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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›DTM›Financials
Annual statements · SEC XBRL · FY2019 – FY2025

DT Midstream, Inc. (DTM) financials

Income statement

DT Midstream, Inc. (DTM) income statement, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$504M$754M$840M$920M$922M$981M$1.24B
Revenue growth—49.6%11.4%9.5%0.2%6.4%26.7%
Operating income$261M$414M$402M$478M$471M$489M$614M
Operating margin51.8%54.9%47.9%52.0%51.1%49.8%49.4%
Net income$204M$312M$307M$370M$384M$354M$441M
Net margin40.5%41.4%36.5%40.2%41.6%36.1%35.5%
EPS (diluted)$2.11$3.23$3.16$3.81$3.94$3.60$4.30

Cash flow

DT Midstream, Inc. (DTM) cash flow, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$390M$597M$572M$725M$798M$763M$867M
Capital expenditures$211M$518M$140M$338M$772M$350M$426M
Free cash flow$179M$79.0M$432M$387M$26.0M$413M$441M
Share buybacks—$0.00$0.00$3.00M$0.00——
Dividends paid$0.00$0.00$58.0M$244M$263M$280M$324M

Balance sheet

DT Midstream, Inc. (DTM) balance sheet, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$46.0M$42.0M$132M$61.0M$56.0M$68.0M$54.0M
Total assets$7.79B$8.34B$8.17B$8.83B$8.98B$9.94B$10.1B
Total liabilities—$4.11B$4.14B$4.68B$4.70B$5.17B$5.20B
Long-term debt—$0.00$3.04B$3.06B$3.06B$3.32B$3.32B
Shareholders' equity$3.72B$4.23B$3.87B$4.01B$4.14B$4.63B$4.74B
Retained earnings—$751M$431M$547M$661M$723M$827M
Shares (wtd avg diluted)96.7M96.7M96.9M97.2M97.5M98.4M103M

Every figure is extracted from DT Midstream, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is DT Midstream, Inc.'s annual revenue?
DT Midstream, Inc. (DTM) reported $1.24B of revenue for fiscal year 2025 — up 26.7% from $981M in FY2024, per its annual report filed with the SEC.
Is DT Midstream, Inc. profitable?
Yes — DTM earned $441M of net income in FY2025, a 35.5% net margin, per SEC filings.
What is DT Midstream, Inc.'s free cash flow?
$441M in FY2025 (operating cash flow $867M minus $426M of capital expenditures), from the SEC cash-flow statement.
Does DTM pay a dividend?
Yes — DT Midstream, Inc. paid $324M in cash dividends during FY2025, per its SEC cash-flow statement.
Full DTM analysis — verdict, score & filings →Is DTM a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.