DT Midstream (DTM) Gross Margin (2020 - 2026)

DT Midstream (DTM) reported Gross Margin of 74.7% for Q1 2026, up 44.0% year-over-year from 51.88% in Q1 2025, and up 2.96% sequentially from 72.56% in Q4 2025.

DT Midstream (DTM) Gross Margin (2020 - 2026) Analysis & Trends

DT Midstream's Gross Margin history runs 7 years deep, the most recent figure standing at 74.7% for Q1 2026.

  • Quarterly Gross Margin rose 44.0% year-over-year to 74.7% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 73.67% (down 66.0% YoY) and the FY2025 annual result came in at 73.53%, down 160.0% from the prior year.
  • Gross Margin was 74.7% for Q1 2026 at DT Midstream, up from 72.56% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 78.69% in Q2 2024 to a low of 67.9% in Q4 2022.
  • Median Gross Margin over the past 5 years was 73.25% (2025), compared with a mean of 73.38%.
  • Across the five-year window, Gross Margin soared 547 bps in 2024 and plunged 458 bps in 2025, its largest moves.
  • Over 5 years, Gross Margin stood at 67.9% in 2022, then gained by 6 bps to 71.72% in 2023, then fell by 3 bps to 69.88% in 2024, then gained by 4 bps to 72.56% in 2025, then climbed by 3 bps to 74.7% in 2026.
  • Business Quant data shows DTM's Gross Margin at 74.7% in Q1 2026, 72.56% in Q4 2025, and 73.25% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 41.12%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 63.77%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - -
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 23.85%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 41.52%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 83.61%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 26.67%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 23.28%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 94.13%
10 DT Midstream - - 251.00 Mn 74.70%

Historic Data

Download Data
DateValue
Mar 31, 2026 74.70%
Dec 31, 2025 72.56%
Sep 30, 2025 73.25%
Jun 30, 2025 74.11%
Mar 31, 2025 74.26%
Dec 31, 2024 69.88%
Sep 30, 2024 74.60%
Jun 30, 2024 78.69%
Mar 31, 2024 77.50%
Dec 31, 2023 71.72%
Sep 30, 2023 75.21%
Jun 30, 2023 73.21%
Mar 31, 2023 73.64%
Dec 31, 2022 67.90%
Sep 30, 2022 72.34%
Jun 30, 2022 72.25%
Mar 31, 2022 71.63%
Dec 31, 2021 70.40%
Sep 30, 2021 72.64%
Jun 30, 2021 72.60%