DT Midstream, Inc. (NYSE: DTM) reported financial results for the third quarter of 2026 and announced updates to its financial outlook and shareholder returns. For the quarter ended September 30, 2026, the company reported reported net income of $118 million, or $1.16 per diluted share, which matched its Operating Earnings of the same amount. Adjusted EBITDA for the period was recorded at $301 million.
In a separate announcement, the company’s Board of Directors declared a quarterly cash dividend of $0.88 per share of common stock. This dividend is payable on January 15, 2027, to stockholders of record as of the close of business on December 15, 2026.
Management highlighted that year-to-date results are ahead of plan. Based on this performance and the outlook for the remainder of the year, DT Midstream has raised its 2026 Adjusted EBITDA guidance to a range of $1,185 million to $1,225 million.
The company also noted the advancement of its organic growth backlog, which now stands at $2.4 billion. During the quarter, three significant growth projects reached a final investment decision. These include the MIST Southbound Phase 1 expansion of Midwestern Gas Transmission, which will add approximately 300 MMcf/d of capacity; a new pipeline lateral to serve a utility-scale power plant in Indiana; and the second phase of the Guardian Pipeline modernization program.
