NYSEEnergyOil & Gas Storage & TransportationS&P MidCap 400
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Close of Nov 06, 2026 · end-of-day data
DTM 8-K filings, explained
Every material Form 8-K DT Midstream has filed with the SEC since November 21, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
DT Midstream reported third-quarter 2026 net income of $118 million, or $1.16 per diluted share, up from $112 million, or $1.09 per share, in the prior quarter, and raised its 2026 Adjusted EBITDA guidance to $1,185-$1,225 million. The company also declared a quarterly dividend of $0.88 per share, which shareholders of record on December 15, 2026 will receive on January 15, 2027.
Q3 2026 net income of $118 million ($1.16 per diluted share) versus $112 million ($1.09 per share) in Q2 2026; Adjusted EBITDA was $301 million versus $305 million in Q2.
Nine-month 2026 net income was $360 million and Adjusted EBITDA was $914 million, compared with $330 million and $845 million for the same period of 2025.
2026 Adjusted EBITDA guidance raised to $1,185-$1,225 million; the company cited year-to-date results ahead of plan.
Quarterly dividend of $0.88 per share: record date December 15, 2026, payment date January 15, 2027.
DT Midstream reported second quarter 2026 net income of $112 million, or $1.09 per diluted share, and Adjusted EBITDA of $305 million, both lower than in the first quarter of 2026. The company reaffirmed its 2026 Adjusted EBITDA guidance of $1.155 billion to $1.225 billion and gave a 2027 early outlook of $1.225 billion to $1.295 billion, and its board declared a $0.88 per share quarterly dividend.
Q2 2026 net income $112 million ($1.09 per diluted share) vs. $130 million ($1.27) in Q1 2026
Q2 2026 Adjusted EBITDA $305 million vs. $308 million in Q1 2026; six-month net income $242 million vs. $215 million in the same period of 2025
2026 Adjusted EBITDA guidance of $1.155 billion to $1.225 billion reaffirmed; 2027 early outlook of $1.225 billion to $1.295 billion
$0.88 per share dividend payable October 15, 2026 to stockholders of record on September 21, 2026
DT Midstream, Inc. terminated Executive Vice President and Chief Administrative Officer Melissa Cox without cause on May 8, 2026, effective immediately. Ms. Cox will receive severance and customary benefits under the company's previously filed form of Severance Agreement.
Melissa Cox terminated without cause on May 8, 2026
Role: Executive Vice President and Chief Administrative Officer, effective immediately
Severance and benefits follow the form of Severance Agreement filed as Exhibit 10.6 to the 2025 Form 10-K
Filing made May 12, 2026 and signed by General Counsel and Corporate Secretary Wendy Ellis
DT Midstream reported first quarter 2026 net income of $130 million, or $1.27 per diluted share, and Adjusted EBITDA of $308 million. The company reaffirmed its 2026 and 2027 Adjusted EBITDA guidance and declared a quarterly dividend of $0.88 per share, which shareholders of record on June 15, 2026 will receive on July 15, 2026.
Q1 2026 net income was $130 million, or $1.27 per diluted share, up from $108 million, or $1.06 per share, in Q1 2025.
Adjusted EBITDA was $308 million for Q1 2026, compared with $280 million in Q1 2025.
2026 Adjusted EBITDA guidance of $1,155 million to $1,225 million and 2027 guidance of $1,225 million to $1,295 million were reaffirmed.
Quarterly dividend of $0.88 per share is payable July 15, 2026 to holders of record on June 15, 2026.
DT Midstream reported full-year 2025 net income of $441 million, or $4.30 per diluted share, up from $354 million, or $3.60, in 2024. The company also issued 2026 Adjusted EBITDA guidance of $1.155 billion to $1.225 billion and raised its quarterly dividend 7% to $0.88 per share. For shareholders, higher annual earnings and a larger dividend are offset only slightly by fourth-quarter net income of $111 million, below $115 million in the third quarter.
