DT Midstream (DTM) Stock Analysis

November 11, 2026

This is a peer-relative look at DT Midstream (DTM): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Energy peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for DT Midstream (DTM)
Profile Item	DTM
Name	DT Midstream, Inc.
Country/Region	United States
GICS Sector	Energy
GICS Industry Group	Energy
GICS Industry	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Storage & Transportation
Market Capitalization	11.60 billion USD
Currency	USD
Exchange	NYSE
Listing Date	July 1, 2021
Security Type	Common Stock

Price Performance

Cumulative Growth

DTM

GSPC

DT Midstream (DTM) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for DT Midstream (DTM) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DT Midstream (DTM) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

DT Midstream (DTM) metric values compared with Energy industry-group medians
Metric	Current stock: DTM	Industry group median
Total Return (1Y)	4.08%	32.08%
Total Return (3Y, Annualized)	32.58%	14.39%
Total Return (5Y, Annualized)	23.68%	15.43%

Risk Profile

Drawdown History

DTM

GSPC

DT Midstream (DTM) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for DT Midstream (DTM) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

DT Midstream (DTM) metric values compared with Energy industry-group medians
Metric	Current stock: DTM	Industry group median
Volatility (1Y, Annualized)	23.13%	41.29%
Beta (5Y)	0.75	0.66
Max Drawdown (5Y)	-24.59%	-52.09%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. DTM is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

DT Midstream (DTM) metric values compared with Energy industry-group medians
Metric	Current stock: DTM	Industry group median
Sharpe Ratio (1Y)	-0.01	0.67
Sortino Ratio (1Y)	-0.01	1.01

Profitability

ROE (TTM)

DT Midstream (DTM) posts ROE of 9.92%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

DTM

Energy industry group

9.92%

Group distribution

Max: 53.85%
Q3: 24.79%
Median: 12.85%
DTM: 9.92%
Q1: 2.03%
Min: -29.09%

Largest peers

PBR: 30.27%
TTE: 17.83%
COP: 17.66%
SHEL: 17.43%
XOM: 15.53%
CVX: 13.85%
DTM: 9.92%

Where DT Midstream (DTM) stands on ROE within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

DT Midstream (DTM) keeps 35.36% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

DTM

Energy industry group

35.36%

Group distribution

Max: 56.92%
DTM: 35.36%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Largest peers

DTM: 35.36%
PBR: 24.32%
COP: 16.76%
CVX: 11.92%
XOM: 10.46%
TTE: 10.46%
SHEL: 10.18%

Where DT Midstream (DTM) stands on net margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

DT Midstream (DTM) turns 49.11% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

DTM

Energy industry group

49.11%

Group distribution

Max: 71.31%
DTM: 49.11%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Largest peers

DTM: 49.11%
PBR: 44.68%
COP: 30.05%
TTE: 24.51%
SHEL: 18.76%
CVX: 17.89%
XOM: 16.98%

Where DT Midstream (DTM) stands on operating margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

DT Midstream (DTM) metric values compared with Energy industry-group medians
Metric	Current stock: DTM	Industry group median
ROE (TTM)	9.92%	12.85%
ROA (TTM)	4.05%	5.49%
Net Margin (TTM)	35.36%	10.10%
Operating Margin (TTM)	49.11%	18.73%
Gross Margin (TTM)	75.38%	44.52%

Growth

Revenue Growth

DT Midstream (DTM) grew revenue 26.71%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

DT Midstream (DTM): Revenue Growth across different time periods, set against Energy industry-group medians.

EPS Growth

DT Midstream (DTM) grew earnings per share 19.44%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

DT Midstream (DTM): EPS Growth across different time periods, set against Energy industry-group medians.

Growth Metrics

DT Midstream (DTM) metric values compared with Energy industry-group medians
Metric	Current stock: DTM	Industry group median
Revenue Growth (YoY)	26.71%	0.51%
Revenue Growth (3Y CAGR)	10.55%	0.37%
EPS Growth (YoY)	19.44%	-11.75%
EPS Growth (3Y CAGR)	4.12%	-12.07%

Financial Strength

Current Ratio (MRQ)

DT Midstream (DTM) has current ratio of 1.16, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

DTM

Energy industry group

1.16

Group distribution

Max: 3.64
Q3: 2.21
Median: 1.41
DTM: 1.16
Q1: 0.88
Min: 0.24

Largest peers

COP: 1.52
SHEL: 1.38
CVX: 1.34
XOM: 1.19
DTM: 1.16
TTE: 1.11
PBR: 0.85

Where DT Midstream (DTM) stands on current ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

DT Midstream (DTM) has debt-to-equity ratio of 0.67, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

DTM

Energy industry group

0.67

Group distribution

Max: 1.75
Q3: 0.93
DTM: 0.67
Median: 0.54
Q1: 0.30
Min: 0.00

Largest peers

PBR: 0.76
DTM: 0.67
TTE: 0.46
SHEL: 0.38
COP: 0.35
CVX: 0.17
XOM: 0.13

Where DT Midstream (DTM) stands on debt-to-equity ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

DT Midstream (DTM) metric values compared with Energy industry-group medians
Metric	Current stock: DTM	Industry group median
Current Ratio (MRQ)	1.16	1.41
Debt / Equity (MRQ)	0.67	0.54
Net Debt / EBITDA	3.30	1.13

Dividends

Dividend Yield (TTM)

DT Midstream (DTM) has dividend yield of 3.07%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

DTM

Energy industry group

3.07%

Group distribution

Max: 8.57%
Q3: 3.58%
DTM: 3.07%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Largest peers

PBR: 19.51%
TTE: 4.58%
CVX: 3.31%
DTM: 3.07%
XOM: 2.49%
COP: 2.48%
SHEL: 1.54%

Where DT Midstream (DTM) stands on dividend yield within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

DT Midstream (DTM) has payout ratio of 75.38%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

DTM

Energy industry group

75.38%

Group distribution

Max: 133.24%
DTM: 75.38%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Largest peers

DTM: 75.38%
CVX: 51.76%
XOM: 42.39%
TTE: 39.93%
COP: 35.41%
PBR: 28.93%
SHEL: 26.24%

Where DT Midstream (DTM) stands on payout ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

DT Midstream (DTM) metric values compared with Energy industry-group medians
Metric	Current stock: DTM	Industry group median
Dividend Yield (TTM)	3.07%	1.71%
Dividend Payout Ratio (TTM)	75.38%	25.24%

Valuation

P/E Ratio (TTM)

DT Midstream (DTM) trades at P/E ratio of 24.76, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

DTM

Energy industry group

24.76

Group distribution

Max: 39.54
DTM: 24.76
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

Largest peers

DTM: 24.76
XOM: 17.06
CVX: 15.61
COP: 14.36
TTE: 8.76
SHEL: 8.60
PBR: 4.68

Where DT Midstream (DTM) stands on P/E ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

DT Midstream (DTM) trades at 8.70 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

DTM

Energy industry group

8.70

Group distribution

DTM: 8.70
Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

Largest peers

DTM: 8.70
COP: 2.34
CVX: 1.83
XOM: 1.74
TTE: 0.90
SHEL: 0.87
PBR: 0.22

Where DT Midstream (DTM) stands on P/S ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

DT Midstream (DTM) trades at 2.41 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

DTM

Energy industry group

2.41

Group distribution

Max: 4.21
DTM: 2.41
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Largest peers

XOM: 2.55
COP: 2.44
DTM: 2.41
CVX: 2.13
TTE: 1.46
SHEL: 1.43
PBR: 1.25

Where DT Midstream (DTM) stands on P/B ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

DT Midstream (DTM) metric values compared with Energy industry-group medians
Metric	Current stock: DTM	Industry group median
P/E Ratio (TTM)	24.76	12.19
P/S Ratio (TTM)	8.70	1.69
P/B Ratio (MRQ)	2.41	1.51
Free Cash Flow Yield (TTM)	2.27%	5.94%