DT Midstream Raises Quarterly Dividend 7% to $0.88 Per Share
DT Midstream, Inc. (NYSE: DTM), an owner and operator of natural gas pipelines and storage systems, increased its quarterly cash dividend to $0.88 per share, up from $0.82 in the previous quarter.
DT Midstream, Inc. (NYSE: DTM), an owner and operator of natural gas pipelines and storage systems, increased its quarterly cash dividend to $0.88 per share, marking a 7% increase from the previous quarter's $0.82 per share. The company's board of directors approved the dividend on February 19, 2026. Read more dividend announcements.
The dividend will be paid on April 15, 2026, to shareholders of record as of March 16, 2026. The announcement came alongside the company's fourth quarter and full-year 2025 earnings results.
| Dividend Details | Information |
|---|---|
| Amount | $0.88 per share |
| Previous Amount | $0.82 per share |
| Change | +7% |
| Frequency | Quarterly |
| Record Date | March 16, 2026 |
| Payment Date | April 15, 2026 |
Record 2025 Financial Performance
DT Midstream reported full-year 2025 adjusted EBITDA of $1.138 billion, representing a 17% increase from 2024. The company posted net income of $441 million, or $4.30 per diluted share, for the full year.
For the fourth quarter of 2025, the company reported net income of $111 million, or $1.08 per diluted share. Adjusted EBITDA for the quarter reached $293 million.
Growth Projects and Outlook
The company increased its organic project backlog by approximately 50% to $3.4 billion over the next five years. Pipeline projects comprise 75% of the backlog, including an expansion of Viking Gas Transmission and the next phase of an interstate pipeline modernization program.
DT Midstream provided 2026 adjusted EBITDA guidance of $1.155 billion to $1.225 billion, representing 6% annual growth from its 2025 original guidance. The company's early outlook for 2027 adjusted EBITDA ranges from $1.225 billion to $1.295 billion.
David Slater, Executive Chairman and CEO, attributed the record results to disciplined execution and successful integration of Midwest pipelines. Jeff Jewell, Executive Vice President and CFO, cited the increased project backlog and investment-grade balance sheet as drivers of confidence in meeting future targets.