DT Midstream Inc logo

DT Midstream Inc(DTM)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$116.48
11/09/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for DTM

11/09/2026: DTM (2-star) is currently NOT-A-BUY. Pass it for now.

DT Midstream is a pure-play natural gas midstream company that operates essential pipeline, gathering, and storage infrastructure. The stock is best suited for income-focused investors who value the company's fee-based, low-commodity-risk business model and consistent dividend payments. Its primary growth opportunity lies in expanding capacity to support rising LNG export volumes and natural gas demand for power generation. However, investors must monitor risks related to regulatory hurdles for new projects, regional asset concentration, and long-term energy transition trends. Overall, DT Midstream offers a stable, asset-heavy investment profile with exposure to the fundamental role of natural gas in the North American energy mix.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers moderate growth potential linked to infrastructure demand rather than rapid, disruptive expansion.
Momentum investorStrong fit while signal remains positiveStrong market performance in natural gas infrastructure can drive momentum in the right macro environment.
Value investorStrong fitIts fee-based, regulated-like business model often attracts value investors seeking stable, predictable cash flows.
Dividend investorStrong fitThe company maintains a reliable dividend policy supported by stable, long-term contracts.
Low-risk investorStrong fitThe fee-based nature of its business minimizes exposure to direct commodity price fluctuations, reducing volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityLowThe company's fee-based business model insulates it from direct commodity price fluctuations.
Valuation riskMediumAs a stable income play, valuation is sensitive to interest rate changes and bond yield competition.
Competition riskMediumCompetition from larger, diversified midstream operators could pressure contract pricing.
Business qualityStrongThe company owns essential, long-lived assets that generate predictable and durable cash flows.
Dividend incomeLowThe dividend is supported by a stable, contracted revenue base.
Execution riskMediumConstruction of new pipelines is subject to regulatory, environmental, and permitting delays.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 69%
Avg. Invested days 57
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/09/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DTM receives a 4-star rating, supported by strong unit economics, solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
DTM has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+24.6%) and strong cash generation (FCF margin 35.5%) are partially offset by very low insider ownership of 0.57%.

Financial Health Rating

★★★★★
DTM's financial health is supported by strong profitability, including gross margin of 73.5% and operating margin of 49.4%. Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is DTM's strongest growth driver at +26.7% FY2025 versus FY2024 (solid, 4 stars). Earnings growth (+24.6%, solid) and free-cash-flow growth (+6.8%, moderate) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 89.5% and approximately 99.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.57%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 11.17%
Vanguard Portfolio Management, LLC 5.66%
Vanguard Capital Management, LLC 4.52%
Geode Capital Management, LLC 3.33%
State Street Corp 3.31%

Unit Economics (Per $1K Revenue)

★★★★★
DTM generates approximately $735 of gross profit, $494 of operating income, and $355 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins and strong cash conversion support the rating, although capital efficiency remains soft.

Economic Dimensions

★★★★★
Effective Tax Rate: 24.08%

Quantitative Style Profile

★★★★★
DTM has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilityLarge / Mega Cap StabilityShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 11.60B USD
Price to earnings Ratio 24.76
1Y Target Price 148.4
Price to earnings Ratio 24.76
1Y Target Price 148.4
Volume (30-day avg) 1.0M shares
Beta 0.74
52 Weeks Range 108.64 - 150.94
Updated Date 11/08/2026
52 Weeks Range 108.64 - 150.94
Updated Date 11/08/2026
Dividends yield (FY) 3.07%
Basic EPS (TTM) 4.59

How Company Makes Money

Business areaWhat it includesRetail investor read
Natural Gas TransportationFees from interstate and intrastate pipeline usage.The company acts like a toll road for natural gas, collecting fees for moving the product.
Gathering and ProcessingServices for collecting gas from wells and preparing it for transport.This area generates revenue based on the volume of gas flowing from production areas.
StorageStorage capacity leasing and balancing services.Revenue is earned from producers and utilities needing a place to hold gas for peak demand.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2026-10-29
When Before Market
Estimate 1.08
Actual 1.16

Profitability

Profit Margin 35.36%
Operating Margin (TTM) 49.11%

Management Effectiveness

Return on Assets (TTM) 4.05%
Return on Equity (TTM) 9.92%

Valuation

Trailing PE 24.76
Forward PE 22.08
Enterprise Value 14.68B
Price to Sales(TTM) 8.71
Enterprise Value 14.68B
Price to Sales(TTM) 8.71
Enterprise Value to Revenue 11.02
Enterprise Value to EBITDA 13.22
Shares Outstanding 102.02M
Shares Floating 101.32M
Shares Outstanding 102.02M
Shares Floating 101.32M
Percent Insiders 0.57
Percent Institutions 89.52

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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