DT Midstream Q2 net income slips sequentially; reaffirms 2026 earnings outlook - DTM News | RalliesDT Midstream Q2 net income slips sequentially; reaffirms 2026 earnings outlook
D
DTM• Outlook
- DT Midstream reaffirms 2026 adjusted EBITDA guidance of $1.155 billion to $1.225 billion
- Company sees 2027 adjusted EBITDA early outlook range of $1.225 billion to $1.295 billion
- DT Midstream says business is progressing in line with its full-year plan
Overview
- US natural gas pipeline operator reported Q2 net income of $112 million and adjusted EBITDA of $305 million
- Company reaffirmed 2026 adjusted EBITDA guidance and highlighted progress on organic growth projects
- Board declared a $0.88 per share dividend, payable October 15, 2026
Result drivers
- Organic growth projects - Co said Q2 results were supported by progress on its organic growth backlog, with $2 billion of projects commercialized
- Contracted expansion - New long-term contracts for Haynesville system expansion, including Phase 5 of LEAP, added of capacity
200 MMcf/d
Infrastructure modernization - Final investment decision reached on first phase of Viking Gas Transmission modernizationKey details and analyst coverage
| Metric | Actual | Consensus Estimate |
|---|
| Q2 EPS | $1.09 | |
| Q2 Net Income | $112 million | |
| Q2 Adjusted EBITDA | $305 million | |
- The current average analyst rating on the shares is buy and the breakdown of recommendations is 7 strong buy or buy, 8 hold, and 1 sell or strong sell
- The average consensus recommendation for the oil & gas transportation services peer group is buy
- Wall Street's median 12-month price target for DT Midstream Inc is $161.50, about 18.8% above its July 29 closing price of $135.95
- The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 28 three months ago
•
