Filing Flows › DT Midstream (DTM) › Q3 2026 › vs Q2 2026
DT Midstream (DTM) Q3 2026 vs Q2 2026 (quarter over quarter)
DT Midstream's revenue fell $7.0M (-2%) from $343M in Q2 2026 to $336M in Q3 2026. Operating margin 48.5% against 50.4% (-1.9 pts).
DT Midstream, Q3 2026: revenue $336M (+7% year over year), operating margin 48.5%, net earnings $118M, operating cash flow $275M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 48.5% | 50.4% | -1.9 pts |
| Net margin | 35.1% | 32.7% | +2.5 pts |
| Free cash flow margin | 54.8% | 34.1% | +20.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $336M | $343M | −$7.0M | -2% |
| Operating profit | $163M | $173M | −$10.0M | -6% |
| Costs & expenses | $173M | $170M | $3.0M | +2% |
| Pre-tax earnings | $163M | $169M | −$6.0M | -4% |
| Net earnings | $118M | $112M | $6.0M | +5% |
| Minority interests | $4.0M | $4.0M | $0 | 0% |
| Income tax | $41.0M | $53.0M | −$12.0M | -23% |
| Depreciation & amortization | $71.0M | $68.0M | $3.0M | +4% |
| Share-based compensation | $7.0M | $6.0M | $1.0M | +17% |
| Working capital & other | $79.0M | $36.0M | $43.0M | +119% |
| Operating cash flow | $275M | $222M | $53.0M | +24% |
| Free cash flow (OCF − capex) | $184M | $117M | $67.0M | +57% |
| Capital expenditures | $91.0M | $105M | −$14.0M | -13% |
Questions
How much did DT Midstream's revenue grow quarter over quarter in Q3 2026?
DT Midstream's revenue fell $7.0M (-2%) from $343M in Q2 2026 to $336M in Q3 2026. Operating margin 48.5% against 50.4% (-1.9 pts).