DT Midstream

Q2 FY2026 EarningsQ2 FY2026 earnings missed consensus on bottom-line metrics despite steady Adjusted EBITDA. Diluted EPS (GAAP) of $1.09 missed the $1.14 mean estimate by 4.6%, while reported net income of $112M was slightly below the $114.6M expected. Although operational execution remains firm with $2.0B in projects commercialized, higher tax expenses ($53M vs. $36M in Q1) weighed on profitability. Management reaffirmed its full-year FY2026 Adjusted EBITDA guidance of $1.155–$1.225B, consistent with previous outlooks.