DT Midstream (DTM)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
$129.52+0.73%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
QuarterlyIQ Insights · DTM
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 29.2% |
| Our one-year growth estimate | diamond | 5.6% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 23.5 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 17 industry peers
DTM — earnings miss
Dated 2026-07-30
Results of Operations and Financial Condition. DT Midstream, Inc. (“DT Midstream”) is furnishing the Securities and Exchange Commission with its earnings release issued July 30, 2026, announcing financial results for the quarter ended June 30, 2026. A copy of the earnings release, including supplemental financial information, is furnished as Exhibit 99.1 and incorporated by reference.
Why it matters: Finishing this project would help increase pipeline capacity. It would also support growth.
Supportive ifThe Guardian Pipeline 'G3' expansion was finished on time.
Worry ifThere was a delay in announcing the Guardian Pipeline 'G3' expansion project.
Why it matters: Progress on this project shows DT Midstream can grow capacity and meet demand.
Supportive ifThe Viking project has news about important milestones or phases that are done.
Worry ifThere are delays or setbacks in the Viking project. This suggests execution problems.
Why it matters: Finishing this project will increase capacity and help future growth.
Supportive ifManagement says the Viking Gas Transmission project is now complete.
Worry ifThere are reports of delays in the Viking Gas Transmission project.
Why it matters: A dividend increase shows financial health. It shows a commitment to shareholders.
Supportive ifAnnouncement of a dividend increase above $0.88 per share.
Worry ifNo increase in dividend from the current $0.88 per share.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$96 on $10,000 · ±1.0% | How much price usually moves either way. |
| Bad day | $198 loss on $10,000 · 2.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,679 loss on $10,000 · 16.8% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Sector growth trends impact DT Midstream's performance. Slowing growth could affect revenue.
Watch forSector revenue growth is now over 6% year over year.
Also watch forSector revenue growth slows below 4% year over year.
Why it matters: A bigger backlog shows strong future revenue and growth potential.
Supportive ifThere is news of backlog growth past $3.4 billion. This shows strong project demand.
Worry ifBacklog stays the same or drops. This shows possible issues in project development.
Why it matters: A drop would show problems with efficiency and cash flow.
Worry ifCash from operations was less than $280 million.
Less concerning ifCash from operations is still above $280 million.
Why it matters: Completion shows the company is good at growth projects. It helps future revenue.
Supportive ifThe Vector Pipeline 2028 expansion project is done on time.
Worry ifThe Vector Pipeline 2028 expansion project has big delays or costs more.
Why it matters: More cash from operations is key for paying dividends and growing. It shows financial strength.
Supportive ifCash from operations goes up compared to last quarter.
Worry ifCash from operations goes down compared to last quarter.
Why it matters: Earnings results will show if the company is improving operating income and cash flow. This is key for future growth.
Watch forEarnings report shows operating income growth year over year.
Also watch forEarnings report shows a decline in operating income year over year.
Why it matters: Meeting this target would confirm DT Midstream is on track to achieve 2026 guidance.
Supportive ifQ3 Adjusted EBITDA is at least $290 million. This supports the full-year guidance.
Worry ifQ3 Adjusted EBITDA is below $290 million. This raises concerns about the 2026 guidance.
Why it matters: A higher dividend shows the company cares about giving cash to shareholders. It shows good financial health.
Supportive ifThe company will announce a quarterly dividend over $0.88 per share.
Worry ifThe company announces no increase or a decrease in the dividend.
Why it matters: Exceeding this number shows good cost control and better operations.
Supportive ifOperating income is over $166 million in Q2.
Worry ifOperating income falls below $166 million in Q2.
Why it matters: More cash from operations helps grow dividends and invest in new projects.
Supportive ifCash from operations reported above $280 million for Q2 2026.
Worry ifCash from operations reported below $280 million for Q2 2026.