DT Midstream Q2 Net Income Slips to $112M, Reaffirms 2026 EBITDA Guidance
DTM sits 39% above its 52-week low of $99.745.
Summary
DT Midstream reported Q2 net income of $112 million and adjusted EBITDA of $305 million, down sequentially from Q1's robust results but in line with its full-year plan. The company reaffirmed its 2026 adjusted EBITDA guidance of $1.155–$1.225 billion and provided an early 2027 outlook of $1.225–$1.295 billion, signaling confidence in its growth trajectory. Progress on organic projects, including $2 billion commercialized and new Haynesville contracts adding 200 MMcf/d of capacity, supports the outlook. A $0.88 per share dividend was declared, payable October 15. The sequential income dip is modest and expected given project timing; the reaffirmed guidance and new 2027 range are the key takeaways for traders.
At the time of this announcement, DTM was trading at $138.40 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $13.9B. The 52-week trading range was $99.75 to $152.88. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.