Dt Midstream, Inc. - Understand $dtm stock

$DTM Market Cap: $10.27 Billion

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Financial Snapshot

Revenue

$976.0M

TTM

Gross Margin

Net Earnings

$402.0M

TTM

Current Assets

$249.0M

Q3 2024

Current Liabilities

$262.0M

Q3 2024

Current Ratio

95.04%

Q3 2024

Total Assets

$8.587B

Q3 2024

Total Liabilities

$4.231B

Q3 2024

Book Value

$4.356B

Q3 2024

Cash

$77.00M

Q3 2024

P/E

25.54

Nov 29, 2024 EST

Free Cash Flow

$385.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018
Revenue	$922.0M	$920.0M	$840.0M	$754.0M	$504.0M	$485.0M
YoY Change	0.22%	9.52%	11.41%	49.6%	3.92%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$922.0M	$920.0M	$840.0M	$754.0M	$504.0M	$485.0M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018
Selling, General & Admin	$51.00M	$295.0M	$24.00M	$175.0M	$141.0M	$122.0M
YoY Change	-82.71%	1129.17%	-86.29%	24.11%	15.57%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$182.0M	$170.0M	$166.0M	$152.0M	$93.00M	$81.00M
YoY Change	7.06%	2.41%	9.21%	63.44%	14.81%
% of Gross Profit
Operating Expenses	$455.0M	$465.0M	$421.0M	$342.0M	$242.0M	$212.0M
YoY Change	-2.15%	10.45%	23.1%	41.32%	14.15%
Operating Profit	$471.0M	$478.0M	$402.0M	$414.0M	$261.0M
YoY Change	-1.46%	18.91%	-2.9%	58.62%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	$150.0M	$137.0M	$112.0M	$113.0M	$75.00M	$65.00M
YoY Change	9.49%	22.32%	-0.88%	50.67%	15.38%
% of Operating Profit	31.85%	28.66%	27.86%	27.29%	28.74%
Other Income/Expense, Net	$1.000M	$1.000M	$2.000M	$22.00M	$0.00	-$7.000M
YoY Change	0.0%	-50.0%	-90.91%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018
Pretax Income	$500.0M	$482.0M	$422.0M	$440.0M	$292.0M	$331.0M
YoY Change	3.73%	14.22%	-4.09%	50.68%	-11.78%
Income Tax	$104.0M	$100.0M	$104.0M	$116.0M	$72.00M	$72.00M
% Of Pretax Income	20.8%	20.75%	24.64%	26.36%	24.66%	21.75%
Net Earnings	$384.0M	$370.0M	$307.0M	$312.0M	$204.0M	$231.0M
YoY Change	3.78%	20.52%	-1.6%	52.94%	-11.69%
Net Earnings / Revenue	41.65%	40.22%	36.55%	41.38%	40.48%	47.63%
Basic Earnings Per Share	$3.97	$3.83	$3.17	$3.23	$2.11
Diluted Earnings Per Share	$3.94	$3.81	$3.16	$3.23	$2.11	$2.385M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019
Cash & Short-Term Investments	$56.00M	$61.00M	$132.0M	$42.00M	$46.00M
YoY Change	-8.2%	-53.79%	214.29%	-8.7%
Cash & Equivalents	$56.00M
Short-Term Investments
Other Short-Term Assets	$47.00M	$40.00M	$50.00M	$41.00M	$27.00M
YoY Change	17.5%	-20.0%	21.95%	51.85%
Inventory
Prepaid Expenses
Receivables	$154.0M	$161.0M	$169.0M	$126.0M	$110.0M
Other Receivables	$15.00M	$0.00	$9.000M	$274.0M	$117.0M
Total Short-Term Assets	$272.0M	$262.0M	$360.0M	$483.0M	$300.0M
YoY Change	3.82%	-27.22%	-25.47%	61.0%
Property, Plant & Equipment	$4.472B	$3.837B	$3.526B	$3.515B	$3.111B
YoY Change	16.55%	8.82%	0.31%	12.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.762B	$2.200B	$1.691B	$1.691B	$1.684B
YoY Change	-19.91%	30.1%	0.0%	0.42%
Other Assets	$31.00M	$32.00M	$32.00M	$21.00M	$16.00M
YoY Change	-3.13%	0.0%	52.38%	31.25%
Total Long-Term Assets	$8.710B	$8.571B	$7.806B	$7.859B	$7.487B
YoY Change	1.62%	9.8%	-0.67%	4.97%
Total Assets	$8.982B	$8.833B	$8.166B	$8.342B	$7.787B
YoY Change
Accounts Payable	$94.00M	$119.0M	$22.00M	$39.00M	$49.00M
YoY Change	-21.01%	440.91%	-43.59%	-20.41%
Accrued Expenses	$75.00M	$75.00M	$40.00M	$17.00M	$15.00M
YoY Change	0.0%	87.5%	135.29%	13.33%
Deferred Revenue
YoY Change
Short-Term Debt	$165.0M	$330.0M	$0.00	$3.175B	$2.922B
YoY Change	-50.0%		-100.0%	8.66%
Long-Term Debt Due		$0.00	$10.00M
YoY Change		-100.0%
Total Short-Term Liabilities	$434.0M	$614.0M	$177.0M	$3.288B	$3.400B
YoY Change	-29.32%	246.89%	-94.62%	-3.29%
Long-Term Debt	$3.065B	$3.059B	$3.036B	$0.00	$0.00
YoY Change	0.2%	0.76%
Other Long-Term Liabilities	$172.0M	$83.00M	$76.00M	$83.00M	$92.00M
YoY Change	107.23%	9.21%	-8.43%	-9.78%
Total Long-Term Liabilities	$3.237B	$3.142B	$3.112B	$83.00M	$92.00M
YoY Change	3.02%	0.96%	3649.4%	-9.78%
Total Liabilities	$4.843B	$4.826B	$4.294B	$4.269B	$4.218B
YoY Change	0.35%	12.39%	0.59%	1.21%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	96.90M shares	96.70M shares	96.70M shares	96.70M shares	96.70M shares
Diluted Shares Outstanding	97.50M shares	97.20M shares	96.90M shares	96.70M shares	96.70M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $10.267 Billion

About DT Midstream, Inc.

DT Midstream, Inc. engages in the operation and development of natural gas midstream interstate and intrastate pipelines, storage and gathering systems, and compression, treatment and surface facilities. The company is headquartered in Detroit, Michigan and currently employs 402 full-time employees. The company went IPO on 2021-06-18. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers, and energy producers. Its segments include Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines. The company also has interests in equity method investees that own and operate interstate natural gas pipelines. The segment is engaged in the transportation and storage of natural gas for intermediate and end user customers. The Gathering segment owns and operates gas gathering systems. The segment is engaged in collecting natural gas from points at or near customers’ wells for delivery to plants for treating, to gathering pipelines for further gathering, or to pipelines for transportation.

Industry: Natural Gas Transmission Peers: Kinetik Holdings Inc. Antero Midstream Corp DCP Midstream, LP EnLink Midstream, LLC ENTERPRISE PRODUCTS PARTNERS L.P. Midstream Co LLC Hess Midstream LP New Fortress Energy Inc. PLAINS ALL AMERICAN PIPELINE LP Shell Midstream Partners, L.P.