DT Midstream (DTM) Net Margin (2020 - 2026)
DT Midstream (DTM) posted Net Margin of 33.82% for Q2 2026, down 15.2% sequentially from 39.88% in Q1 2026, and down 210.0% YoY from 30.74% in Q2 2025.
DT Midstream (DTM) Net Margin (2020 - 2026) Analysis & Trends
DT Midstream has reported Net Margin for 7 years, with the latest figure at 33.82% in Q2 2026.
- Quarterly Net Margin fell 210.0% year-over-year to 33.82% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 36.79% (up 172.0% YoY) and the FY2025 annual result came in at 36.52%, down 89.0% from the prior year.
- Net Margin eased to 33.82% in Q2 2026 per DTM's latest filing, from 39.88% in the prior quarter.
- Over five years, Net Margin peaked at 50.82% in Q4 2023 and troughed at 30.52% in Q4 2024.
- A 5-year average of 39.27% and a median of 38.63% in 2023 frame the typical range for Net Margin.
- The sharpest annual moves came in 2023 and 2024: Net Margin soared 1461 bps in 2023, then sank 2030 bps in 2024.
- Over 5 years, Net Margin stood at 36.21% in 2022, then jumped by 40 bps to 50.82% in 2023, then slumped by 40 bps to 30.52% in 2024, then climbed by 18 bps to 35.96% in 2025, then decreased by 6 bps to 33.82% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 33.82%, 39.88%, and 35.96% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 19.97% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 4.76% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | 10.16% |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 5.90% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 55.36% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 8.03% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 32.82% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 17.22% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 63.54% |
| 10 | DT Midstream | 13.77 Bn | 13.60 Bn | 253.00 Mn | 33.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 33.82% |
| 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% |