DT Midstream (DTM) Gross Margin (2020 - 2026)
DT Midstream's (DTM) quarterly Gross Margin came in at 73.76% in Q2 2026, down 35.0% year-over-year from 113.48% in Q2 2025, and down 1.26% quarter-over-quarter from 74.7% in Q1 2026.
Analysis
DT Midstream (DTM) Gross Margin (2020 - 2026) Analysis & Trends
DT Midstream has disclosed Gross Margin across 7 years of filings, most recently posting 73.76% for Q2 2026.
- In Q2 2026, Gross Margin fell 35.0% year-over-year to 73.76%; the TTM figure through Jun 2026 stood at 73.59% (up 28.0% YoY), while the FY2025 annual figure was 73.53%, down 160.0% from the prior year.
- Gross Margin came in at 73.76% for Q2 2026 at DT Midstream, down from 74.7% 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.
- Average Gross Margin over 5 years is 73.4%, with a median of 73.44% recorded in 2023.
- Year-over-year, Gross Margin surged 547 bps in 2024 and plunged 458 bps in 2025.
- Over 5 years, 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 gained by 2 bps to 73.76% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 73.76% in Q2 2026, 74.7% in Q1 2026, and 72.56% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 68.62% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 21.55% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 62.88% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 48.15% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 82.28% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 23.30% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 24.69% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 43.36% |
| 10 | DT Midstream | 13.20 Bn | 13.17 Bn | 253.00 Mn | 73.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.76% |
| 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% |