DT Midstream, Inc. logo

DT Midstream, Inc. (DTM)

Common Stock · Currency in USD · XNYS

DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities. It provides multiple, integrated natural gas services to customers through interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities, and gathering systems and related treatment plants and compression and surface facilities. The segments of the group are Pipeline and Gathering. It generates maximum revenue from pipeline segment that includes interstate pipelines, storage systems, gathering lateral pipelines and compression and surface facilities.

Company Info

SIC4922
Composite FIGIBBG0112Z58J3
CIK0001842022
IPOJun 18, 2021
Sectornatural gas transmission

Highlights

Market Cap$13.68B
EPS$4.56
P/E Ratio28.97
Revenue$1.25B
Gross Profit$1.26B
Net Income$472.00M
Employees588
WSO102,014,118
Phone313-402-8532

Related Tickers

Analysis

Share Price Chart

Performance Chart

The chart shows the growth of an initial investment of $10,000 in DT Midstream, Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.

Returns By Period

DT Midstream, Inc. (DTM) has returned 12.30% so far this year and 59.60% over the past 12 months. Looking at the last ten years, DTM has achieved an annualized return of 13.24%, outperforming the Benchmark (SPY), which averaged 12.23% per year.

DTM

1M-5.52%
6M16.42%
YTD12.30%
1Y59.60%
5Y28.24%
10Y13.24%

Benchmark (SPY)

1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%

Monthly Returns

The table below presents the monthly returns of DT Midstream, Inc. (DTM) with color gradation from worst to best to easily spot seasonal factors.

JanFebMarAprMayJunJulAugSepOctNovDec
20265.56%11.63%-3.81%0.28%
20250.89%-3.57%-0.06%1.63%8.63%3.82%-6.52%1.95%9.53%-2.79%10.03%-0.94%
2024-2.08%7.32%6.02%1.97%8.30%5.50%6.01%3.89%0.82%14.88%17.07%-6.20%
2023-1.00%-8.02%-1.04%-1.36%-7.09%9.11%7.86%-3.13%0.21%2.41%5.60%-3.01%
20228.05%3.35%1.27%-1.21%8.56%-15.66%11.83%1.54%-5.22%11.88%-0.31%-8.86%
20219.69%10.33%-0.16%3.12%-5.31%2.76%

Performance Indicators

The charts below present risk-adjusted performance metrics for DT Midstream, Inc. (DTM) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.

Sharpe ratio

-2.00-1.000.001.002.003.00SPY: 0.92DTM: 1.43

Sortino ratio

-6.00-4.00-2.000.002.004.00SPY: 1.40DTM: 2.01

Omega ratio

0.501.001.502.00SPY: 1.22DTM: 1.28

Calmar ratio

0.002.004.006.00SPY: 1.20DTM: 2.34

Martin ratio

0.001.003.00SPY: 0.42DTM: 0.54

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.

The chart below shows the rolling Sharpe ratio of DTM compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Volatility Chart

The current DT Midstream, Inc. volatility is 1.72%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.

Income Statement

The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.

20252024202320222021
Liabilities And Equity (USD)10.08B9.94B8.98B8.83B8.17B
Equity Attributable To Parent (USD)4.74B4.63B4.14B4.01B3.87B
Equity Attributable To Noncontrolling Interest (USD)142.00M139.00M141.00M147.00M149.00M
Equity (USD)4.88B4.77B4.28B4.15B4.02B
Other Non-current Liabilities (USD)-1.39B---
Long-term Debt (USD)-3.35B---
Noncurrent Liabilities (USD)4.91B4.74B4.27B4.07B3.97B
Other Current Liabilities (USD)206.00M330.00M322.00M475.00M155.00M
Wages (USD)25.00M19.00M18.00M20.00M-
Accounts Payable (USD)65.00M77.00M94.00M119.00M22.00M
Current Liabilities (USD)296.00M426.00M434.00M614.00M177.00M
Liabilities (USD)5.20B5.17B4.70B4.68B4.15B
Other Non-current Assets (USD)2.13B2.18B2.31B2.74B2.23B
Intangible Assets (USD)1.86B1.92B1.97B2.03B2.08B
Fixed Assets (USD)5.77B5.53B4.43B3.81B3.49B
Noncurrent Assets (USD)9.76B9.63B8.71B8.57B7.81B
Current Assets (USD)318.00M310.00M272.00M262.00M360.00M
Assets (USD)10.08B9.94B8.98B8.83B8.17B

News and Insights

DT Midstream Announces Closing of Midwest Pipeline Acquisition

DT Midstream has successfully closed the acquisition of a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK for $1.2 billion. The acquired pipelines have a total capacity of more than 3.7 Bcf/d and will increase DT Midstream's pipeline segment revenue.

Benzinga faviconBenzingaGlobe Newswire
CORRECTION - DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas Pipelines

DT Midstream announced the acquisition of three FERC-regulated natural gas transmission pipelines from ONEOK for $1.2 billion. The acquisition is expected to be immediately accretive to Distributable Cash Flow and increase DT Midstream's pipeline segment to approximately 70% of Adjusted EBITDA in 2025.

Benzinga faviconBenzingaGlobe Newswire
CORRECTION - DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas Pipelines

DT Midstream announced the acquisition of three FERC-regulated natural gas transmission pipelines from ONEOK for $1.2 billion. The acquisition will expand DT Midstream's pipeline segment and increase its presence in the Midwest market.

GlobeNewswire Inc. faviconGlobeNewswire Inc.Dt Midstream, Inc.
DT Midstream Announces Proposed Public Offering of Common Stock

DT Midstream, Inc. (NYSE: DTM) announced a $300 million public offering of common stock to fund the acquisition of Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission from ONEOK Partners Intermediate Limited Partnership and Border Midwestern Company.

GlobeNewswire Inc. faviconGlobeNewswire Inc.
Billionaires Are Buying Energy Hand-Over-Fist

Leading billionaires like Warren Buffett, Ken Griffin, and Leon Cooperman are investing aggressively in the energy sector. Click here to explore more.

Seeking Alpha faviconSeeking AlphaSamuel Smith
The Analyst Verdict: DT Midstream In The Eyes Of 4 Experts

In the latest quarter, 4 analysts provided ratings for DT Midstream (NYSE:DTM), showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $69.5, a high estimate of $77.00, and a low estimate of $65.00. Marking an increase of 15.83%, the current average surpasses the previous average price target of $60.00. Analyzing Analyst Ratings: A Detailed Breakdown The standing of DT Midstream among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Michael Blum Wells Fargo Raises Overweight $77.00 $62.00 Selman Akyol Stifel Raises Buy $70.00 $62.00 Robert Mosca Mizuho Raises Neutral $65.00 $57.00 Christine Cho Barclays Raises Overweight $66.00 $59.00 Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to DT Midstream. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Analysts assign qualitative assessments to stocks, ranging from ...Full story available on Benzinga.com

Benzinga faviconBenzingaBenzinga Insights
DT Midstream Reports Strong First Quarter 2024 Results

DETROIT, April 30, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) today announced first quarter 2024 reported net income of $97 million, or $0.99 per diluted share. For the first quarter of 2024, Operating Earnings were $97 million, or $0.99 per diluted share. Adjusted EBITDA for the quarter was $245 million.

GlobeNewswire Inc. faviconGlobeNewswire Inc.DT Midstream, Inc.