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
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%