DT Midstream (DTM) Net Margin (2020 - 2026)
DT Midstream's (DTM) quarterly Net Margin came in at 33.82% in Q2 2026, down 210.0% year-over-year from 30.74% in Q2 2025, and down 15.2% quarter-over-quarter from 39.88% in Q1 2026.
Analysis
DT Midstream (DTM) Net Margin (2020 - 2026) Analysis & Trends
DT Midstream has disclosed Net Margin across 7 years of filings, most recently posting 33.82% for Q2 2026.
- In Q2 2026, Net Margin fell 210.0% year-over-year to 33.82%; the TTM figure through Jun 2026 stood at 36.79% (up 172.0% YoY), while the FY2025 annual figure was 36.52%, down 89.0% from the prior year.
- Net Margin came in at 33.82% for Q2 2026 at DT Midstream, down from 39.88% 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.
- Average Net Margin over 5 years is 39.27%, with a median of 38.63% recorded in 2023.
- Year-over-year, Net Margin surged 1461 bps in 2023 and plunged 2030 bps in 2024.
- Over 5 years, Net Margin stood at 36.21% in 2022, then surged by 40 bps to 50.82% in 2023, then plunged by 40 bps to 30.52% in 2024, then gained by 18 bps to 35.96% in 2025, then fell by 6 bps to 33.82% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 33.82% in Q2 2026, 39.88% in Q1 2026, and 35.96% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 19.97% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 10.16% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 5.90% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 24.94% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 17.22% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 8.03% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 4.76% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 23.70% |
| 10 | DT Midstream | 13.20 Bn | 13.17 Bn | 253.00 Mn | 33.82% |
Historic Data
Download Data
Historic 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% |