DT Midstream (DTM) reported record adjusted EBITDA of $1.138 billion for 2025, a 17% increase year-over-year, driven by its expanding pipeline segment which now accounts for 70% of its business. The company also increased its organic project backlog to $3.4 billion, largely focused on pipeline projects, and declared a quarterly dividend of $0.88 per share, up 7.3%. Despite potential near-term risks from weather and regulatory approvals, DT Midstream projects continued growth, funded by strong cash generation and a strengthened balance sheet.
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DT Midstream Earnings Call Signals Pipeline-Powered Growth
DT Midstream (DTM) reported record adjusted EBITDA of $1.138 billion for 2025, a 17% increase year-over-year, driven by its expanding pipeline segment which now accounts for 70% of its business. The company also increased its organic project backlog to $3.4 billion, largely focused on pipeline projects, and declared a quarterly dividend of $0.88 per share, up 7.3%. Despite potential near-term risks from weather and regulatory approvals, DT Midstream projects continued growth, funded by strong cash generation and a strengthened balance sheet.