DT Midstream Reports Q1 Net Income of $130M, $308M Adjusted EBITDA and $0.88 Dividend
DTM•DT Midstream reported Q1 net income of $130 million ($1.27 diluted share) and adjusted EBITDA of $308 million, declaring a $0.88 per share dividend payable July 15. The company approved investments in the Vector Pipeline 2028 expansion and Millennium Pipeline R2R project, completing open seasons with demand exceeding capacity.
1. Q1 Financial Performance
DT Midstream generated net income of $130 million, or $1.27 per diluted share, in the first quarter of 2026 and achieved adjusted EBITDA of $308 million, reflecting continued strength in its midstream operations.
2. Dividend Declaration
The Board declared a quarterly dividend of $0.88 per share, payable July 15, 2026, to stockholders of record as of June 15, positioning the company to deliver consistent cash returns.
3. Pipeline Expansion Projects
DT Midstream approved funding for the Vector Pipeline 2028 expansion and the Millennium Pipeline R2R project, successfully completed non-binding open seasons with demand outstripping capacity, and placed a new power plant lateral from Midwestern Gas Transmission into service.
