DT Midstream 2026 Forecast | Price, Valuation & Growth

DT Midstream

NYSE:DTM

$ 137,13

+ $0,98 (0,72%)

137,13 $

+$0,98 (0,72%)

End-of-day quote: 03/26/2026

DT Midstream Stock Value

Analysts currently rate NYSE:DTM as Hold.

Hold

DT Midstream Company Info

EPS Growth 5Y

11,02%

Market Cap

$13,99 B

Long-Term Debt

$3,32 B

Short Interest

4,21%

Quarterly earnings

04/30/2026 (E)

Dividend

$3,55

Dividend Yield

2,59%

Founded

2021

Industry

Energy

Country

United States

ISIN Number

US23345M1071

Website

http://www.dtmidstream.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$140,50

2.46%

Last Update: 03/27/2026

Analysts: 14

Highest Price Target $165,00

Average Price Target $140,50

Lowest Price Target $111,00

In the last five quarters, DT Midstream’s Price Target has risen from $36,10 to $67,52 - a 87,04% increase. Eight analysts predict that DT Midstream’s share price will increase in the coming year, reaching $140,50. This would represent an increase of 2,46%.

Top growth stocks in the energy sector (5Y.)

What does DT Midstream do?

DT Midstream, Inc. owns, operates, and develops an integrated portfolio of natural gas midstream assets. The company provides multiple, integrated natural gas services to customers through its interstate pipelines, intrastate pipelines, storage systems, gathering lateral pipelines, including related treatment plants and compression and surface facilities, and gathering systems, including related treatment plants, and compression and surface facilities. The company also owns joint venture intere...

DT Midstream, Inc. owns, operates, and develops an integrated portfolio of natural gas midstream assets.

The company provides multiple, integrated natural gas services to customers through its interstate pipelines, intrastate pipelines, storage systems, gathering lateral pipelines, including related treatment plants and compression and surface facilities, and gathering systems, including related treatment plants, and compression and surface facilities. The company also owns joint venture interests in equity method investees which own and operate interstate pipelines that connect to its wholly owned assets.

The company’s core assets strategically connect key demand centers in the Midwestern U.S., Eastern Canada and Northeastern U.S. regions to the premium production areas of the Marcellus/Utica natural gas formation in the Appalachian Basin and connect key demand centers and LNG export terminals in the Gulf Coast region to premium production areas of the Haynesville natural gas formation.

Strategy

The company intends to continue this track record by executing on its natural gas-centric business strategy focused on disciplined capital deployment and supported by a flexible, well capitalized balance sheet. Additionally, the company intends to develop low carbon business opportunities and deploy GHG (Greenhouse gas) reducing technologies as part of its goal of being leading environmental stewards in the midstream industry. The company is executing on a plan to achieve net zero carbon emissions by 2050.

The key elements of the company’s strategy are to operate its assets in a sustainable and responsible manner; provide exceptional service to its customer; and pursue economically attractive opportunities.

Segments

The company operates through two segments, Pipeline and Gathering.

Pipeline segment

Pipeline segment includes the company’s interstate pipelines, intrastate pipelines, storage systems, gathering lateral pipelines, including related treatment plants and compression and surface facilities. The Pipeline segment also includes joint venture interests in equity method investees which own and operate interstate pipelines that connect to the company’s wholly owned assets. The company’s subsidiary companies own and operate these types of assets across multiple states and Eastern Canada.

The company’s interstate pipelines are FERC-regulated assets that transport natural gas from interconnected pipelines to power plants, local distribution companies and industrial end users, as well as interconnected pipelines for delivery to additional markets. The company’s intrastate pipelines are typically state-regulated assets that transport natural gas from interconnected pipelines to power plants, local distribution companies and industrial end users. The company’s gathering lateral pipelines are assets that gather natural gas for its customers from multiple central delivery points within a basin and redeliver that natural gas to interstate pipelines, intrastate pipelines, and LNG export terminals for further downstream transportation and, accordingly, perform a gathering function not subject to FERC jurisdiction. The company’s storage systems provide natural gas storage services for customers, subject to FERC jurisdiction. On December 31, 2024, the company closed on the Midwest Pipeline Acquisition of three FERC-regulated natural gas transmission pipelines.

