| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 314.00 | 1.6% | 26.6% |
| Total Income | 314.00 | 1.6% | 26.6% |
| Expenditure | 159.00 | 3.3% | 26.2% |
| PBT | 153.00 | 5.5% | 26.4% |
| Net Profit | 115.00 | 7.5% | 30.7% |
| OPM | 49.36% | 0.80pp | 0.17pp |
| NPM | 36.62% | 2.00pp | 1.14pp |
| EPS | 1.14 | 8.6% | 25.3% |
DT Midstream Reports Q3 2025 Net Income of $115 Million
04 May 2026 · 4 May, 8:25 am
Summary
DT Midstream reported a strong third quarter in 2025, with net income and operating earnings both at $115 million, or $1.13 per diluted share. Adjusted EBITDA for the quarter reached $288 million. The company's performance has led to an increase in Adjusted EBITDA guidance for 2025, now expected to be between $1,115 and $1,145 million. The Board of Directors has declared a dividend of $0.82 per share. The company also reached a final investment decision on the Guardian Pipeline expansion and placed the LEAP Phase 4 expansion project in-service early and on budget.
Key Highlights
- 1
DT Midstream reported net income of $115 million, or $1.13 per diluted share, for the third quarter of 2025.
- 2
Operating Earnings for Q3 2025 were $115 million, or $1.13 per diluted share.
- 3
Adjusted EBITDA for the quarter was $288 million.
- 4
The company's Board of Directors declared a $0.82 per share dividend on its common stock.
- 5
Adjusted EBITDA guidance for 2025 was increased to $1,115 - $1,145 million.
- 6
A final investment decision was reached on an upsized Guardian Pipeline “G3” expansion of approximately 537 MMcf/d.
- 7
The LEAP Phase 4 expansion project was placed in-service early and on budget.
Management Comments
David Slater
“We continue our strong performance in 2025,” said David Slater, President and CEO. “And we made great progress during the quarter on both the commercial and construction fronts.”
Jeff Jewell
“Our year-to-date results are ahead of plan,” said Jeff Jewell, Executive Vice President and CFO. “Our strong performance and outlook for the balance of the year are leading us to increase our Adjusted EBITDA guidance for 2025 to $1,115 - $1,145 million.”
Informational and educational content only. Not investment advice.