The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

DTM

Concerning the House

DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates in two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines. This segment also engages in the transportation and storage of natural gas for intermediate and end-user customers. The Gathering segment owns and operates gas gathering systems. This segment is involved in the collection of natural gas for delivery to plants for treating, to gathering pipelines for further gathering, or to pipelines for transportation; and associated ancillary services, including compression, dehydration, gas treatment, water impoundment, water transportation, water disposal, and sand mining. It serves natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. The company was incorporated in 2021 and is headquartered in Detroit, Michigan.

United States · www.dtmidstream.com

The Long Run

FY 2021–2025 · 5 years

LineLatestCAGRTrend
Revenue$922.00M+2.4%
Operating income$614.00M+11.2%
Net income$384.00M+17.1%
Cash from ops$867.00M+9.8%
Quotation

$134.79

-1.33 (-1.0%)

52w hi$150.74
52w lo$98.13
Vol650.30K
As ofAug 13
The Verdict

Hold

Our score +0.06

Short-0.07
Medium+0.18
Long+0.06

computed 2026-08-13

By the Numbers

DT Midstream, Inc.

Energy · Oil & Gas Midstream

Market cap$13.75B
Enterprise value$17.23B
Trailing P/E29.56x
Forward P/E27.53x
EV / EBITDA18.73x
P / S (ttm)10.50x
Profit margin35.7%
Return on equity9.9%
Revenue growth+11.0%
Earnings growth+4.8%
Debt / equity68.54
Risk Metrics
Beta vs SPX0.60
Corr SPX0.38
Annual vol26.2%
Annual ret+34.0%
Sharpe1.30
Max DD-23.6%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.13
Sector+0.13
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$135.60$137.07$134.51$134.79650.30K
Aug 12$134.60$136.91$134.60$136.12956.80K
Aug 11$136.03$137.37$134.55916.53K
Aug 10$132.35$134.66$131.48$134.18960.90K
Aug 7$133.33$133.71$130.76$131.44737.80K