NYSE$DTM

DT Midstream Inc. · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

DT Midstream reported Q3 2025, revenue of $314M, net income of $115M, diluted EPS of $1.20.

For Q3 2025, DT Midstream reported revenue of $314M, net income of $115M, diluted EPS was $1.20. Management discusses segment performance, capital allocation, and sector risks in the quarterly filing.

  • Revenue $314M.
  • Net income $115M.
  • Diluted EPS $1.20.

Headline financials

Total Revenue

$314M

Previous: $248M+26.6%
EPS (adj)

$1.20

Previous: $0.90+33.3%
Capital Expenditures

-$295M

Previous: -$260M-13.5%
Free Cash Flow

-$180M

Previous: -$172M-4.7%
Net Income

$115M

Previous: $88M+30.7%
Operating Income

$155M

Previous: $122M+27.0%
Gross Profit

$314M

Previous: $248M+26.6%

Revenue & EPS history

DT Midstream · Revenue · Quarterly

$314M

Q3 2025+26.6%vs Q3 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

DT Midstream · $220M total across 2 segments · Q1 2023

  • Gathering Segment
    $135M-2.2%
  • Pipeline Segment
    $85M+10.4%

Forward guidance

Utility and bank outlook emphasizes rate cases, credit quality, and net interest margin.

Tailwinds

  • Regulated rate base or loan growth supports earnings.
  • Dividend and capital return policies.

Headwinds

  • Interest rate and credit cycle sensitivity.
  • Regulatory lag on allowed returns.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.3%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+3.0%

Avg return

30 days after

46%

11 / 24 earnings

Positive

+6.4%

Q3 2023

Best reaction

-7.1%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+5.5%+0.8%
Q4 2025-0.9%+2.8%-1.2%
Q3 2025+3.1%+3.6%+14.1%
Q1 2025-1.3%+3.1%+6.3%
Q4 2024-0.9%-1.3%+1.0%
Q3 2024+4.0%+1.8%+21.0%
Q2 2024+1.5%-1.8%+5.1%
Q1 2024-2.5%-0.4%+4.5%
Q4 2023+6.1%+8.3%+9.8%
Q3 2023+6.4%+3.7%+6.5%
Q2 2023-3.6%-2.6%-2.3%
Q1 2023-7.1%-4.3%-5.8%
Q4 2022-5.4%-8.6%-15.2%
Q3 2022+4.8%+5.1%+5.0%
Q2 2022-2.4%+1.3%+1.7%
Q1 2022-4.5%-10.0%-0.3%
Q1 2021-4.5%-10.0%-0.3%
Q4 2019+6.1%+12.2%+9.7%
Q4 2021+6.1%+12.2%+9.7%
Q3 2020+2.9%+1.5%-3.3%
Q3 2021+2.9%+1.5%-3.3%
Q2 2021-1.5%-4.3%+3.0%
Q2 2020-1.5%-4.3%+3.0%
Q4 2020-1.5%-4.3%+3.0%
Q1 2020

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