Filing Flows › DT Midstream (DTM) › How it makes money
How DT Midstream (DTM) makes money
DT Midstream (DTM) made $336M of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Of every dollar of revenue, 49¢ was left as operating profit, 35¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $336M | 100.0% |
| Operating profit | $163M | 48.5% |
| Income tax | $41.0M | 12.2% |
| Net earnings | $118M | 35.1% |
| Operating cash flow | $275M | 81.8% |
| Free cash flow | $184M | 54.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $336M | +7% |
| Q2 2026 | $343M | +11% |
| Q1 2026 | $336M | +11% |
| Q4 2025 | $317M | +27% |
| Q3 2025 | $314M | +27% |
| Q2 2025 | $309M | +27% |
| Q1 2025 | $303M | +26% |
From DT Midstream's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does DT Midstream make money?
DT Midstream (DTM) made $336M of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Of every dollar of revenue, 49¢ was left as operating profit, 35¢ was left as net earnings.
What is DT Midstream's profit margin?
Net earnings were $118M, 35.1% of revenue, in the third quarter 2026; the operating margin was 48.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.