DTMDT Midstream, Inc.
Natural Gas Transmission
- Revenue
- $1.2B
- 27% YoY
- Operating margin
- 49.4%
- 0.9% YoY
- EBITDA
- $872M
- 25% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.6×
- $3.1B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear197% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear37% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear8% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $840M | $920M | $922M | $981M | $1.2B | 27% |
| Operating income | $402M | $478M | $471M | $489M | $614M | 26% |
| Net income | $307M | $370M | $384M | $354M | $441M | 25% |
| Operating cash flow | $572M | $725M | $798M | $763M | $867M | 14% |
| Capex | $140M | $338M | $772M | $350M | $426M | 22% |
| Stock-based comp | $12M | $17M | $20M | $23M | $26M | 13% |
| Buybacks | $0 | $3M | $0 | — | — | |
| Dividends | $58M | $244M | $263M | $280M | $324M | 16% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $25K · 1
- Open-market sells, 12 mo
- $0 · 0
- Net
- $25K
Pay vs performance
No pay-versus-performance disclosure yet.