DT Midstream Inc. (DTM) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
500 WOODWARD AVENUE DETROIT, MI 48226-1279 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4922 - Natural Gas Transmission (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 56,000 | 61,000 | 132,000 | |||
| Cash and cash equivalents | 56,000 | 61,000 | 132,000 | |||
| Receivables | 173,000 | 161,000 | 173,000 | |||
| Prepaid expense | 31,000 | 22,000 | 25,000 | |||
| Other current assets | 18,000 | 25,000 | ||||
| Other undisclosed current assets | 12,000 | 5,000 | ||||
| Total current assets: | 272,000 | 262,000 | 360,000 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 4,434,000 | 3,806,000 | 3,490,000 | |||
| Long-term investments and receivables | 1,762,000 | 2,200,000 | 1,691,000 | |||
| Long-term investments | 1,762,000 | 2,200,000 | 1,691,000 | |||
| Other noncurrent assets | 2,514,000 | 2,565,000 | 2,625,000 | |||
| Total noncurrent assets: | 8,710,000 | 8,571,000 | 7,806,000 | |||
| TOTAL ASSETS: | 8,982,000 | 8,833,000 | 8,166,000 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 223,000 | 240,000 | 104,000 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 58,000 | ||
| Taxes payable | ✕ | ✕ | ✕ | 24,000 | ||
| Accounts payable | 94,000 | 119,000 | 22,000 | |||
| Accrued liabilities | 129,000 | 121,000 | ||||
| Deferred revenue | 18,000 | |||||
| Debt | 165,000 | 330,000 | 10,000 | |||
| Other liabilities | 15,000 | 28,000 | 47,000 | |||
| Other undisclosed current liabilities | 13,000 | 16,000 | 16,000 | |||
| Total current liabilities: | 434,000 | 614,000 | 177,000 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 3,065,000 | 3,059,000 | 3,036,000 | |||
| Long-term debt, excluding current maturities | 3,065,000 | 3,059,000 | 3,036,000 | |||
| Liabilities, other than long-term debt | 1,203,000 | 1,006,000 | 932,000 | |||
| Other liabilities | 1,203,000 | 1,006,000 | 932,000 | |||
| Total noncurrent liabilities: | 4,268,000 | 4,065,000 | 3,968,000 | |||
| Total liabilities: | 4,702,000 | 4,679,000 | 4,145,000 | |||
| Equity | ||||||
| Equity, attributable to parent | 4,139,000 | 4,007,000 | 3,872,000 | |||
| Common stock | 1,000 | 1,000 | 1,000 | |||
| Additional paid in capital | 3,485,000 | 3,469,000 | 3,450,000 | |||
| Accumulated other comprehensive loss | (8,000) | (10,000) | (10,000) | |||
| Retained earnings | 661,000 | 547,000 | 431,000 | |||
| Equity, attributable to noncontrolling interest | 141,000 | 147,000 | 149,000 | |||
| Total equity: | 4,280,000 | 4,154,000 | 4,021,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,982,000 | 8,833,000 | 8,166,000 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 922,000 | 920,000 | 840,000 | ||
| Gross profit: | 922,000 | 920,000 | 840,000 | ||
| Operating expenses | (455,000) | (465,000) | (421,000) | ||
| Other undisclosed operating income (loss) | 4,000 | 23,000 | (17,000) | ||
| Operating income: | 471,000 | 478,000 | 402,000 | ||
| Nonoperating income | 2,000 | 4,000 | 6,000 | ||
| Investment income, nonoperating | 1,000 | 3,000 | 4,000 | ||
| Other nonoperating income | 1,000 | 1,000 | 2,000 | ||
| Interest and debt expense | (150,000) | (150,000) | (112,000) | ||
| Income from continuing operations before equity method investments, income taxes: | 323,000 | 332,000 | 296,000 | ||
| Income from equity method investments | 177,000 | 150,000 | 126,000 | ||
| Income from continuing operations before income taxes: | 500,000 | 482,000 | 422,000 | ||
| Income tax expense | (104,000) | (100,000) | (104,000) | ||
| Income from continuing operations: | 396,000 | 382,000 | 318,000 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 318,000 | |
| Net income: | 396,000 | 382,000 | 318,000 | ||
| Net loss attributable to noncontrolling interest | (12,000) | (12,000) | (11,000) | ||
| Net income available to common stockholders, diluted: | 384,000 | 370,000 | 307,000 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income: | 396,000 | 382,000 | 318,000 | ||
| Other comprehensive income | 2,000 | 1,000 | |||
| Comprehensive income: | 398,000 | 382,000 | 319,000 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (12,000) | (12,000) | (11,000) | ||
| Comprehensive income, net of tax, attributable to parent: | 386,000 | 370,000 | 308,000 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.