Full-year 2025 net income was $441 million, or $4.30 per diluted share, compared with $354 million, or $3.60, in 2024
Fourth-quarter 2025 net income was $111 million, or $1.08 per diluted share, compared with $115 million, or $1.13, in the third quarter
2026 Adjusted EBITDA guidance is $1.155 billion to $1.225 billion; 2027 early outlook is $1.225 billion to $1.295 billion
Quarterly dividend increased 7% to $0.88 per share, payable April 15, 2026, to stockholders of record on March 16, 2026
DT Midstream said CEO David Slater became Executive Chairman of the Board effective January 28, 2026, succeeding Robert Skaggs, Jr., who resigned as Chairman but remains a director. Slater stays as Chief Executive Officer and gave up the President title, which passed to Christopher Zona, the company's Chief Operating Officer. The filing describes a leadership reshuffle and does not report any financial results or changes to guidance.
Robert Skaggs, Jr. resigned as Chairman of the Board effective January 27, 2026 and remains a Board member.
David Slater was appointed Executive Chairman effective January 28, 2026 and remains Chief Executive Officer; he resigned as President.
Christopher Zona was appointed President effective January 28, 2026 and continues as Chief Operating Officer.
Slater has been CEO since May 6, 2021; Zona has been Executive Vice President and COO since the Spin-Off.
DT Midstream reported third quarter 2025 net income of $115 million, or $1.13 per diluted share, and Adjusted EBITDA of $288 million. The company raised its 2025 Adjusted EBITDA guidance to $1,115 million to $1,145 million and declared a quarterly dividend of $0.82 per share, which matters to shareholders because it reflects higher expected earnings and a continued dividend payout.
Q3 2025 net income was $115 million, or $1.13 per diluted share, up from $107 million, or $1.04 per share, in Q2 2025
Adjusted EBITDA was $288 million for Q3 2025, compared with $277 million in Q2 2025
2025 Adjusted EBITDA guidance raised to $1,115 million to $1,145 million; 2026 early outlook reaffirmed at $1,155 million to $1,225 million
Quarterly dividend of $0.82 per share, payable January 15, 2026 to holders of record on December 15, 2025
DT Midstream appointed Joseph P. Finland as Chief Accounting Officer effective September 17, 2025. CFO Jeffrey A. Jewell, who previously held both the CFO and Chief Accounting Officer roles, will continue as Chief Financial Officer. The filing describes a internal promotion and does not report any change to financial results or guidance.
Joseph P. Finland, age 43, named Chief Accounting Officer effective September 17, 2025
Finland joined DT Midstream in July 2021 and became Director, Accounting and Tax in October 2024
Jeffrey A. Jewell remains Chief Financial Officer, having held the CFO and Chief Accounting Officer roles since July 1, 2021
Filing reports no family relationships or related-party transactions involving Finland
DT Midstream reported second-quarter 2025 net income of $107 million, or $1.04 per diluted share, and Adjusted EBITDA of $277 million, both slightly below the first quarter's $108 million, $1.06 per share and $280 million. The company reaffirmed its 2025 Adjusted EBITDA guidance of $1.095 billion to $1.155 billion and gave an early 2026 outlook of $1.155 billion to $1.225 billion, and declared a quarterly dividend of $0.82 per share.
Q2 2025 net income $107 million ($1.04 per diluted share) vs. $108 million ($1.06) in Q1 2025; Adjusted EBITDA $277 million vs. $280 million in Q1
Six-month 2025 net income $215 million ($2.10 per share) vs. $193 million ($1.97) in the first half of 2024; six-month Adjusted EBITDA $557 million vs. $493 million
2025 Adjusted EBITDA guidance of $1.095 billion to $1.155 billion reaffirmed; 2026 early outlook of $1.155 billion to $1.225 billion
Quarterly dividend of $0.82 per share, payable October 15, 2025 to holders of record September 15, 2025
DT Midstream reported first-quarter 2025 net income of $108 million, or $1.06 per diluted share, up from $97 million, or $0.99 per share, a year earlier. Adjusted EBITDA rose to $280 million from $245 million, and the company reaffirmed its 2025 Adjusted EBITDA guidance of $1,095 million to $1,155 million. The board also declared a quarterly dividend of $0.82 per share, payable July 15, 2025.
