DT Midstream, Inc. reported significant financial growth in its latest quarterly results, with operating revenues reaching $309 million for the three months ended June 30, 2025, compared to $244 million for the same period in 2024, marking a 27% increase. For the first half of 2025, revenues totaled $612 million, up from $484 million in the prior year, reflecting a 27% rise. The company’s net income attributable to DT Midstream also saw an increase, rising to $107 million in Q2 2025 from $96 million in Q2 2024, and $215 million for the first half of 2025, compared to $193 million in the same period last year.
The financial performance was bolstered by the Midwest Pipeline Acquisition, completed on December 31, 2024, which added three FERC-regulated interstate natural gas transmission pipelines to DT Midstream's portfolio. This acquisition contributed significantly to the revenue growth, particularly in the Pipeline segment, which reported operating revenues of $176 million in Q2 2025, up from $109 million in Q2 2024. The Gathering segment, however, experienced a slight decline in revenues, reporting $133 million in Q2 2025 compared to $135 million in the same quarter of the previous year, attributed to lower volumes in certain gathering systems.
Operationally, DT Midstream's total assets increased to $9.96 billion as of June 30, 2025, from $9.94 billion at the end of 2024. The company’s cash and cash equivalents also rose to $74 million, up from $68 million at the end of the previous year. The employee headcount increased to 101.6 million shares outstanding, reflecting the company's growth strategy and operational expansion. The company continues to focus on enhancing its service offerings and expanding its geographic footprint, particularly in the Marcellus/Utica and Haynesville natural gas formations.
Looking ahead, DT Midstream expressed confidence in its growth strategy, emphasizing its commitment to disciplined capital deployment and the development of low-carbon business opportunities. The company aims to achieve net-zero carbon emissions by 2050 and plans to pursue further expansion opportunities in its existing asset footprint. The management anticipates that long-term agreements with customers and the strategic location of its pipeline assets will support future growth, despite potential challenges from market conditions and regulatory changes.
About DT Midstream, Inc.
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