$DTM · DT Midstream, Inc.
DT Midstream filed an 8-K furnishing Q3 2026 results (quarter ended September 30, 2026). Reported net income was $118 million, or $1.16 per diluted share, with Operating Earnings also $118 million and Adjusted EBITDA of $301 million. The company raised full-year 2026 Adjusted EBITDA guidance to $1,185-$1,225 million and declared a $0.88 per share quarterly dividend payable January 15, 2027 to holders of record December 15, 2026.
- Q3 net income of $118 million, or $1.16 per diluted share, with Operating Earnings also $1.16 per share.
- Q3 Adjusted EBITDA of $301 million, down slightly from $305 million in Q2 2026.
- 2026 Adjusted EBITDA guidance raised to $1,185-$1,225 million.
- Quarterly dividend of $0.88 per share declared, payable January 15, 2027.
- Three growth projects reached final investment decision, including MIST Southbound Phase 1 adding ~300 MMcf/d.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
A guidance raise plus a $2.4 billion committed growth backlog signals accelerating midstream expansion despite a slight sequential dip in Adjusted EBITDA.
Midstream peers are competing on committed organic growth backlogs; DTM's $2.4 billion committed projects and guidance raise signal capacity expansion tied to power-plant demand.
Guidance excludes non-routine items (impairments, divestiture/acquisition costs) that could materially affect reported net income; no GAAP reconciliation is provided for Adjusted EBITDA guidance.