DT Midstream (DTM) Operating Margin (2020 - 2026)
DT Midstream (DTM) posted Operating Margin of 50.44% for Q2 2026, up 2.09% sequentially from 49.4% in Q1 2026, and up 28.0% YoY from 39.4% in Q2 2025.
DT Midstream (DTM) Operating Margin (2020 - 2026) Analysis & Trends
DT Midstream has reported Operating Margin for 7 years, with the latest figure at 50.44% in Q2 2026.
- Quarterly Operating Margin rose 28.0% year-over-year to 50.44% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 49.62% (up 111.0% YoY) and the FY2025 annual result came in at 49.4%, down 45.0% from the prior year.
- Operating Margin improved to 50.44% in Q2 2026 per DTM's latest filing, from 49.4% in the prior quarter.
- Over five years, Operating Margin peaked at 60.35% in Q2 2022 and troughed at 45.38% in Q4 2024.
- A 5-year average of 50.52% and a median of 49.7% in 2026 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin jumped 1901 bps in 2022, then plunged 812 bps in 2023.
- Over 5 years, Operating Margin stood at 47.74% in 2022, then increased by 3 bps to 49.18% in 2023, then decreased by 8 bps to 45.38% in 2024, then advanced by 8 bps to 49.21% in 2025, then climbed by 2 bps to 50.44% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 50.44%, 49.4%, and 49.21% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 29.84% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 13.22% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 41.61% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 74.84% |
| 10 | DT Midstream | 13.77 Bn | 13.60 Bn | 253.00 Mn | 50.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 50.44% |
| Mar 31, 2026 | 49.40% |
| Dec 31, 2025 | 49.21% |
| Sep 30, 2025 | 49.36% |
| Jun 30, 2025 | 50.16% |
| Mar 31, 2025 | 48.84% |
| Dec 31, 2024 | 45.38% |
| Sep 30, 2024 | 49.19% |
| Jun 30, 2024 | 53.28% |
| Mar 31, 2024 | 51.67% |
| Dec 31, 2023 | 49.18% |
| Sep 30, 2023 | 52.99% |
| Jun 30, 2023 | 52.23% |
| Mar 31, 2023 | 50.00% |
| Dec 31, 2022 | 47.74% |
| Sep 30, 2022 | 51.49% |
| Jun 30, 2022 | 60.35% |
| Mar 31, 2022 | 48.37% |
| Dec 31, 2021 | 49.33% |
| Sep 30, 2021 | 50.00% |