DT Midstream, Inc. has reported record-breaking results for the full year 2025, with a 17% increase in adjusted EBITDA from 2024. The reported net income for the fourth quarter of 2025 was $111 million, or $1.08 per diluted share, and the full year 2025 reported net income was $441 million, or $4.30 per diluted share.
The company also announced an increase in its dividend by 7% from the fourth quarter of 2025 to $0.88 per share, to be paid on April 15, 2026, to stockholders of record on March 16, 2026.
DT Midstream revealed that it has increased its organic project backlog by approximately 50% to $3.4 billion over the next 5 years, with pipeline projects comprising 75% of the backlog. Additionally, the company reached final investment decisions on an expansion of Viking Gas Transmission and the next phase of the Interstate Pipeline Modernization Program.
Jeff Jewell, the Executive Vice President and CFO of DT Midstream, expressed confidence in meeting the company's goals for this year and beyond, stating that the adjusted EBITDA guidance for 2026 is $1.155 to $1.225 billion, representing 6% annual growth from the 2025 original guidance. Furthermore, the company's early outlook range for 2027 adjusted EBITDA is $1.225 to $1.295 billion.
DT Midstream is an owner, operator, and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment, and surface facilities, transporting clean natural gas for utilities, power plants, marketers, large industrial customers, and energy producers across the southern, northeastern, and midwestern United States and Canada. Following these announcements, the company's shares moved 2.91%, and are now trading at a price of $120.44. For more information, read the company's full 8-K submission here.
