48%22.04%22.89%
Largest drawdown-18.20%-18.20%-22.68%
Positive months6/1224/3638/60

How much did investing in DTM return?

$1,000.00 invested on 11/01/2021 would be worth $3,269.79 today.

Value today in DTM
$3,269.79
Return over the period
+226.98%
Return per year
+27.19%
In the S&P 500
$1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

DTM fundamentals

Valuation

  • P/E
    26.62
  • P/B
    2.61
  • EV/EBITDA
    16.99
  • EV/EBIT
    24.02
  • EV/Revenue
    11.92
  • P/EBIT
    19.17
  • P/S
    9.51
  • P/OCF
    13.30
  • P/FCF
    25.95
  • Earnings yield
    4.16%
  • PEG ratio
    —
  • Earnings per share
    $4.59
  • Book value per share
    $46.85

Debt

  • Net debt
    $3.2B
  • Net debt/EBITDA
    3.43
  • Net debt/Equity
    0.66
  • Debt/Equity
    0.70
  • Current ratio
    1.37
  • Quick ratio
    —
  • Cash ratio
    0.58

Efficiency

  • Gross margin
    —
  • EBITDA margin
    70.15%
  • Operating margin
    49.62%
  • Net margin
    35.73%
  • Asset turnover
    0.13

Profitability

  • ROE
    9.79%
  • ROA
    4.59%
  • ROIC
    6.11%
  • Payout
    75.42%

Growth

  • Revenue CAGR (5 years)
    9.93%
  • Earnings CAGR (5 years)
    8.17%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is DTM's fair price?

Two classic value formulas, with today's numbers. The current price is $122.12.

Graham's fair price
$69.54
43.06% below the price

√(22.50 × $4.59 × $46.85)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$39.73
67.46% below the price

$2.38 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

DTM's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator2025202420232022202120202019
P/E27.6128.4713.8414.4715.12——
P/B2.572.181.281.341.20——
EV/EBITDA17.7119.3113.0013.4013.30——
Dividend yield2.67%2.91%4.95%4.56%1.25%——
Earnings per share$4.34$3.49$3.96$3.82$3.17——
Book value per share$46.56$45.65$42.68$41.36$40.02——
ROE9.31%7.65%9.28%9.23%7.93%——
ROIC5.82%4.44%5.10%5.16%4.46%——
EBITDA margin70.15%71.15%70.82%70.43%67.62%75.07%70.24%
Net margin35.48%36.09%41.65%40.22%36.55%41.38%40.48%
Net debt/EBITDA3.754.874.865.145.13-0.07—

DTM's financial statements

Line202520242023202220212020
Net revenue$1.2B$981M$922M$920M$840M$754M
Cost of revenue——————
Gross profit——————
EBITDA$872M$698M$653M$648M$568M$566M
EBIT$614M$489M$471M$478M$402M$414M
Financial result——————
Income before tax$598M$504M$500M$482M$422M$440M
Income tax-$144M-$137M-$104M-$100M-$104M-$116M
Net income$441M$354M$384M$370M$307M$312M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does DTM pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend09/18/202610/15/2026$0.88

Dividend yield per year

  • 1.25%2021
  • 4.56%2022
  • 4.95%2023
  • 2.91%2024
  • 2.67%2025
  • 2.11%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend06/12/202607/15/2026$0.88
Dividend03/13/202604/15/2026$0.88
Dividend12/12/202501/15/2026$0.82
Dividend09/12/202510/15/2025$0.82
Dividend06/13/202507/15/2025$0.82
Dividend03/14/202504/15/2025$0.82
Dividend12/13/202401/15/2025$0.74
Dividend09/13/202410/15/2024$0.74
Dividend06/14/202407/15/2024$0.74
Dividend03/14/202404/15/2024$0.74
Dividend12/14/202301/15/2024$0.69
Dividend09/14/202310/15/2023$0.69
See all 20 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend06/14/202307/15/2023$0.69
Dividend03/16/202304/15/2023$0.69
Dividend12/15/202201/15/2023$0.64
Dividend09/15/202210/15/2022$0.64
Dividend06/15/202207/15/2022$0.64
Dividend03/17/202204/15/2022$0.64
Dividend12/16/202101/15/2022$0.60
Dividend09/16/202110/15/2021$0.60

About Dt Midstream

Sector
Transportation and utilities

Questions about DTM

How much is DTM today?

DTM is at $122.12 (0.93% on the day), last traded on 10/05/2026.

How much did DTM pay in dividends in 2025?

DTM paid $3.20 per share in 2025, a dividend yield of 2.67%.

When is the next DTM dividend?

The next announced payment is $0.88 per share on 10/15/2026.

What are the P/E and P/B of DTM?

DTM trades at a P/E of 26.62 and a P/B of 2.61.

How much did DTM return in 12 months?

DTM returned 3.24% in 12 months, with annualized volatility of 21.48% and a largest drawdown of -18.20%.