The earnings call highlighted strong financial performance, reaffirmation of EBITDA guidance, significant investment in growth projects, and achievement of investment grade ratings. However, it also noted some challenges, including decreased EBITDA in the pipeline segment and lower volumes in the Northeast. Overall, the sentiment is positive with an outlook for continued growth and stability.

Company Guidance -

Q3 2025

During DT Midstream's second quarter 2025 earnings call, the company reaffirmed its 2025 adjusted EBITDA guidance range and provided an early outlook for 2026. Key metrics highlighted included the achievement of Final Investment Decision (FID) on approximately $600 million of new organic growth projects, with 90% allocated to the pipeline segment. The company announced the expansion of Guardian Pipeline, increasing its capacity by 15% under a 20-year contract. Additionally, DT Midstream placed three gathering projects into service and noted a record 1.74 Bcf per day in Haynesville gathering volumes, a 16% increase year-over-year. The call also emphasized the expected 16 Bcf per day increase in LNG feed gas demand through 2035 and a 22% increase in PJM capacity auction prices, indicating strong power demand growth. The company plans to invest $1.1 billion of its $2.3 billion backlog, bolstered by recent investment-grade ratings from Moody's and S&P.

Adjusted EBITDA Guidance Reaffirmed

DT Midstream reaffirmed its 2025 adjusted EBITDA guidance range and its 2026 adjusted EBITDA early outlook range, indicating strong financial performance and confidence in future growth.

Significant New Investment Projects

FID on approximately $600 million of new organic growth projects, with 90% focused on the growing pipeline segment. Key projects include a 15% capacity expansion of the Guardian Pipeline and the first phase of the interstate pipelines modernization program.

Record Throughput in Haynesville

Total gathering volumes for Haynesville averaged 1.74 Bcf per day, an all-time record for the system, marking a 16% increase over the second quarter of 2024.

Investment Grade Rating Achieved

The company was upgraded to investment grade by both Moody's and S&P, joining Fitch Rating, marking a significant achievement and strategic goal for DT Midstream.

Dividend Commitment

The Board approved a second quarter dividend of $0.82 per share, with a commitment to grow the dividend 5% to 7% per year, aligning with long-term adjusted EBITDA growth.

DT Midstream (DTM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DTM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.08 / -	0.9	―	―	―
Jul 31, 2025	2025 (Q2)	1.01 / 1.04	0.98	6.12% (+0.06)
Apr 30, 2025	2025 (Q1)	1.08 / 1.06	0.99	7.07% (+0.07)
Feb 26, 2025	2024 (Q4)	0.89 / 0.73	1.24	-41.13% (-0.51)
Oct 29, 2024	2024 (Q3)	0.94 / 0.90	0.94	-4.26% (-0.04)
Jul 30, 2024	2024 (Q2)	0.92 / 0.98	0.93	5.38% (+0.05)
Apr 30, 2024	2024 (Q1)	0.94 / 0.99	0.84	17.86% (+0.15)
Feb 16, 2024	2023 (Q4)	0.92 / 1.24	0.88	40.91% (+0.36)
Nov 01, 2023	2023 (Q3)	0.90 / 0.94	1.16	-18.97% (-0.22)
Aug 01, 2023	2023 (Q2)	0.87 / 0.93	0.93	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DTM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$101.41	$102.73	+1.30%
Apr 30, 2025	$97.77	$96.45	-1.35%
Feb 26, 2025	$94.25	$93.37	-0.93%
Oct 29, 2024	$85.37	$87.21	+2.16%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Dt Midstream, Inc. (DTM) report earnings?

Dt Midstream, Inc. (DTM) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Dt Midstream, Inc. (DTM) earnings time?

Dt Midstream, Inc. (DTM) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DTM EPS forecast?

DTM EPS forecast for the fiscal quarter 2025 (Q3) is 1.08.

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