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DTM
DT Midstream, Inc.
NYSE· Energy· Oil & Gas Midstream· CUSIP 23345M107
$123.40-0.87%Price as of Oct 23, 00:46 UTC · updated once a day, after the close
At a glance
DT Midstream, Inc. (DTM) is listed on NYSE and classified in Oil & Gas Midstream, part of the Energy sector. It is headquartered in Detroit, United States and has 588 employees. The company is worth $12.59B and trades at 27.2x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $1.24B in fiscal 2025, up 26.7% from the year before. Net income was $441M. The share price is 19.3% below its 52-week high of $152.88. It pays a dividend yielding 2.85%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $165.43M. In that quarter, 3 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $12.59B
- P/E
- 27.2x
- Forward P/E
- 25.4x
- P/B
- 2.6x
- Dividend yield
- 2.85%
- Payout
- 77.70%
- EPS
- $4.53
- ROE
- 9.90%
- Profit margin
- 35.73%
- Revenue growth
- +11.00%
- Beta
- 0.74
- 52-week high
- $152.88
- 52-week low
- $104.99
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Ken GriffinReducedCitadel Advisors · Q2 2026$165.43M1.13M shares · 0.1% of portfolio- Steve CohenAddedPoint72 Asset Management · Q2 2026$49.67M338.52K shares · 0.1% of portfolio
- Cliff AsnessAddedAQR Capital Management · Q2 2026$31.17M212.41K shares · 0.0% of portfolio
- Two SigmaReducedTwo Sigma Investments · Q2 2026$11.96M81.48K shares · 0.0% of portfolio
- Israel EnglanderAddedMillennium Management · Q2 2026$8.05M54.89K shares · 0.0% of portfolio
Ray DalioReducedBridgewater Associates · Q2 2026$5.35M36.46K shares · 0.0% of portfolio
Price over time
▲ +169.6% over 5Y.
today you would have $3,166.99▲ +216.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 5 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Year-end price | $119.68 | $99.43 | $54.80 | $55.26 | $47.98 | |
| P/E | 15.2x | 27.8x | 27.6x | 13.9x | 14.5x | 15.2x |
| P/S | 5.8x | 9.8x | 10.3x | 5.8x | 5.8x | 5.5x |
| P/B | 1.3x | 2.6x | 2.2x | 1.3x | 1.3x | 1.2x |
| EPS | $4.30 | $3.60 | $3.94 | $3.81 | $3.16 | |
| Dividend yield | 2.96% | 2.74% | 2.96% | 5.04% | 4.63% | 2.50% |
| Payout | 70.05% | 76.28% | 81.67% | 70.05% | 67.19% | 37.97% |
| Profit margin | 36.55% | 35.48% | 36.09% | 41.65% | 40.22% | 36.55% |
| ROE | 9.23% | 9.31% | 7.65% | 9.28% | 9.23% | 7.93% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$69.10
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$39.60
Earnings growing 5.9% a year plus a 2.9% dividend yield. Growth capped at 25%.
Earnings
$66.77
Median P/E of 14.7 among peers in the sector.
Earnings
$68.78
Median P/E of 15.2 across this company’s own years on record.
Cash flow
$43.71
Cash flow growing 5.9% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$38.13
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
Dividends
$42.65
Dividend growing 0.0% a year against a 7.7% required return, from the stock’s beta.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $61.06 (avg. of 4)+Cash flow $43.71+Operating $38.13+Dividends $42.65÷ 4 =$46.39
$46.39
7 methods answered, across 4 families.
$34.79
Room for errors in the reported numbers.
$123.40
-62.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ARANTERO RESOURCES Corp | $39.04 | 11.1x | 1.4x | 0.00% | 14.22% | $12B |
| SUNSunoco LP | $73.26 | 16.2x | 1.5x | 5.47% | 18.66% | $13.8B |
| FROFrontline plc | $51.22 | 7.7x | 3.6x | 10.50% | 53.85% | $11.4B |
| RRCRange Resources Corp | $43.86 | 11.9x | 2.2x | 0.91% | 19.48% | $10.25B |
| AMAntero Midstream Corp | $20.61 | 24.8x | 5.0x | 4.37% | 19.82% | $9.78B |
| VNOMViper Energy, Inc. | $45.35 | 2267.5x | 1.7x | 5.40% | 1.09% | $16.29B |
About the company
- 588
- Detroit, United States