Filing Flows › DT Midstream (DTM) › Q3 2026
DT Midstream (DTM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
DT Midstream (DTM) reported revenue of $336M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -2% from the quarter before. Operating margin was 48.5%, net earnings $118M (35.1% of revenue).
DT Midstream, Q3 2026: revenue $336M (+7% year over year), operating margin 48.5%, net earnings $118M, operating cash flow $275M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $336M | -2% | +7% |
| Operating profit | $163M | -6% | +5% |
| Net earnings | $118M | +5% | +3% |
| Operating cash flow | $275M | +24% | +0.4% |
| Free cash flow | $184M | +57% | +40% |
What changed
Revenue was $336.0M in Q3 2026, up 7% year over year and down 2% from the previous quarter.
Operating profit was $163.0M, a 48.5% margin (down 0.9 points year over year). Of the extra revenue versus Q3 2025, 36% reached operating profit, below the 49% margin then. Total costs grew 9% against revenue growth of 7%. Net earnings were $118.0M, up 3% year over year. The effective tax rate was 25.2%.
Operating cash flow was $275.0M (roughly flat year over year), 225% of net income including minority interests. Non-cash charges added back $71.0M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items added $75.0M. Capital expenditures of $91.0M left free cash flow of $184.0M.
Questions
What was DT Midstream's revenue in the third quarter 2026?
DT Midstream (DTM) reported revenue of $336M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -2% from the quarter before.
Was DT Midstream profitable in the third quarter 2026?
Operating profit was $163M (48.5% of revenue) and net earnings $118M.
Source: DT Midstream 10-Q on SEC EDGAR.