DT Midstream Reports Third Quarter Net Income of $118 Million and Raises Full-Year Adjusted EBITDA Guidance to $1.185-$1.225 Billion
DT Midstream, Inc. (NYSE: DTM), the Detroit, Michigan-based natural gas infrastructure company, on October 29 announced third quarter 2026 reported net income of $118 million, or $1.16 per diluted share, and operating earnings of $118 million, or $1.16 per diluted share. Adjusted EBITDA for the quarter was $301 million, and third quarter revenue was $336 million.
The company's board of directors declared a dividend of $0.88 per share on its common stock, payable January 15, 2027, to stockholders of record at the close of business on December 15, 2026.
'We continue to deliver strong performance in 2026,' said David Slater, chairman and CEO. 'We are also advancing our organic growth backlog, with $2.4 billion of projects now committed.' Growth projects that reached final investment decision during the quarter included the MIST Southbound Phase 1 expansion of Midwestern Gas Transmission, which will add approximately 300 MMcf/d of capacity, a 20 percent increase in total pipeline capacity; a new pipeline lateral from Midwestern Gas Transmission to serve a utility-scale power plant in Indiana; and the second phase of the Guardian Pipeline modernization program.
'Our year-to-date results are ahead of plan,' said Jeff Jewell, executive vice president and CFO. 'Based on our strong performance and outlook for the remainder of the year, we are raising our 2026 Adjusted EBITDA guidance to a range of $1,185-$1,225 million.' DT Midstream owns, operates and develops natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities across the Southern, Northeastern and Midwestern United States and Canada.
Source: GSM · USA (original Chinese edition)
Photo: 图：DT Midstream总部所在地Detroit的天际线（资料图）。经Wikimedia Commons，CC BY 2.0（原载Flickr）。 / The skyline of Detroit, Michigan, where DT Midstream is headquartered (file photo). Via Wikimedia Commons, CC BY 2.0 (originally on Flickr).
