$141.33
-0.028%DT Midstream, Inc. provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities. The company engages in the transportation and storage of natural gas for intermediate and end user customers; and collecting natural gas from points at or near customers' wells for delivery to plants for processing, to gathering pipelines for gathering, or to pipelines for transportation, as well as offers compression, dehydration, gas treatment, water impoundment, water storage, water transportation, and sand mining services. It serves natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. The company was incorporated in 2021 and is headquartered in Detroit, Michigan.
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.
DTM • NYSE
| DT Midstream, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||
441M | 367M | 384M | 382M | 307M | 312M | 220M | 259M | |
275M | 227M | 200M | 189M | 184M | 169M | 110M | 81M | |
137M | 120M | 110M | 70M | 104M | 111M | 68M | 0.0 | |
0.0 | 23M | 20M | 17M | 12M | 6M | 6M | 0.0 | |
88M | 4M | 31M | 27M | 19M | 30M | 37M | 0.0 | |
(0.0) | (12M) | (22M) | (24M) | (3M) | (3M) | (8M) | (2M) | |
-25M | 22M | 53M | 40M | -54M | -31M | -51M | 19M | |
916M | 763M | 798M | 725M | 572M | 597M | 390M | 359M | |
INVESTING ACTIVITIES | ||||||||
-426M | (0.0) | -772M | -338M | -140M | -518M | -211M | -176M | |
(17M) | -1.2B | (0.0) | -557M | -11M | -35M | -2.4B | -650M | |
-5M | (0.0) | (0.0) | -557M | -11M | -35M | (0.0) | (0.0) | |
0.0 | 0.0 | 0.0 | 557M | 11M | 35M | 0.0 | 0.0 | |
0.0 | 117M | 421M | 41M | 274M | -161M | 91M | 106M | |
-414M | -1.1B | -351M | -854M | (123M) | -714M | -2.6B | -720M | |
FINANCING ACTIVITIES | ||||||||
0.0 | 406M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-150M | 230M | -165M | -5M | -133M | 253M | 1.2B | 131M | |
-324M | -280M | -263M | -244M | -559M | (0.0) | (0.0) | (0.0) | |
-42M | -26M | -24M | 307M | 87M | -140M | 956M | 218M | |
-516M | 330M | -452M | 58M | -605M | 113M | 2.2B | 349M | |
CASH FLOW SUMMARY | ||||||||
-14M | 12M | -5M | -71M | 90M | -4M | 20M | -12M | |
68M | 56M | 61M | 132M | 42M | 46M | 26M | 38M | |
54M | 68M | 56M | 61M | 132M | 42M | 46M | 26M | |
490M | 413M | 26M | 387M | 432M | 79M | 179M | 183M |
DTM - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 12, 2026 | May 08, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 05, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 26, 2026 | May 05, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 19, 2026 | February 19, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 19, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 29, 2026 | January 27, 2026 | 2026 | |
8-K 8-K 2025 N/A | October 30, 2025 | October 30, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | October 30, 2025 | September 30, 2025 | 2025 |
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