Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

DT Midstream, Inc.
Next earnings ≈ Jul 30, 2026 · est. from filing cadence
Last earnings +6.6% on 2026-04-30
Fee-based gas midstream growing 27% with 49% operating margins and a rising dividend — quality, but pricey and Expand-dependent.
Sources: SEC EDGAR (CIK 0001842022, latest 10-Q filed 2026-04-30) · EODHD · analysis by claude-code · as of 6/21/2026, 8:44:32 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Solid fundamentals at a roughly fair price — reasonable risk/reward at today's level.
DT Midstream is a high-quality, fee-based natural gas gathering, transmission and storage business spanning the Midwest, Canada, Northeast and Gulf Coast. FY2025 was a standout: revenue grew 26.7% to $1.24B, operating income rose 25.6% to $614M (a 49.4% operating margin), and net income climbed 24.6% to $441M (a 35.5% net margin). Diluted EPS rose 19.4% to $4.30. The model is structurally stable — the 10-K notes the majority of customer contracts are firm-service with fixed demand charges or minimum-volume commitments, which insulate revenue from gas-price swings and produce predictable cash flow.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $840M | $920M | $922M | $981M | $1.24B |
| Gross profit | — | — | — | — | — |
| Operating income | $402M | $478M | $471M | $489M | $614M |
| Net income | $307M | $370M | $384M | $354M | $441M |
| Diluted EPS | $3.16 | $3.81 | $3.94 | $3.60 | $4.30 |
| Net margin | 36.5% | 40.2% | 41.6% | 36.1% | 35.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1482 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Last 90 days: 1 open-market buy · 0 sales
| 2026-05-15 | Jewell Jeffrey A Executive V.P., CFO | Buy | 150.00 @ $147.73 | $22.2K |
| 2026-05-06 | Archon Angela N Director | Exercise | 1.18K | |
| 2026-05-04 | Jewell Jeffrey A Executive V.P., CFO | Exercise | 16.1K | |
| 2026-05-04 | Jewell Jeffrey A Executive V.P., CFO | Tax | 16.1K @ $138.70 | $2.23M |