Skip to main content
DTM $136.90 +1.57%
DTM logo

DTM · DT Midstream, Inc.

Track DTM — free
$136.90 +2.11 (+1.57%) At close · Aug 14
Market Cap
$13.97B
Shares
102.02M
All earnings calls

Earnings call · FY2026 Q2

DT Midstream 2Q 2026 Earnings Conference Call

DT Midstream 2Q 2026 Earnings Conference Call

Concluded Jul 30, 2026 Audio replay
Jul 30, 2026 3:14 6 turns
Period
FY2026 Q2
Runtime
3:14
Sources
4 artifacts

Executive readout · one minute

What matters this quarter

DT Midstream reported Q2 2026 net income of $112 million and Adjusted EBITDA of $305 million, with $2 billion of organic growth projects now commercialized, and reaffirmed 2026 Adjusted EBITDA guidance of $1.155 to $1.225 billion.

Nexus pipeline capacity and expansion 18 Demand outlook and competition 8 Northwestern Ohio / last-mile connectivity strategy 4 Contracted capacity and recontracting 3

Management tone

Positive

Net tone +18 · low hedging

Grounding quotes
  • “we're in a really good position to drop incremental compression on the asset to expand it”
  • “the market is ripening, I'll say it that way”
  • “we want to just be strategic and patient as we address the market demand that's materializing”
  • “Nexus sits on probably the vast majority of that. So it's in a pretty attractive spot”

Forward guidance

2 guided metrics

Management's latest ranges and targets are included below.

Research coverage

4 live sources

Switch sources without leaving this page or losing your listening position.

Revenue $343.00M +11% YoY
Diluted EPS $1.09 +4.8% YoY
Net income $112.00M +4.7% YoY

Research materials

Open the source you need; every reader stays inside this workspace.

Key takeaways

What improved, and what deserves a closer read.

Constructive signals

  • Reported Q2 net income of $112 million ($1.09 per diluted share) and Adjusted EBITDA of $305 million, with the company on track to meet 2026 financial goals
  • Organic growth backlog now totals $2 billion of commercialized projects
  • Executed new long-term contracts supporting a Haynesville system expansion, including Phase 5 of LEAP adding 200 MMcf/d of capacity
  • Reached a final investment decision on the first phase of Viking Gas Transmission modernization
  • Filed the FERC 7(c) application for the Guardian Pipeline G3 expansion project
  • Reaffirmed 2026 Adjusted EBITDA guidance of $1.155 to $1.225 billion and 2027 early outlook range of $1.225 to $1.295 billion, with a $0.88 per share quarterly dividend declared

Key moments

Jump directly to management's words in the synchronized transcript.

Forward guidance

From the 8-K filed Jul 30, 2026.

Metric Guided
Adjusted EBITDA
2026
$1.16B – $1.23B
Adjusted EBITDA
2027
$1.23B – $1.3B

Quarter detail

How the reported period landed and where the business moved.

Capital returned

Dividend / share
$0.88
Full-screen source Call document