Quarterly ResultApr 30, 2026, 06:57 AM
DTM Q1 Net Income $130M, EPS $1.27; Declares $0.88 Dividend
AI Summary
DT Midstream, Inc. reported strong first-quarter 2026 financial results, with net income and operating earnings both at $130 million, or $1.27 per diluted share, and Adjusted EBITDA of $308 million. The company's Board of Directors also declared a quarterly cash dividend of $0.88 per share. DT Midstream reaffirmed its 2026 and 2027 Adjusted EBITDA guidance and highlighted progress on new interstate pipeline growth projects, including approved investments and successful open seasons.
Key Highlights
- Q1 2026 Net Income: $130 million; Operating Earnings: $130 million.
- Q1 2026 Diluted EPS: $1.27.
- Q1 2026 Adjusted EBITDA: $308 million.
- Declared a quarterly cash dividend of $0.88 per share, payable July 15, 2026.
- Approved investments in Vector Pipeline 2028 expansion and Millennium Pipeline R2R project.
- Reaffirmed 2026 Adjusted EBITDA guidance of $1,155 million to $1,225 million.
- Pipeline segment Adjusted EBITDA was $214 million.
- Gathering segment Adjusted EBITDA was $94 million.