Loading...
•
Dec 31, 2025
DT Midstream Q4 2025 Earnings Report
DT Midstream reported record results for Q4 2025, with significant growth in Adjusted EBITDA and an increased dividend.
Key Takeaways
DT Midstream, Inc. announced record results for the fourth quarter and full year 2025, with Q4 net income of $111 million and Adjusted EBITDA of $293 million. The company also increased its dividend by 7% and expanded its organic project backlog by approximately 50% to $3.4 billion over the next 5 years.
Q4 2025 net income was $111 million, or $1.08 per diluted share.
Q4 2025 Adjusted EBITDA was $293 million.
The company increased its dividend by 7% to $0.88 per share, payable on April 15, 2026.
Organic project backlog increased by approximately 50% to $3.4 billion over the next 5 years, with pipeline projects comprising 75%.
Revenue by Segment
Forward Guidance
DT Midstream provided strong Adjusted EBITDA guidance for 2026 and 2027, reflecting confidence in meeting future goals and continued growth.
Positive Outlook
- Adjusted EBITDA guidance for 2026 is $1.155 to $1.225 billion, representing 6% annual growth from 2025 original guidance.
- Early outlook for 2027 Adjusted EBITDA range is $1.225 to $1.295 billion.
- Increased organic project backlog and strong investment grade balance sheet provide high confidence in meeting goals.
- Final investment decisions reached on an expansion of Viking Gas Transmission and the next phase of interstate pipeline modernization program.
- Well-positioned to serve increasing demand across its footprint and continue track record of premium, high-quality natural gas pipeline growth.
Challenges Ahead
- The company does not forecast net income for future periods due to the inability to estimate certain components without unreasonable efforts.
- Potential impacts from changes in general economic conditions, including interest rates, economic recession, and inflation.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...