DT Midstream, Inc. (DTM)
DT Midstream, Inc. operates in the Oil & Gas Midstream industry of the Energy sector, headquartered in Detroit, MI, US. The stock last traded at $136.12, up 0.99% on the session, giving a market capitalisation of $13.89B. On trailing twelve-month figures it carries a trailing P/E of 29.59, a net margin of 35.7%. Its beta of 0.73 implies it has historically moved less than the broad market.
DT Midstream, Inc. is a U.S.-based company offering a comprehensive suite of natural gas infrastructure and related services. The organization's operations are divided into two primary divisions: Pipeline and Gathering. It is responsible for the development, ownership, and management of an interconnected network of assets. This portfolio includes both interstate and intrastate pipelines, natural gas storage facilities, lateral pipelines, gathering systems, specialized treatment plants, and various compression and surface equipment. The company's core services involve the transportation and storage of natural gas for a wide array of clients, ranging from intermediate users to final consumers. Furthermore, DT Midstream actively gathers natural gas directly from wellheads, channeling it either to processing plants or into gathering and transportation pipelines. Its service offerings extend to include gas compression, dehydration, treatment, comprehensive water management (encompassing impoundment, storage, and transport), and sand mining. DT Midstream caters to a diverse clientele, including natural gas producers, local distribution companies (LDCs), electricity generators, industrial businesses, and national energy marketers. The company was founded in 2021 and has its corporate headquarters situated in Detroit, Michigan.
DT Midstream, Inc. is most often compared with the following Energy names: