Filing Flows › DT Midstream (DTM) › Q3 2026 › vs Q3 2025
DT Midstream (DTM) Q3 2026 vs Q3 2025 (year over year)
DT Midstream's revenue rose $22.0M (+7%) from $314M in Q3 2025 to $336M in Q3 2026. Operating margin 48.5% against 49.4% (-0.9 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 48.5% | 49.4% | -0.9 pts |
| Net margin | 35.1% | 36.6% | -1.5 pts |
| Free cash flow margin | 54.8% | 41.7% | +13.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $336M | $314M | $22.0M | +7% |
| Operating profit | $163M | $155M | $8.0M | +5% |
| Costs & expenses | $173M | $159M | $14.0M | +9% |
| Pre-tax earnings | $163M | $153M | $10.0M | +7% |
| Net earnings | $118M | $115M | $3.0M | +3% |
| Minority interests | $4.0M | $3.0M | $1.0M | +33% |
| Income tax | $41.0M | $35.0M | $6.0M | +17% |
| Depreciation & amortization | $71.0M | $65.0M | $6.0M | +9% |
| Share-based compensation | $7.0M | $7.0M | $0 | 0% |
| Working capital & other | $79.0M | $87.0M | −$8.0M | -9% |
| Operating cash flow | $275M | $274M | $1.0M | +0.4% |
| Free cash flow (OCF − capex) | $184M | $131M | $53.0M | +40% |
| Capital expenditures | $91.0M | $143M | −$52.0M | -36% |
Questions
How much did DT Midstream's revenue grow year over year in Q3 2026?
DT Midstream's revenue rose $22.0M (+7%) from $314M in Q3 2025 to $336M in Q3 2026. Operating margin 48.5% against 49.4% (-0.9 pts).