| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 343.00 | 2.1% | 11.0% |
| Total Income | 343.00 | 2.1% | 11.0% |
| Expenditure | 170.00 | 0.0% | 10.4% |
| PBT | 169.00 | 0.6% | 16.6% |
| Net Profit | 112.00 | 13.8% | 4.7% |
| OPM | 50.44% | 1.03pp | 0.27pp |
| NPM | 32.65% | 6.04pp | 1.98pp |
| EPS | 1.10 | 14.1% | 4.8% |
DT Midstream Reports Strong Second Quarter 2026 Results
30 Jul 2026 · 30 Jul, 4:21 pm
Summary
DT Midstream announced strong second quarter 2026 financial results, reporting net income of $112 million, or $1.09 per diluted share, and Adjusted EBITDA of $305 million. The company reaffirmed its full-year 2026 Adjusted EBITDA guidance and provided an early outlook for 2027. Key business updates include the execution of new long-term contracts for a Haynesville system expansion and reaching a final investment decision on the Viking Gas Transmission modernization project.
Key Highlights
- 1
DT Midstream reported second quarter 2026 net income of $112 million, or $1.09 per diluted share.
- 2
Adjusted EBITDA for the second quarter of 2026 was $305 million.
- 3
The company reaffirmed its 2026 Adjusted EBITDA guidance of $1.155 to $1.225 billion and its 2027 Adjusted EBITDA early outlook range of $1.225 to $1.295 billion.
- 4
DT Midstream executed new long-term contracts supporting a Haynesville system expansion, including Phase 5 of LEAP, which will add 200 MMcf/d of capacity.
- 5
The company reached a final investment decision on the first phase of Viking Gas Transmission modernization.
- 6
DT Midstream filed the FERC 7(c) application for the Guardian Pipeline “G3” expansion project in late June.
Management Comments
David Slater
We delivered another strong quarter, with the business progressing in line with our full-year plan. We continue to advance our organic growth backlog, with $2 billion of projects now commercialized.
Jeff Jewell
Our second quarter performance keeps us firmly on track to meet our financial goals for 2026 and we are reaffirming our 2026 Adjusted EBITDA guidance of $1.155 to $1.225 billion and our 2027 Adjusted EBITDA early outlook range of $1.225 to $1.295 billion.
Informational and educational content only. Not investment advice.