DT Midstream Reports Revenue Growth to $1.243 Billion and Increased Net Income for Fiscal Year 2025

DT Midstream, Inc. reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with total operating revenues reaching $1.243 billion, up from $981 million in 2024. The company's net income attributable to DT Midstream also rose to $441 million, compared to $354 million in the previous year. This growth was primarily driven by the full-year contribution from the DTM Interstate Transportation assets acquired in the Midwest Pipeline Acquisition, which added $212 million to revenues, alongside new contracts and increased throughput in various segments.

The company experienced notable changes in its operational metrics, with the Pipeline segment generating $687 million in revenues, a substantial increase from $443 million in 2024. This segment's growth was bolstered by new long-term contracts and higher storage revenues. The Gathering segment also contributed $556 million, reflecting a slight increase from $538 million in the prior year, driven by new contracts and higher volumes in specific gathering systems. However, the Gathering segment faced challenges with lower volumes in some areas, such as Susquehanna Gathering.

Strategically, DT Midstream made significant advancements, including the completion of the Midwest Pipeline Acquisition, which involved the acquisition of three interstate natural gas transmission pipelines. The company also placed the LEAP phase 4 expansion into service, increasing system capacity to 2.1 Bcf/d, and reached final investment decisions on several expansion projects, including the Guardian G3 expansion, which is expected to enhance capacity by approximately 40%. Additionally, the company received FERC approval for the Bluestone Extended Supply Transportation agreement, facilitating new supply routes.

Operationally, DT Midstream reported a total employee headcount of 588, all of whom are full-time employees based in the U.S. The company emphasized its commitment to employee engagement and development, with ongoing initiatives to enhance its corporate culture. The company also published its fourth annual Corporate Sustainability Report, outlining its goals for reducing carbon emissions and advancing environmental stewardship, including a target to achieve net-zero carbon emissions by 2050.

Looking ahead, DT Midstream expressed confidence in its growth trajectory, supported by long-term agreements with customers and strategic expansion opportunities. The company plans to continue pursuing economically attractive projects that leverage its existing asset footprint and relationships, with anticipated capital investments for 2026 projected between $490 million and $570 million. The company remains focused on disciplined capital deployment and maintaining a flexible balance sheet to support its operational and financial objectives.