Filing Flows › DT Midstream (DTM) › Q2 2026
DT Midstream (DTM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
DT Midstream (DTM) reported revenue of $343M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +2% from the quarter before. Operating margin was 50.4%, net earnings $112M (32.7% of revenue).
DT Midstream, Q2 2026: revenue $343M (+11% year over year), operating margin 50.4%, net earnings $112M, operating cash flow $222M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $343M | +2% | +11% |
| Operating profit | $173M | +4% | +12% |
| Net earnings | $112M | -14% | +5% |
| Operating cash flow | $222M | -21% | +20% |
| Free cash flow | $117M | -42% | +12% |
What changed
Revenue was $343.0M in Q2 2026, up 11% year over year and up 2% from the previous quarter.
Operating profit was $173.0M, a 50.4% margin (up 0.3 points year over year). Of the extra revenue versus Q2 2025, 53% reached operating profit, above the 50% margin then. Total costs grew 10% against revenue growth of 11%. Net earnings were $112.0M, up 5% year over year. The effective tax rate was 31.4%.
Operating cash flow was $222.0M (up 20% year over year), 191% of net income including minority interests. Non-cash charges added back $68.0M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $32.0M. Capital expenditures of $105.0M left free cash flow of $117.0M.
Questions
What was DT Midstream's revenue in the second quarter 2026?
DT Midstream (DTM) reported revenue of $343M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +2% from the quarter before.
Was DT Midstream profitable in the second quarter 2026?
Operating profit was $173M (50.4% of revenue) and net earnings $112M.
Source: DT Midstream 10-Q on SEC EDGAR.