Filing Flows › DT Midstream (DTM) › Q1 2026
DT Midstream (DTM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
DT Midstream (DTM) reported revenue of $336M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +6% from the quarter before. Operating margin was 49.4%, net earnings $130M (38.7% of revenue).
DT Midstream, Q1 2026: revenue $336M (+11% year over year), operating margin 49.4%, net earnings $130M, operating cash flow $280M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $336M | +6% | +11% |
| Operating profit | $166M | +6% | +12% |
| Net earnings | $130M | +17% | +20% |
| Operating cash flow | $280M | +74% | +13% |
| Free cash flow | $202M | +573% | +15% |
What changed
Revenue was $336.0M in Q1 2026, up 11% year over year and up 6% from the previous quarter.
Operating profit was $166.0M, a 49.4% margin (up 0.6 points year over year). Of the extra revenue versus Q1 2025, 55% reached operating profit, above the 49% margin then. Total costs grew 10% against revenue growth of 11%. Net earnings were $130.0M, up 20% year over year. The effective tax rate was 21.2%.
Operating cash flow was $280.0M (up 13% year over year), 209% of net income including minority interests. Non-cash charges added back $69.0M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $71.0M. Capital expenditures of $78.0M left free cash flow of $202.0M.
Questions
What was DT Midstream's revenue in the first quarter 2026?
DT Midstream (DTM) reported revenue of $336M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +6% from the quarter before.
Was DT Midstream profitable in the first quarter 2026?
Operating profit was $166M (49.4% of revenue) and net earnings $130M.
Source: DT Midstream 10-Q on SEC EDGAR.