DT Midstream (DTM) Q3 FY2026 earnings

DT Midstream, Inc. (DTM) announced its results for Q3 FY2026, the quarter ended 30 September 2026, on 29 October 2026. Net income was $118 million, up 2.6% on the year. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

RevenueNot yetwith the 10-Q

Net income$118 millionup 2.6%

Diluted EPSNot yet

QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 1 raised.

Quarter net income and EPS: Net income attributable to DT Midstream was $118 million, or $1.16 per diluted share, with Operating Earnings also $118 million, or $1.16 per diluted share. The second quarter was $112 million, or $1.09 per share.
Quarter Adjusted EBITDA of $301 million: Adjusted EBITDA for the quarter was $301 million, compared with $305 million in the second quarter.
Gathering Adjusted EBITDA lower this quarter: Gathering segment Adjusted EBITDA was $99 million, against $105 million in the second quarter. Nine-month figure was $298 million against $259 million.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	n/a	343	314	n/a
Net income	118	112	115	+2.6%
Diluted EPS	n/a	$1.09	$1.13	n/a

$ million except per share.

Q3 FY2026 is from the company's press release of 29 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right; revenue, diluted EPS will come with the 10-Q.

Quarterly results, the last 20 quarters filed

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	212	223	215	227	235	243	220	224	234	244	240	244	248	249	303	309	314	317	336	343
Operating income	106	110	104	137	121	116	110	117	124	120	124	130	122	113	148	155	155	156	166	173
Operating margin	50%	49%	48%	60%	51%	48%	50%	52%	53%	49%	52%	53%	49%	45%	49%	50%	49%	49%	49%	50%
Interest expense	31.0	31.0	31.0	33.0	35.0	38.0	38.0	35.0	38.0	39.0	40.0	39.0	38.0	36.0	40.0	40.0	40.0	41.0	40.0	42.0
Pre-tax income	106	114	109	127	123	123	123	124	127	126	131	133	121	119	146	145	153	154	170	169
Tax rate	27%	22%	23%	26%	6%	28%	32%	24%	26%	2%	24%	25%	25%	36%	24%	23%	23%	26%	21%	31%
Net income	74.0	87.0	81.0	91.0	113	85.0	81.0	91.0	91.0	121	97.0	96.0	88.0	73.0	108	107	115	111	130	112
Net margin	35%	39%	38%	40%	48%	35%	37%	41%	39%	50%	40%	39%	35%	29%	36%	35%	37%	35%	39%	33%
Diluted EPS	$0.77	$0.89	$0.84	$0.93	$1.16	$0.88	$0.84	$0.93	$0.94	$1.23	$0.99	$0.98	$0.90	$0.73	$1.06	$1.04	$1.13	$1.07	$1.27	$1.09
Operating cash flow	136	108	234	145	195	151	244	145	225	184	241	165	205	152	247	185	274	161	280	222
Capital expenditure	36.0	44.0	20.0	35.0	118	165	228	193	201	150	98.0	81.0	81.0	90.0	71.0	81.0	143	131	78.0	105
Free cash flow	100	64.0	214	110	77.0	-14.0	16.0	-48.0	24.0	34.0	143	84.0	124	62.0	176	104	131	30.0	202	117
Buybacks	n/a	n/a	n/a	n/a	0.0	n/a	n/a	n/a	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	0.0	58.0	58.0	62.0	62.0	62.0	62.0	67.0	67.0	67.0	67.0	71.0	71.0	71.0	75.0	83.0	83.0	83.0	83.0	89.0
Shares outstanding	97m	97m	97m	97m	97m	97m	97m	97m	97m	97m	97m	97m	97m	101m	102m	102m	102m	102m	102m	102m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 30 September 2026, filed with the SEC on 29 October 2026 with a Form 8-K: the release.