DT Midstream Inc (DTM) - Net Assets
Based on the latest financial reports, DT Midstream Inc (DTM) has net assets worth $4.84 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.06 Billion) and total liabilities ($5.22 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check DT Midstream Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.84 Billion |
| % of Total Assets | 48.15% |
| Annual Growth Rate | 7.4% |
| 5-Year Change | 12.72% |
| 10-Year Change | N/A |
| Growth Volatility | 8.13 |
DT Midstream Inc - Net Assets Trend (2018–2024)
This chart illustrates how DT Midstream Inc's net assets have evolved over time, based on quarterly financial data. Also explore DT Midstream Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for DT Midstream Inc (2018–2024)
The table below shows the annual net assets of DT Midstream Inc from 2018 to 2024. For live valuation and market cap data, see DT Midstream Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.77 Billion | +11.36% |
| 2023-12-31 | $4.28 Billion | +3.03% |
| 2022-12-31 | $4.15 Billion | +3.31% |
| 2021-12-31 | $4.02 Billion | -4.90% |
| 2020-12-31 | $4.23 Billion | +13.53% |
| 2019-12-31 | $3.72 Billion | +19.94% |
| 2018-12-31 | $3.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to DT Midstream Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 100.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $723.00 Million | 15.63% |
| Common Stock | $1.00 Million | 0.02% |
| Other Comprehensive Income | $-8.00 Million | -0.17% |
| Other Components | $3.91 Billion | 84.53% |
| Total Equity | $4.63 Billion | 100.00% |
DT Midstream Inc Competitors by Market Cap
The table below lists competitors of DT Midstream Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SON.HO.UN.ADR 1/5 SF -05
F:PHBA
|
$12.25 Billion |
|
McCormick & Company Incorporated
NYSE:MKC
|
$12.25 Billion |
|
Equity Lifestyle Properties Inc
NYSE:ELS
|
$12.26 Billion |
|
Ionis Pharmaceuticals Inc
NASDAQ:IONS
|
$12.26 Billion |
|
TELE2 AB UNSP.ADR/1/2 B
F:NCY
|
$12.21 Billion |
|
Axa Equitable Holdings Inc
NYSE:EQH
|
$12.21 Billion |
|
Sociedad Quimica y Minera de Chile SA ADR B
NYSE:SQM
|
$12.20 Billion |
|
CARLSBERG B DK20 ADR 1/5
F:CBGC
|
$12.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DT Midstream Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,139,000,000 to 4,627,000,000, a change of 488,000,000 (11.8%).
- Net income of 354,000,000 contributed positively to equity growth.
- Dividend payments of 280,000,000 reduced retained earnings.
- Share repurchases of 406,000,000 reduced equity.
- New share issuances of 406,000,000 increased equity.
- Other factors increased equity by 414,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $354.00 Million | +7.65% |
| Dividends Paid | $280.00 Million | -6.05% |
| Share Repurchases | $406.00 Million | -8.77% |
| Share Issuances | $406.00 Million | +8.77% |
| Other Changes | $414.00 Million | +8.95% |
| Total Change | $- | 11.79% |
Book Value vs Market Value Analysis
This analysis compares DT Midstream Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.04x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.42x to 3.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $22.25 | $142.80 | x |
| 2019-12-31 | $36.85 | $142.80 | x |
| 2020-12-31 | $42.05 | $142.80 | x |
| 2021-12-31 | $40.03 | $142.80 | x |
| 2022-12-31 | $41.22 | $142.80 | x |
| 2023-12-31 | $42.45 | $142.80 | x |
| 2024-12-31 | $47.02 | $142.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DT Midstream Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.09%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.15x
- Recent ROE (7.65%) is below the historical average (8.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 10.72% | 47.63% | 0.10x | 2.26x | $15.50 Million |
| 2019 | 5.72% | 40.48% | 0.06x | 2.18x | $-152.90 Million |
| 2020 | 7.66% | 41.38% | 0.09x | 2.05x | $-95.30 Million |
| 2021 | 7.93% | 36.55% | 0.10x | 2.11x | $-80.20 Million |
| 2022 | 9.23% | 40.22% | 0.10x | 2.20x | $-30.70 Million |
| 2023 | 9.28% | 41.65% | 0.10x | 2.17x | $-29.90 Million |
| 2024 | 7.65% | 36.09% | 0.10x | 2.15x | $-108.70 Million |
Industry Comparison
This section compares DT Midstream Inc's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $151,558,839
- Average return on equity (ROE) among peers: 43.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DT Midstream Inc (DTM) | $4.84 Billion | 10.72% | 1.08x | $12.24 Billion |
| Antero Midstream Partners LP (AM) | $1.97 Billion | 20.95% | 1.98x | $9.90 Billion |
| CBL International Limited Ordinary Shares (BANL) | $25.29 Million | 4.50% | 1.11x | $12.00 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $14.73 Million | 372.22% | 0.02x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $61.21 Million | 7.25% | 6.93x | $284.93 Million |
| Cheniere Energy Partners LP (CQP) | $-2.13 Billion | 0.00% | 0.00x | $30.19 Billion |
| Cheniere Energy Partners LP (CQP) | $-253.34 Million | 0.00% | 0.00x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $206.45 Million | -19.51% | 1.44x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $326.49 Million | 1.11% | 2.26x | $139.71 Million |
| Excelerate Energy Inc (EE) | $1.14 Billion | 8.60% | 2.05x | $1.08 Billion |
About DT Midstream Inc
DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates in two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines. This segment also engages in the transportation and storage of natural g… Read more