DTM

In the past six months (March 2026 - September 2026), DT Midstream's stock was influenced by several key events. In February 2026, the company reported record 2025 results with a 17% increase in Adjusted EBITDA, raised its quarterly dividend by 7% to $0.88 per share, and increased its organic project backlog by approximately 50% to $3.4 billion, with 75% tied to pipeline projects, while also confirming investment-grade ratings. In April 2026, DT Midstream reported strong first-quarter 2026 results, declared a $0.88 per share dividend, approved investments in the Vector Pipeline 2028 expansion and Millennium Pipeline R2R, and successfully resolved a legal dispute with Antero Resources Corp. Morgan Stanley upgraded its outlook for the company in April and again in September 2026 to Overweight with a $170 price target. Scotiabank initiated coverage with an Outperform recommendation in May 2026. In July 2026, the company reported strong second-quarter 2026 results, added approximately $300 million of new organic projects, bringing total committed capital to about $2.0 billion through 2030, and reached final investment decision on $300 million of new projects, including a LEAP expansion and a NEXUS interconnect for an Ohio data center. Wolfe Research upgraded DT Midstream to Outperform in August 2026 with a $145 price target.