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DTM vs. PBA: DT Midstream vs. Pembina Pipeline Stock Comparison

How do DT Midstream (DTM) and Pembina Pipeline (PBA) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

DT Midstream (DTM) and Pembina Pipeline (PBA) are both classified in the Oil & Gas Storage & Transportation sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for DT Midstream (DTM) and Pembina Pipeline (PBA)
Profile ItemDTMPBA
NameDT Midstream, Inc.Pembina Pipeline Corp.
Country/RegionUnited StatesCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Storage & Transportation
Market Capitalization11.60 billion USD28.08 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 1, 2021October 6, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DTM
PBA
GSPC
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DT Midstream (DTM) vs. Pembina Pipeline (PBA), with S&P 500 (GSPC) for reference: 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 Pembina Pipeline (PBA). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DT Midstream (DTM) and Pembina Pipeline (PBA). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for DT Midstream (DTM) and Pembina Pipeline (PBA)
MetricDTMPBA
Total Return (1Y)4.08%35.84%
Total Return (3Y, Annualized)32.58%20.26%
Total Return (5Y, Annualized)23.68%12.46%

Risk Profile

Drawdown History

DTM
PBA
GSPC
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DT Midstream (DTM) vs. Pembina Pipeline (PBA), with S&P 500 (GSPC) for reference: 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 Pembina Pipeline (PBA). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for DT Midstream (DTM) and Pembina Pipeline (PBA)
MetricDTMPBA
Volatility (1Y, Annualized)23.13%20.43%
Beta (5Y)0.750.59
Max Drawdown (5Y)-24.59%-27.37%
Avg. Volume (3M)983.33K993.87K

Risk-Adjusted Performance

Risk-Return Positioning

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DTM and PBA are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for DT Midstream (DTM) and Pembina Pipeline (PBA)
MetricDTMPBA
Sharpe Ratio (1Y)-0.011.54
Sortino Ratio (1Y)-0.012.32

Profitability

ROE (TTM)

Both DT Midstream (DTM) at 9.92% and Pembina Pipeline (PBA) at 12.10% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

DTM

Energy industry group

9.92%

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

PBA

Energy industry group

12.10%

Max
53.85%
Q3
24.79%
Median
12.85%
PBA
12.10%
Q1
2.03%
Min
-29.09%
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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both DT Midstream (DTM) at 35.36% and Pembina Pipeline (PBA) at 24.78% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

DTM

Energy industry group

35.36%

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

PBA

Energy industry group

24.78%

Max
56.92%
PBA
24.78%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

DT Midstream (DTM) at 49.11% operates in the top operating margin quartile, ahead of Pembina Pipeline (PBA) at 32.63%, which runs around its industry’s norm.

DTM

Energy industry group

49.11%

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

PBA

Energy industry group

32.63%

Max
71.31%
Q3
33.75%
PBA
32.63%
Median
18.73%
Q1
6.94%
Min
-24.52%
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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for DT Midstream (DTM) and Pembina Pipeline (PBA)
MetricDTMPBA
ROE (TTM)9.92%12.10%
ROA (TTM)4.05%4.65%
Net Margin (TTM)35.36%24.78%
Operating Margin (TTM)49.11%32.63%
Gross Margin (TTM)75.38%38.23%

Growth

Revenue Growth

DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Pembina Pipeline (PBA) at 5.34% is closer to the peer norm — faster top-line expansion for DTM.

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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both DT Midstream (DTM) at 19.44% and Pembina Pipeline (PBA) at -11.33% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DT Midstream (DTM) and Pembina Pipeline (PBA)
MetricDTMPBA
Revenue Growth (YoY)26.71%5.34%
Revenue Growth (3Y CAGR)10.55%-12.50%
EPS Growth (YoY)19.44%-11.33%
EPS Growth (3Y CAGR)4.12%-19.61%

Financial Strength

Current Ratio (MRQ)

DT Midstream (DTM) at 1.16 keeps current ratio within its industry’s typical mid-range, while Pembina Pipeline (PBA) at 0.75 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PBA.

DTM

Energy industry group

1.16

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

PBA

Energy industry group

0.75

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
PBA
0.75
Min
0.24
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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both DT Midstream (DTM) at 0.67 and Pembina Pipeline (PBA) at 0.80 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

DTM

Energy industry group

0.67

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

PBA

Energy industry group

0.80

Max
1.75
Q3
0.93
PBA
0.80
Median
0.54
Q1
0.30
Min
0.00
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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for DT Midstream (DTM) and Pembina Pipeline (PBA)
MetricDTMPBA
Current Ratio (MRQ)1.160.75
Debt / Equity (MRQ)0.670.80
Net Debt / EBITDA3.303.74

Dividends

Dividend Yield (TTM)

Pembina Pipeline (PBA) at 6.13% delivers top-quartile income for its industry, while DT Midstream (DTM) at 3.07% pays a more typical yield — both are credible income propositions, PBA the richer one.

DTM

Energy industry group

3.07%

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

PBA

Energy industry group

6.13%

Max
8.57%
PBA
6.13%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both DT Midstream (DTM) at 75.38% and Pembina Pipeline (PBA) at 86.79% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

DTM

Energy industry group

75.38%

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

PBA

Energy industry group

86.79%

Max
133.24%
PBA
86.79%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for DT Midstream (DTM) and Pembina Pipeline (PBA)
MetricDTMPBA
Dividend Yield (TTM)3.07%6.13%
Dividend Payout Ratio (TTM)75.38%86.79%

Valuation

P/E Ratio (TTM)

Pembina Pipeline (PBA) at 20.12 is near its industry’s usual P/E ratio, while DT Midstream (DTM) at 24.76 sits in the richer quartile — DTM needs stronger growth or earnings quality to justify the premium.

DTM

Energy industry group

24.76

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

PBA

Energy industry group

20.12

Max
39.54
Q3
21.72
PBA
20.12
Median
12.19
Q1
7.71
Min
2.99
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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Pembina Pipeline (PBA) at 3.36 sits in the upper P/S ratio quartile, and DT Midstream (DTM) at 8.70 prices even higher, above its industry range.

DTM

Energy industry group

8.70

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

PBA

Energy industry group

3.36

Max
5.40
PBA
3.36
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both DT Midstream (DTM) at 2.41 and Pembina Pipeline (PBA) at 2.55 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

DTM

Energy industry group

2.41

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

PBA

Energy industry group

2.55

Max
4.21
PBA
2.55
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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DT Midstream (DTM) vs. Pembina Pipeline (PBA): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for DT Midstream (DTM) and Pembina Pipeline (PBA)
MetricDTMPBA
P/E Ratio (TTM)24.7620.12
P/S Ratio (TTM)8.703.36
P/B Ratio (MRQ)2.412.55
Free Cash Flow Yield (TTM)2.27%5.53%