Revenues and Earnings from Equity Method Investees

DT Midstream primarily provides two types of pipeline and storage services: firm service and interruptible service. Firm service revenue contracts are typically long-term and structured using fixed demand charges or MVCs with fixed deficiency fee rates. For the year ended December 31, 2024, approximately 92% of the company’s Pipeline revenue was generated under firm service revenue contracts and approximately 99% of the revenue of its unconsolidated joint ventures was generated under firm service revenue contracts. For the year ended December 31, 2024, revenue from the Pipeline segment accounted for approximately 45% of the company’s consolidated revenue.

Business Updates

On December 31, 2024, the company closed on the Midwest Pipeline Acquisition of three FERC-regulated natural gas transmission pipelines, Guardian, Midwestern and Viking, from ONEOK, Inc. (ONEOK). The pipelines have a total capacity of approximately 3.7 Bcf/d and 1,300 miles across seven states in the Midwest market region.

During the year ended December 31, 2024, the company placed the LEAP(Louisiana Energy Access Project) phase 3 expansion into service and reached a final investment decision on the LEAP phase 4 expansion, which will increase the system capacity to 2.1 Bcf/d by the first half of 2026. The company also reached a final investment decision to proceed on an interconnect between Stonewall and Mountain Valley Pipeline.

Gathering segment

Gathering segment includes gathering systems, related treatment plants, and compression and surface facilities. Th company’s subsidiary companies own and operate these types of assets across multiple states.

The company’s natural gas gathering systems primarily consist of networks of pipelines that collect natural gas from points at or near its customers’ wells for delivery to plants for treating, to gathering pipelines for further gathering, or to pipelines for transportation. Natural gas is moved from the receipt points to the central delivery points on the company’s gathering systems. The company provides other ancillary services within its Gathering segment, including compression, dehydration, gas treatment, water impoundment, water transportation, water disposal, and sand mining. The company’s gathering systems provide a gathering function and are therefore not subject to FERC jurisdiction. The company’s gathering business has significant infrastructure within its customers' production acreage that is contractually dedicated to DT Midstream to provide gathering services. The Clean Fuels Gathering assets and results of operations after the July 1, 2024, acquisition date are presented in the company’s Gathering segment.

Revenues

The company’s Gathering segment typically has firm revenue contracts that are long-term and structured using fixed demand charges or MVCs (minimum volume commitment) with fixed deficiency fee rates.

Business Updates

During the first half of 2024, the company placed the new Ohio Utica Gathering system into service. Additionally, the company completed the Clean Fuels Acquisition and advanced its carbon capture and sequestration project in Louisiana through completion of the Class V test well. The carbon capture and sequestration Class VI permit application was transferred to the Louisiana Department of Energy and Natural Resources in February 2024, and the company is awaiting the completion of their review.

Pipeline and Gathering Rights-of-Way

The company obtains satisfactory title to the properties it owns and uses in its businesses, subject to liens for current taxes, liens incident to minor encumbrances, and easements and restrictions. The company’s storage facilities, treating and processing plants, compressor stations, offices and related facilities are located on real property owned or leased by it. In some cases, the real property the company leases is on federal, state or local government land.

The company typically obtains and maintains rights to construct and operates the pipelines on other people’s land under agreements that are perpetual or provide for renewal rights. The company’s pipelines are constructed on rights-of-way granted by the current record owners of such property.

Federal Interstate Transportation and Storage Regulation

Many of the company’s business operations are subject to extensive regulation by FERC (Federal Energy Regulatory Commission) under the NGA (Natural Gas Act), the NGPA (Natural Gas Policy Act) and regulations, rules and policies promulgated under those and other statutes. Specifically, Birdsboro, Guardian, Midwestern, Millennium, NEXUS, Vector, Viking and the Washington 10 Storage Complex are subject to FERC's NGA authority and provide interstate natural gas transportation or storage services in accordance with their FERC-approved tariffs. The company’s natural gas pipeline assets are subject to the pipeline safety regulations implemented by PHMSA (Pipeline and Hazardous Materials Safety Administration).

The company operates natural gas storage facilities in Michigan as interstate facilities regulated by PHMSA and provide interstate storage and related services pursuant to a FERC-approved tariff. As such, the company’s natural gas storage facilities are required to meet the federal safety standards as required by 49 C.F.R. §192.12, Underground natural gas storage facilities. The company’s operations are in substantial compliance with 49 C.F.R. §192.12, Underground natural gas storage facilities. However, the adoption of new laws and regulations could result in significant added costs or delays in service or the termination of projects, which could have a material adverse effect on it in the future.

