DT Midstream, Inc. (DTM) Sector
Energy

(Current) $106.17
-0.58 (-0.54%) Open Price: 0.00

 

DT Midstream, Inc. emerged in July 2021 as an independent, publicly traded company following its spin-off from DTE Energy. Though officially founded then, the company carries on decades of utility-affiliated midstream operations, now headquartered in Detroit, Michigan, with regional offices in Pennsylvania, Texas, and Louisiana. Its core mission is to connect natural gas from major U.S. shale basins to growing demand centers across the South, Midwest, Northeast, and Canada, building on its legacy infrastructure and industry expertise.

 

Specializing in natural gas gathering, interstate/intrastate pipelines, and storage, DT Midstream manages an integrated network of about 2,900 miles of pipelines and gathering systems, plus 94 billion cubic feet of storage capacity in Michigan. Its assets include the LEAP Gathering System in the Haynesville, Midwestern Gas and Guardian Pipelines from the ONEOK acquisition, and Northeast routes like NEXUS and Vector. The company delivers “wellhead-to-market” solutions—encompassing compression and treatment—for utilities, power plants, marketers, and large industrial users.

 

DT Midstream has earned a reputation for safe, reliable operations and a strategic focus on connecting dry-gas basins to regional and export-focused demand zones. It completed its LEAP Phase 2 and Phase 3 gathering expansions ahead of schedule, adding capacity from Haynesville to Gulf Coast markets. Its acquisition of three large FERC regulated pipelines—Guardian, Midwestern Gas Transmission, and Viking—from ONEOK expanded its network by about 1,300 miles and 3.7 Bcf/d capacity—marked by long-term, investment-grade contracts.

 

Continuing its growth trajectory, DT Midstream has built a roughly $2.3 billion backlog of organic projects, including new lateral pipelines such as a power-plant connection off Midwestern Gas Transmission and further expansions across LEAP. The company has a pattern of dividend increases tied to clear financial performance—it raised its 2023 dividend by 7%, then increased again in 2025—reinforcing a model of disciplined capital allocation . With its ongoing focus on expanding pipeline footprint, integrating Midwest assets, and executing value‐accretive projects, DT Midstream is positioning itself as a significant midstream force in North America’s natural gas landscape.

 



 

 

() $0.00
(06/24/25) $106.75
(06/24/25) (Qty.)750,508
() $0.00
() $0.00
() $1,000,000,000.00
() $0.00
Stocktwits
LetsEncrypt SSL Secure Stripe Payment Processing