Net income of $108 million, or $1.06 per diluted share, versus $97 million, or $0.99 per share, in Q1 2024
Adjusted EBITDA of $280 million, versus $245 million in Q1 2024
2025 Adjusted EBITDA guidance reaffirmed at $1,095 million to $1,155 million
Quarterly dividend of $0.82 per share; record date June 16, 2025; payable July 15, 2025
DT Midstream reported full-year 2024 Adjusted EBITDA of $969 million, up from $924 million in 2023, and raised its 2025 Adjusted EBITDA guidance to $1.095 billion to $1.155 billion. Reported net income for 2024 was $354 million, or $3.60 per diluted share, down from $384 million in 2023, and the board raised the quarterly dividend 12% to $0.82 per share.
Full-year 2024 Adjusted EBITDA was $969 million, compared with $924 million in 2023.
Reported net income was $354 million, or $3.60 per diluted share, versus $384 million in 2023.
2025 Adjusted EBITDA guidance raised to $1.095 billion to $1.155 billion; 2026 early outlook is $1.155 billion to $1.225 billion.
Quarterly dividend of $0.82 per share, payable April 15, 2025 to stockholders of record on March 17, 2025.
DT Midstream completed its acquisition of Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission from ONEOK parties effective 11:59 p.m. Central Time on December 31, 2024, for a $1.2 billion purchase price. The company said the deal expands its pipeline segment revenue contribution, backed by take-or-pay contracts with utility customers, but the filing does not provide financial results for the acquired assets.
Purchase price of $1.2 billion, paid in cash per the press release
Acquired pipelines have total capacity of more than 3.7 Bcf/d and about 1,300 miles across seven states
Purchase agreement dated November 19, 2024, with ONEOK Partners Intermediate Limited Partnership and Border Midwestern Company
No pro forma financial statements required, as the deal does not exceed 20% significance under Regulation S-X 3-05
DT Midstream entered into Amendment No. 4 to its Credit Agreement dated June 10, 2021, with Barclays Bank PLC as administrative agent. The amendment extends the maturity of its revolving credit facility to five years after the amendment's effective date and adds customary limited condition transactions provisions for future acquisitions and other transactions.
Amendment No. 4 to Credit Agreement dated December 12, 2024; original agreement dated June 10, 2021
Revolving credit facility maturity extended to five years from the amendment's effective date
Limited condition transactions provisions enable future acquisitions, with conditionality subject only to customary SunGard conditions
DT Midstream issued $650 million of 5.800% senior secured notes maturing December 15, 2034, to help fund its pending acquisition of Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission. The company also terminated its $700 million 364-day bridge loan commitments after receiving the note proceeds, and the notes carry a special mandatory redemption at 101% if the acquisition is not completed.
Notes: $650 million principal, 5.800% coupon, maturing December 15, 2034, with interest paid semi-annually from June 15, 2025
Proceeds, with stock offering proceeds, revolver borrowings and cash on hand, fund the Pending Acquisition from ONEOK Partners and Border Midwestern Company
If the acquisition is not completed by the Acquisition Outside Date (later of November 19, 2025 or any extension), notes must be redeemed at 101% of principal
Company terminated its $700 million 364-day bridge loan facility commitments
On November 25, 2024, DT Midstream amended its credit agreement to permit certain bridge loans, including a $700 million 364-day bridge facility from Barclays Bank PLC. The bridge provides backstop funding for the company's purchase of all equity interests in Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission. As of the filing date, $293.7 million of commitments were outstanding under the bridge facility, and the filing gives no financial results or purchase price.
Amendment No. 3 to the credit agreement signed November 25, 2024, with Barclays Bank PLC as administrative agent
$700 million 364-day bridge loan facility from Barclays Bank PLC, with $293.7 million in commitments outstanding on the filing date
Bridge backs the purchase of Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission
DT Midstream sold 3,625,000 common shares at $101.000 each, and underwriters exercised in full their option for 543,750 more shares; the offering closed November 21, 2024. The company reports approximately $405,542,219 in net proceeds, which it intends to use to fund its pending acquisition of Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission from ONEOK, so shareholders face a larger share count while the company adds these pipelines.
3,625,000 shares priced at $101.000 per share to the public; underwriters agreed to buy them at $97.465 per share
Underwriters exercised their 30-day option for 543,750 additional shares in full on November 20, 2024
Net proceeds of approximately $405,542,219 after underwriting discounts and estimated offering expenses; offering closed November 21, 2024
Proceeds intended for the pending ONEOK pipeline acquisition; the company and its executive officers and directors agreed to a 45-day lock-up on share sales
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