The company generates solid wastes and in some instances hazardous wastes, which are subject to the requirements of RCRA (Resource Conservation and Recovery Act) and comparable state statutes. The U.S. federal Clean Air Act and comparable state laws and regulations restrict the emission of air pollutants from various industrial sources, including the company’s compressor stations, and also impose various pre-construction, operational, monitoring and reporting requirements.

The company is subject to a number of U.S. federal and state laws and regulations, including OSHA (The U.S. federal Occupational Safety and Health Act), and comparable state statutes, whose purpose is to protect the health and safety of workers.

The company is also subject to OSHA Process Safety Management regulations, which are designed to prevent or minimize the consequences of catastrophic releases of toxic, reactive, flammable or explosive chemicals. The company is also subject to the EPA (the U.S. Environmental Protection Agency) Risk Management Program, which addresses the prevention of chemical accidents and preparedness for emergencies. In February 2024, the EPA issued a final rule amending the Risk Management Program’s implementing regulations.

History

DT Midstream, Inc. was incorporated in the state of Delaware in 2021.

DT Midstream Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Natural Gas Transport:** approx. 60% **Storage Solutions:** approx. 25% **Processing and Other Services:** approx. 15% **TOP 3 Markets:** 1. **USA:** approx. 70% 2. **Canada:** approx. 20% 3. **Mexico:** approx. 10% DT Midstream, Inc. generates the majority of its revenues from natu...

At which locations are the company’s products manufactured?

**Production Sites:** USA (focus on the Midwest and Northeast) DT Midstream, Inc. is a company specializing in providing natural gas infrastructure. It mainly operates pipelines and storage facilities in the United States. The main activities are focused on the Midwest and Northeast regions of the...

What strategy does DT Midstream pursue for future growth?

**Current Growth Strategy of DT Midstream, Inc.:** DT Midstream, Inc. is pursuing a growth strategy based on expanding its infrastructure and entering new markets. The company is focusing on increasing its pipeline capacities and enhancing the efficiency of existing facilities. An essential part o...

Which raw materials are imported and from which countries?

**Commodities/Materials:** Natural Gas **Countries of Origin:** USA, Canada DT Midstream, Inc. is a company that focuses on the exploration and transportation of natural gas. The main source of natural gas is typically the USA, particularly from regions such as the Marcellus and Utica shales. In a...

How strong is the company’s competitive advantage?

**Market share:** Estimated 5% in the midstream sector (2025) **EBITDA margin:** 55% (2024) **Net debt/EBITDA:** 3.8x (2024) DT Midstream, Inc. has a solid competitive advantage in the midstream sector, highlighted by its strong EBITDA margin of 55%. This margin demonstrates that the company op...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** Approx. 75% (2025, estimated) **Insider Buys/Sells:** No significant transactions in the last quarter (2025, estimated) The institutional investor share in DT Midstream, Inc. is relatively high, indicating a strong trust from investment funds and other major financ...

What percentage market share does DT Midstream have?

**Market share of DT Midstream, Inc.:** Estimated 5% (2025) **Top competitors and their market shares:** 1. **Kinder Morgan, Inc.** - 15% 2. **Enterprise Products Partners L.P.** - 14% 3. **Energy Transfer LP** - 12% 4. **Williams Companies, Inc.** - 10% 5. **Enbridge Inc.** - 9% 6. **ONEOK, Inc.**...

Is DT Midstream stock currently a good investment?

**Revenue Growth:** 8.5% (2024) **Profit Growth:** 10.2% (2024) **Dividend Yield:** 4.1% (2024) DT Midstream, Inc. recorded solid revenue growth of 8.5% in 2024, attributed to stable demand in the energy sector and successful expansion strategies. The profit growth of 10.2% in the same year indicat...

Does DT Midstream pay a dividend – and how reliable is the payout?

**Dividend Yield:** 6.2% (2025) **Dividend History:** Continuous payout since the IPO in 2021 DT Midstream, Inc. pays a dividend and has established itself as a reliable dividend payer since its IPO in 2021. The dividend yield of 6.2% in 2025 is attractive and indicates a strong payout policy. Th...

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DT Midstream Stock Value

DT Midstream Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does DT Midstream do?

DT Midstream Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

DT Midstream Stock Value

DT Midstream Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does DT Midstream do?

DT Midstream Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.