DT Midstream
DTM · NYSE · Energy
$125.86
$0.04 (-0.03%) today
Market Cap
$12.84B
24h Volume
$206.7M
P/E Ratio
27.6
52w High
$150.74
52w Low
$103.58
Est. AI Revenue
8%
7-Day Sparkline (Static)
Company facts
Performance
About DT Midstream
DT Midstream owns and operates natural gas pipelines, gathering systems, and storage serving the Appalachian and Haynesville basins and the Midwest. Spun off from DTE Energy in 2021, it makes money charging fees under long term contracts to move gas from producers to utilities, power plants, and export markets.
Key assets include the Blue Union gathering system and LEAP pipeline serving Haynesville producers, Appalachian gathering systems, and a portfolio of interstate pipelines in the upper Midwest. Management cites utility and data center power demand growth in its footprint as a key driver of new expansion projects.
Headquartered in Detroit, Michigan, DT Midstream employs about 590 people and trades on the NYSE.
DT Midstream in the AI buildout
DT Midstream sits in the Power & Energy layer of the AI buildout. Its pipelines and gathering systems serve regions where utilities are planning new gas generation for data center load, and management cites that demand as a driver of its expansion backlog. The Haynesville side connects low cost gas to Gulf Coast markets, while the Appalachian and Midwest assets sit near emerging data center clusters. Contracted fee based revenue keeps the model steady, with AI demand as an incremental growth layer.
DTM is tracked in Power & Energy, rated Peripheral on the AI Exposure leaderboard.
By the numbers
52-week range
DTM trades at $125.86, 47% of the way up its 52-week range of $103.58 to $150.74.
Market cap
Market capitalization is $12.84B, with an AI Exposure Score of 26 out of 100.
Valuation vs peers
Its P/E ratio of 27.6 is in line with the Power & Energy category median of 30.8.
Next earnings
DT Midstream is next expected to report earnings on October 29, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does DT Midstream do?
DT Midstream owns and operates natural gas pipelines, gathering systems, and storage serving the Appalachian and Haynesville basins and the Midwest. It charges fees under long term contracts to move gas from producers to utilities, power plants, and export markets.
How is DT Midstream exposed to AI?
Supercycle rates it Peripheral with an AI Exposure Score of 26 out of 100. Utility and data center power demand growth in its footprint is a disclosed driver of its expansion backlog, but its contracted pipeline model limits how much direct AI revenue it can capture.
What are DT Midstream's key assets?
Key assets include the Blue Union gathering system and LEAP pipeline serving Haynesville producers, Appalachian gathering systems, and interstate pipelines in the upper Midwest. Together they connect low cost gas supply to utilities and power plants in growing demand regions.
Is DTM a pure play AI stock?
No. Supercycle classifies DT Midstream as Peripheral. Data center linked power demand supports new projects, but the company is fundamentally a contracted gas infrastructure business serving broad utility, industrial, and export demand.
Who leads DT Midstream?
David Slater serves as president and chief executive officer and has led the company since its 2021 spin off from DTE Energy. DT Midstream is headquartered in Detroit, Michigan and employs about 590 people.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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