Filing Flows › DT Midstream (DTM) › Q2 2026 › vs Q2 2025
DT Midstream (DTM) Q2 2026 vs Q2 2025 (year over year)
DT Midstream's revenue rose $34.0M (+11%) from $309M in Q2 2025 to $343M in Q2 2026. Operating margin 50.4% against 50.2% (+0.3 pts).
DT Midstream, Q2 2026: revenue $343M (+11% year over year), operating margin 50.4%, net earnings $112M, operating cash flow $222M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 50.4% | 50.2% | +0.3 pts |
| Net margin | 32.7% | 34.6% | -2.0 pts |
| Free cash flow margin | 34.1% | 33.7% | +0.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $343M | $309M | $34.0M | +11% |
| Operating profit | $173M | $155M | $18.0M | +12% |
| Costs & expenses | $170M | $154M | $16.0M | +10% |
| Pre-tax earnings | $169M | $145M | $24.0M | +17% |
| Other expense, net | $4.0M | $10.0M | −$6.0M | -60% |
| Net earnings | $112M | $107M | $5.0M | +5% |
| Minority interests | $4.0M | $4.0M | $0 | 0% |
| Income tax | $53.0M | $34.0M | $19.0M | +56% |
| Depreciation & amortization | $68.0M | $63.0M | $5.0M | +8% |
| Share-based compensation | $6.0M | $6.0M | $0 | 0% |
| Working capital & other | $36.0M | $9.0M | $27.0M | +300% |
| Operating cash flow | $222M | $185M | $37.0M | +20% |
| Free cash flow (OCF − capex) | $117M | $104M | $13.0M | +12% |
| Capital expenditures | $105M | $81.0M | $24.0M | +30% |
Questions
How much did DT Midstream's revenue grow year over year in Q2 2026?
DT Midstream's revenue rose $34.0M (+11%) from $309M in Q2 2025 to $343M in Q2 2026. Operating margin 50.4% against 50.2% (+0.3 pts).