DT Midstream Cash Flow 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
Net Income	441	354	384	370	307
Depreciation & Amortization	275	227	200	189	184
Loss (Gain) From Sale of Assets	-	-	-	-17	17
Loss (Gain) on Equity Investments	-138	-162	-177	-150	-126
Stock-Based Compensation	26	23	20	17	12
Other Operating Activities	288	299	318	276	244
Change in Accounts Receivable	-24	11	7	8	-43
Change in Accounts Payable	-13	11	-5	7	-6
Change in Unearned Revenue	26	23	97	3	6
Change in Other Net Operating Assets	-14	-23	-46	22	-23
Operating Cash Flow	867	763	798	725	572
Operating Cash Flow Growth	13.63%	-4.39%	10.07%	26.75%	-4.19%
Capital Expenditures	-426	-350	-772	-338	-140
Cash Acquisitions	10	-1,198	-	-	-
Investment in Securities	44	467	420	-540	-2
Other Investing Activities	-	-	1	24	265
Investing Cash Flow	-372	-1,081	-351	-854	123
Short-Term Debt Issued	330	385	540	370	25
Long-Term Debt Issued	-	644	-	591	3,047
Total Debt Issued	330	1,029	540	961	3,072
Short-Term Debt Repaid	-480	-400	-705	-40	-3,200
Long-Term Debt Repaid	-	-399	-	-596	-5
Total Debt Repaid	-480	-799	-705	-636	-3,205
Net Debt Issued (Repaid)	-150	230	-165	325	-133
Issuance of Common Stock	-	406	-	-	110
Common Dividends Paid	-324	-280	-263	-244	-559
Other Financing Activities	-35	-26	-24	-23	-23
Financing Cash Flow	-509	330	-452	58	-605
Net Cash Flow	-14	12	-5	-71	90
Free Cash Flow	441	413	26	387	432
Free Cash Flow Growth	6.78%	1488.46%	-93.28%	-10.42%	446.83%
Free Cash Flow Margin	35.48%	42.10%	2.82%	42.07%	51.43%
Free Cash Flow Per Share	4.30	4.20	0.27	3.98	4.46
Cash Interest Paid	152	140	140	125	103
Cash Income Tax Paid	5	12	22	24	3
Levered Free Cash Flow	156.13	88	-380.88	210.75	528.38
Unlevered Free Cash Flow	256.75	183.63	-287.13	296.38	598.38
Change in Working Capital	-25	22	53	40	-66

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

SEC Filings: 10-K · 10-Q