| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 134 | 114 | 118 | 222 |
| Depreciation and amortization | 69 | 67 | 65 | 126 |
| Stock-based compensation | 6 | 7 | 7 | 12 |
| Amortization of operating lease right-of-use assets | 4 | 4 | 4 | 9 |
| Deferred income taxes | 33 | 38 | 38 | 61 |
| Earnings from equity method investees | 43 | 37 | 34 | 67 |
| Dividends from equity method investees | 41 | 33 | 46 | 59 |
| Loss from financing activities | NaN | 0 | 0 | NaN |
| Accounts receivable, net | 0 | 11 | 12 | 1 |
| Accounts payable | -3 | 2 | -2 | -13 |
| Interest payable | 1 | NaN | 37 | NaN |
| Accrued compensation | -14 | NaN | NaN | NaN |
| Contract liabilities | 1 | 3 | 12 | 11 |
| Other current and noncurrent assets and liabilities | -14 | 22 | 5 | -13 |
| Net cash and cash equivalents from operating activities | 280 | 161 | 274 | 432 |
| Plant and equipment expenditures | 78 | 131 | 143 | 152 |
| Acquisition accounted for as a business combination (purchase price adjustment) | NaN | NaN | 0 | 10 |
| Acquisition accounted for as a business combination (and purchase price adjustment) | NaN | -10 | NaN | NaN |
| Distributions from equity method investees | 15 | 15 | 15 | 19 |
| Contributions to equity method investees | 5 | 2 | 1 | 2 |
| Other investing activities | NaN | 1 | NaN | -1 |
| Net cash and cash equivalents used for investing activities | -68 | -118 | -130 | -124 |
| Issuance of long-term debt, net of discount and issuance costs | NaN | 0 | NaN | NaN |
| Repayment of long-term debt | NaN | 0 | 0 | NaN |
| Borrowings under the revolving credit facility | 90 | 95 | 70 | 165 |
| Repayment of borrowings under the revolving credit facility | 90 | 95 | 95 | 290 |
| Payment of revolving credit facility issuance costs | NaN | 0 | NaN | NaN |
| Other financing activities | NaN | -1 | -9 | -15 |
| Issuance of common stock, net of issuance costs | NaN | 0 | NaN | NaN |
| Distributions to noncontrolling interests | 5 | 3 | 5 | 9 |
| Contributions from noncontrolling interests | 1 | 0 | 2 | 5 |
| Dividends paid on common stock | 83 | 83 | 83 | 158 |
| Stock-based compensation tax withholding payments | 29 | NaN | NaN | NaN |
| Net cash and cash equivalents used for financing activities | -116 | -87 | -120 | -302 |
| Net increase in cash and cash equivalents | 96 | -44 | 24 | 6 |
| Cash and cash equivalents at beginning of period | 54 | 98 | 68 | NaN |
| Cash and cash equivalents at end of period | 150 | 54 | 98 | NaN |
DT Midstream, Inc. (DTM)
DT Midstream, Inc. (DTM)