DT Midstream, Inc. (DTM) Valuation — DCF, Graham & Comparables

DT Midstream, Inc. (DTM) — Price $124.85 (intraday price, October 28, 2026) — Energy — Oil & Gas Midstream — NYSE

Latest reported results:

Valuation dashboard for DT Midstream, Inc. (DTM) with P/E 27.38, P/B 2.74, EV/EBITDA 14.91 and dividend yield 2.69%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.

DT Midstream, Inc. is a U.S.-based company offering a comprehensive suite of natural gas infrastructure and related services. The organization's operations are divided into two primary divisions: Pipeline and Gathering. It is responsible for the development, ownership, and management of an interconnected network of assets.

Analysis Summary

DT Midstream, Inc. reported revenue of $1.24B in the most recent fiscal year, growing at a 5-year CAGR of 10.5%. Net income reached $441.0M, with a 7.2% 5-year CAGR.

Trailing-twelve-month margins: gross margin 63.2%, operating margin 49.7%, net margin 35.7%.

At $124.85 (intraday price, October 28, 2026), DTM trades at a P/E of 27.38 and an ROE of 9.87%. Market capitalisation stands at $12.7B, placing it among large-cap names.

Balance sheet quality for DTM: current ratio of 1.1. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio27.38
Price / Book2.74
EV / EBITDA14.91
Dividend Yield2.69%

Valuation Models

DCF Fair Value$95.18
vs Current Price-23.8%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
DTMDT Midstream, Inc.$12.7B27.382.749.9%
WMBThe Williams Companies, Inc.$90.8B29.476.8923.9%
KMIKinder Morgan, Inc.$74.8B20.722.3711.5%
MPLXMPLX Lp$59.7B12.674.2433.4%
OKEONEOK, Inc.$59.6B16.302.5617.9%
WESWestern Midstream Partners, LP$18.6B14.074.2134.1%
AMAntero Midstream Corporation$9.8B24.705.1520.2%
HESMHess Midstream LP$6.3B10.567.9169.0%

Price

Price$124.85 (intraday price, October 28, 2026)
Market Cap$12.7B
ExchangeNYSE
CountryUS

Profitability

Return on Equity9.87%
Return on Invested Capital4.89%
Return on Assets4.59%
Gross Margin63.21%
Operating Margin49.69%
Net Margin35.73%

Related companies: WMB · KMI · MPLX · OKE · WES · AM · HESM · KNTK

Explore sector: Energy · Oil & Gas Midstream

More sections of DTM: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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