DT Midstream Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,243	981	922	920	840
Revenue Growth (YoY)	26.71%	6.40%	0.22%	9.52%	11.41%
Cost of Revenue	306	220	222	244	191
Gross Profit	937	761	700	676	649
Selling, General & Admin	23	24	23	23	20
Other Operating Expenses	42	39	28	28	24
Operating Expenses	323	272	233	221	210
Operating Income	614	489	467	455	439
Interest Expense	-161	-153	-150	-137	-112
Interest & Investment Income	2	7	1	3	4
Earnings From Equity Investments	138	162	177	150	126
Other Non Operating Income (Expenses)	5	3	1	1	2
EBT Excluding Unusual Items	598	508	496	472	459
Gain (Loss) on Sale of Assets	-	-	-	17	2
Legal Settlements	-	-	-	6	-
Other Unusual Items	-	-4	-	-13	-39
Pretax Income	598	504	500	482	422
Income Tax Expense	144	137	104	100	104
Earnings From Continuing Operations	454	367	396	382	318
Minority Interest in Earnings	-13	-13	-12	-12	-11
Net Income	441	354	384	370	307
Net Income to Common	441	354	384	370	307
Net Income Growth	24.58%	-7.81%	3.78%	20.52%	-1.60%
Shares Outstanding (Basic)	102	98	97	97	97
Shares Outstanding (Diluted)	103	98	98	97	97
Shares Change (YoY)	4.17%	0.92%	0.31%	0.31%	0.21%
EPS (Basic)	4.34	3.63	3.96	3.83	3.17
EPS (Diluted)	4.30	3.60	3.94	3.81	3.16
EPS Growth	19.44%	-8.63%	3.41%	20.57%	-2.06%
Free Cash Flow	441	413	26	387	432
Free Cash Flow Per Share	4.30	4.20	0.27	3.98	4.46
Dividend Per Share	3.280	2.940	2.760	2.560	1.200
Dividend Growth	11.56%	6.52%	7.81%	113.33%	-
Gross Margin	75.38%	77.57%	75.92%	73.48%	77.26%
Operating Margin	49.40%	49.85%	50.65%	49.46%	52.26%
Profit Margin	35.48%	36.09%	41.65%	40.22%	36.55%
Free Cash Flow Margin	35.48%	42.10%	2.82%	42.07%	51.43%
EBITDA	872	698	649	625	605
EBITDA Margin	70.15%	71.15%	70.39%	67.94%	72.02%
D&A For EBITDA	258	209	182	170	166
EBIT	614	489	467	455	439
EBIT Margin	49.40%	49.85%	50.65%	49.46%	52.26%
Effective Tax Rate	24.08%	27.18%	20.80%	20.75%	24.64%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q