v3.25.2
EARNINGS PER SHARE AND DIVIDENDS
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE AND DIVIDENDS EARNINGS PER SHARE AND DIVIDENDS
Basic earnings per share is calculated by dividing net income attributable to DT Midstream by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect the dilution that would occur if any potentially dilutive instruments were exercised or converted into common shares, using the treasury stock method. Restricted stock units and performance share awards, including dividend equivalents on those grants, are potentially dilutive and, if dilutive, are included in the determination of weighted-average shares outstanding. Restricted stock units and performance share awards do not receive cash dividends, as such, these awards are not considered participating securities.
The following is a reconciliation of basic and diluted earnings per share:
Three Months EndedSix Months Ended
June 30,June 30,
2025202420252024
(millions, except per share amounts)
Basic and Diluted Earnings per Common Share
Net Income Attributable to DT Midstream$107 $96 $215 $193 
Average number of common shares outstanding — basic101.6 97.1 101.5 97.1 
Incremental shares attributable to:
Average dilutive restricted stock units and performance share awards0.9 0.8 1.0 0.7 
Average number of common shares outstanding — diluted102.5 97.9 102.5 97.8 
Basic Earnings per Common Share$1.05 $0.99 $2.12 $1.99 
Diluted Earnings per Common Share$1.04 $0.98 $2.10 $1.97 
We declared the following cash dividends:
Dividends DeclaredDividend AmountDividend Payment Date
(quarter ended)(per-share)(millions)
2024
March 31$0.735 $71 April 2024
June 30$0.735 $71 July 2024
September 30$0.735 $71 October 2024
December 31$0.735 $75 January 2025
2025
March 31$0.820 $83 April 2025
June 30$0.820 $83 July 2025