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

DT Midstream (DTM) reported Net Margin of 39.88% for Q1 2026, up 325.0% year-over-year from 9.38% in Q1 2025, and up 10.9% sequentially from 35.96% in Q4 2025.

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

DT Midstream's Net Margin history runs 7 years deep, the most recent figure standing at 39.88% for Q1 2026.

  • Quarterly Net Margin rose 325.0% year-over-year to 39.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 37.38% (up 118.0% YoY) and the FY2025 annual result came in at 36.52%, down 89.0% from the prior year.
  • Net Margin was 39.88% for Q1 2026 at DT Midstream, up from 35.96% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 50.82% in Q4 2023 to a low of 30.52% in Q4 2024.
  • Median Net Margin over the past 5 years was 39.07% (2022), compared with a mean of 39.59%.
  • Across the five-year window, Net Margin soared 1461 bps in 2023 and plunged 2030 bps in 2024, its largest moves.
  • Over 5 years, Net Margin stood at 36.21% in 2022, then jumped by 40 bps to 50.82% in 2023, then sank by 40 bps to 30.52% in 2024, then rose by 18 bps to 35.96% in 2025, then increased by 11 bps to 39.88% in 2026.
  • Business Quant data shows DTM's Net Margin at 39.88% in Q1 2026, 35.96% in Q4 2025, and 37.58% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 7.47%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 20.73%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 10.39%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 4.30%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 11.71%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 30.35%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 8.07%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 5.08%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 10.61%
10 DT Midstream - - 251.00 Mn 39.88%

Historic Data

Download Data
DateValue
Mar 31, 2026 39.88%
Dec 31, 2025 35.96%
Sep 30, 2025 37.58%
Jun 30, 2025 35.92%
Mar 31, 2025 36.63%
Dec 31, 2024 30.52%
Sep 30, 2024 36.69%
Jun 30, 2024 40.98%
Mar 31, 2024 41.67%
Dec 31, 2023 50.82%
Sep 30, 2023 40.17%
Jun 30, 2023 41.96%
Mar 31, 2023 38.18%
Dec 31, 2022 36.21%
Sep 30, 2022 49.36%
Jun 30, 2022 41.41%
Mar 31, 2022 39.07%
Dec 31, 2021 39.91%
Sep 30, 2021 36.32%
Jun 30, 2021 34.13%