DTM DT Midstream (DTM) Q1 FY26 earnings call
DT Midstream delivered a strong Q1 FY26, exceeding expectations due to robust demand and cold weather, reinforcing confidence in its full-year outlook. The company is actively advancing its substantial $3.4 billion project backlog, sanctioning new pipeline expansions and securing long-term contracts, particularly in the Midwest and Northeast, driven by growing power generation and data center demand. Management emphasizes its strategic asset footprint and strong balance sheet to capitalize on these opportunities, while remaining patient on projects requiring specific regulatory support.
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DTM operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Project backlog | $3.4BWe continue to advance organic opportunities from our $3.4 billion project backlog in a very strong market environment that supports our future growth.Source: earnings call transcript | $3.4BWith today's announcements, we have now commercialized 60% of our $3.4 billion organic project backlog with more than 80% of this being committed to pipeline projects.Source: earnings call transcript | 0% |
| Capital expenditures Growth | $72MGrowth capital investment for the first quarter was $72 million, which is in line with our plan, and we expect a ramp in growth capital weighted towards the second half of this year.Source: earnings call transcript | $86MGrowth capital investment for the second quarter was $86 million, which is in line with our plan and we expect a ramp in growth capital over the balance of this year.Source: earnings call transcript | +19.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.