DT Midstream Reports Q3 2026 Results & Raises FY2026 Adjusted EBITDA Guidance
DT Midstream, Inc.
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Filing Summary
DT Midstream, Inc. (NYSE: DTM) announced its Q3 2026 financial results, reporting net income and operating earnings of $118 million ($1.16 per diluted share) and Adjusted EBITDA of $301 million. The company raised its full-year 2026 Adjusted EBITDA guidance range to $1,185–$1,225 million. A quarterly cash dividend of $0.88 per share was declared, payable January 15, 2027. DT Midstream also reported that its committed organic growth backlog reached $2.4 billion after reaching FIDs on multiple pipeline expansion and modernization projects.
Comprehensive Analysis
DT Midstream, Inc. (NYSE: DTM) Q3 2026 Earnings & Guidance Update
Key Highlights
- Earnings Performance: DT Midstream reported Q3 2026 net income of $118 million, or $1.16 per diluted share, matching operating earnings of $118 million ($1.16 per diluted share). Q3 Adjusted EBITDA stood at $301 million.
- Guidance Raise: Management raised full-year 2026 Adjusted EBITDA guidance to a range of $1,185 million to $1,225 million, citing strong year-to-date execution.
- Capital Allocation & Dividend: The Board declared a quarterly dividend of $0.88 per share, payable on January 15, 2027, to shareholders of record on December 15, 2026.
- Commercial & Project Updates: The company expanded its committed organic growth backlog to $2.4 billion, reaching final investment decisions (FID) on three key projects:
- Midwestern Gas Transmission MIST Southbound Phase 1 expansion (~300 MMcf/d capacity addition, a 20% increase).
- A lateral pipeline project from Midwestern Gas Transmission serving a utility-scale power plant in Indiana.
- Phase two of the Guardian Pipeline modernization program.
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