DT Midstream, Inc. reported a notable increase in financial performance for the second quarter of 2026, with operating revenues reaching $343 million, up from $309 million in the same period last year. For the first half of 2026, revenues totaled $679 million, compared to $612 million in the first half of 2025. The company's net income attributable to DT Midstream also saw an increase, rising to $112 million for the second quarter, up from $107 million in the prior year, and $242 million for the first half of 2026, compared to $215 million in the same period of 2025. Basic earnings per share increased to $1.10 for the second quarter and $2.37 for the first half, reflecting a positive trend in profitability.
The financial results indicate a strategic shift in operations, particularly in the Gathering segment, which reported a revenue increase of $12 million for the second quarter and $57 million for the first half, driven by higher volumes and recovery of production-related operating expenses. The Pipeline segment, however, experienced a slight decline in revenue for the second quarter, attributed to lower short-term contract revenue and operational flow order fees. The overall increase in revenues for the first half was bolstered by new customer contracts and higher inter-segment revenue from expansions.
Operationally, DT Midstream has focused on expanding its asset base, particularly in the Appalachia and Gulf Coast regions. The company has made significant capital investments, totaling $193 million for the first half of 2026, primarily directed towards ongoing maintenance and expansion of existing assets. This includes investments in the Blue Union Gathering and other key projects. The company’s total assets increased to $10.207 billion as of June 30, 2026, up from $10.080 billion at the end of 2025, reflecting growth in property, plant, and equipment.
In terms of liquidity, DT Midstream reported cash and cash equivalents of $172 million at the end of the second quarter, a significant increase from $54 million at the end of 2025. The company has maintained a strong liquidity position, with approximately $1.2 billion available, including cash and borrowings under its Revolving Credit Facility. The company continues to comply with financial covenants associated with its debt, ensuring operational flexibility moving forward.
Looking ahead, DT Midstream aims to capitalize on its strategic position in the natural gas midstream sector, focusing on disciplined capital deployment and the development of low-carbon business opportunities. The company is committed to achieving net-zero carbon emissions by 2050 and plans to pursue further expansion opportunities that leverage its existing asset footprint. The outlook remains positive, with expectations for continued revenue growth supported by long-term contracts and a strong operational foundation.
About DT Midstream, Inc.
DT Midstream is a natural gas midstream company that owns, operates, and develops pipelines, storage systems, and gathering assets across the U.S. and Canada. Its services include transportation, storage, gathering, and related facilities, primarily serving producers, utilities, and industrial customers. The company focuses on long-term, fee-based contracts, asset integration, and sustainable growth within regulated and unregulated markets.
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