Company Analysis

DT Midstream, Inc. (DTM)

NYSE: DTM · Natural Gas Transmission · Detroit, MI · filing with the SEC since 2021
Grade5.7
◀ Past 6.3● Present 5.3▶ Future 5.9

The grade of DT Midstream, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.7/10
◀ Past6.325% of the headline
● Present5.345% of the headline
▶ Future5.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.3/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.6/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 45% of this tense · 66th percentile among 16 sector filers · read for itself

From the record

DT Midstream, Inc.'s filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.3/10

What has it actually done, year after year?

+16.2% a year over 7 filed years; profitable in 7 of 7.

weight 22% of this tense · 83rd percentile among 16 sector filers · read for its customers

From the record

DT Midstream, Inc.'s 7 filed years say what it did: revenue went from $504 million in fiscal 2019 to $1.2 billion in fiscal 2025, up 16.2% a year; it rose in 6 of 6 years; it never fell from a peak; net income was positive in 7 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span16.2%top 28% of its family
  • the share of years revenue rosetop 9% of its family
  • the share of filed years with a profittop 22% of its family
  • the deepest fall from a revenue peak0.0%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.8/10

How has it treated the people who own it?

Share count grew 1.8% a year. 36% of cash flow returned. Insiders: 1 sales, 4 purchases.

weight 33% of this tense · 48th percentile among 13 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, DT Midstream, Inc.'s diluted share count grew about 1.8% a year, and dividends and buybacks returned about 36% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 4 purchases of their own stock on the open market in the year to 2026-09-30, buying about $266 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 42% of its family
  • cash returned against operating cash flowtop 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.3/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
5.2/10

Is it financially healthy right now?

ROE 9%: 9¢ of profit per shareholder dollar. Leverage 52%: owes 52¢ per asset dollar.

weight 45% of this tense · 52nd percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, DT Midstream, Inc. earned about 9 cents of profit for every dollar of shareholders' money. Leverage: it owed about 52 cents per dollar of assets, and net share issuance: its share count grew 4.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 12% of its family
  • return on equitybottom 32% of its family
  • the share count against the year beforebottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.1/10

How strong is its position in its industry?

top 39% of 16 in its family; net margin 35.5%.

weight 33% of this tense · 61st percentile among 16 sector filers · read for its customers

From the record

DT Midstream, Inc.'s standing among 16 graded names in its industry family: revenue of $1.2 billion in fiscal 2025 ranks in the bottom 27% by size; a net margin of 35.5% ranks in the top 3%; revenue growth of 10.5% a year over the last 3 filed years ranks in the top 41% (its annual reports).

What it rests on

  • revenue against the family$1.24Bbottom 27% of its family
  • net margin35.5%top 3% of its family
  • three-year revenue growth10.5%top 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.1/10

What are the people in charge doing?

bottom 41% of 10 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 41st percentile among 10 sector filers · read for its shareholders

From the record

DT Midstream, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Slater, David (Exec. Chair and CEO, as filed), filing under that title since 2021-06-04, 5.4 years (top 45% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 5.4 years (bottom 25%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 42%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 13 peoplebottom 42% of its family
  • the median years the people in charge have filed5.4 yearsbottom 25% of its family
  • the chief executive's years on the record5.4 yearstop 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
8.1/10

How much room does it have to grow?

top 19% of 16 in its family for room to expand.

weight 22% of this tense · 81st percentile among 16 sector filers · read for itself

From the record

DT Midstream, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $54 million against debt of $3.3 billion leaves -32.4% of its assets as net cash, top 16% of its family; cash from operations less capital spending is 35.5% of revenue (top 23%) (its annual report).

What it rests on

  • cash less debt against assets-32.4%top 16% of its family
  • cash from operations less capital spending against revenue35.5%top 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.4/10

What could actually drive growth from here?

top 46% of 16 in its family for growth drivers.

weight 45% of this tense · 54th percentile among 16 sector filers · read for its customers

From the record

DT Midstream, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 10.5% a year over the last three filed years against 16.2% over all 7, slowing (bottom 47% of its family); the newest year grew 26.7% (top 16%); capital spending grew 8% a year (bottom 30%) (its annual reports). DT Midstream, Inc. reported 2 lines of business in fiscal 2025: Pipeline at $687 million (55%), Gathering at $556 million (45%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-5.7 points a yearbottom 47% of its family
  • the newest year's revenue growth26.7%top 16% of its family
  • three-year growth of capital spending8.0%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.2/10

Did its newest year beat what its own record pointed to?

top 48% of 15 in its family for expectations against reality.

weight 33% of this tense · 52nd percentile among 15 sector filers · read for its shareholders

From the record

DT Midstream, Inc.'s newest year against its own record: revenue of $1.2 billion in fiscal 2025 came in 22.7% above the $1.0 billion its prior three years' pace pointed to (top 10% of its family); net income of $441 million against a prior three-year average of $369 million (bottom 43%); a net margin of 35.5% against 39.3% before (bottom 23%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace22.7%top 10% of its family
  • net income against the prior three years' average+19%bottom 43% of its family
  • net margin against its prior average-3.8 pointsbottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DTM · research, not advice