DT Midstream, Inc.
At today's price, DT Midstream, Inc. (DTM) is priced for +18.7% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
DT Midstream is a contracted gas pipeline and gathering operator (roughly 49.5% operating margin) stepping into a growth phase, with a $3.4 billion project backlog and approved expansions funded by about $400 million of 2026 and $440 million of 2027 committed capital. Q1 2026 beat expectations (operating EPS $1.27 versus $1.16, revenue up 10.9% to $336 million, adjusted EBITDA $308 million, distributable cash flow of $274 million), and the stock rose about 9.5% on the print, though management c
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661 institutional managers reported holding DTM in 13F filings for the quarter ended 2026-03-31. Together they hold about 83% of the company; the top 10 hold 43%. 91 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 4.0M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (6.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DTM's share count grew 5.2% over the past five years even with $3.00M spent on repurchases. It pays a dividend, and has paid one every year in our records (5 and counting), raised 4 years straight; the current rate is $3.28 a share annually. Cash returned over the past three years: $821.00M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at DTM over the trailing three years: 2023: 4 buys totaling $35k; 2024: 8 buys totaling $126k; 2025: 5 buys totaling $126k; 2026: 1 buy totaling $25k. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DTM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | -3.4% | +1.0% |
| 2023-11-02 | +6.4% | -4.2% |
| 2024-02-17 | +4.5% | +15.5% |
| 2024-05-01 | -2.4% | +13.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DTM's latest 8-K filings: 2026-05-12 (items 5.02, 9.01); 2026-05-07 (items 5.07); 2026-04-30 (items 2.02, 7.01, 9.01); 2026-02-19 (items 2.02, 7.01, 9.01); 2026-01-29 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.