DT Midstream (DTM) Gross Margin (2020 - 2026)
DT Midstream's (DTM) quarterly Gross Margin came in at 74.7% in Q1 2026, up 44.0% year-on-year from 51.88% in Q1 2025, and up 2.96% quarter-over-quarter from 72.56% in Q4 2025.
DT Midstream (DTM) Gross Margin (2020 - 2026) Analysis & Trends
DT Midstream has disclosed Gross Margin across 7 years of filings, most recently posting 74.7% for Q1 2026.
- Gross Margin for Q1 2026 came in at 74.7%, up 44.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 73.67% (down 66.0% YoY), and the FY2025 annual result was 73.53%, down 160.0% from the prior year.
- Gross Margin came in at 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.
- The 5-year median for Gross Margin is 73.25% (2025), against an average of 73.38%.
- Across the five-year window, Gross Margin jumped 547 bps in 2024 and sank 458 bps in 2025, its largest moves.
- DT Midstream's Gross Margin stood at 67.9% in 2022, then advanced by 6 bps to 71.72% in 2023, then retreated by 3 bps to 69.88% in 2024, then advanced by 4 bps to 72.56% in 2025, then grew by 3 bps to 74.7% in 2026.
- The last three Gross Margin figures came in at 74.7% (Q1 2026), 72.56% (Q4 2025), and 73.25% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | - |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 63.77% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 23.85% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 83.61% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 41.52% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 26.67% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 98.68% |
| 10 | DT Midstream | 13.69 Bn | 13.77 Bn | 251.00 Mn | 74.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |