v3.25.2
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 74 $ 68
Accounts receivable (net of $— allowance for expected credit loss for each period end) 164 172
Deferred property taxes 17 33
Prepaid expenses and other 36 37
Total Current Assets 291 310
Investments    
Investments in equity method investees 1,288 1,297
Property    
Property, plant, and equipment 6,697 6,525
Accumulated depreciation (1,092) (998)
Net Property, plant, and equipment 5,605 5,527
Other Assets    
Goodwill 781 776
Long-term notes receivable — related party 4 4
Operating lease right-of-use assets 50 49
Intangible assets, net 1,892 1,921
Other 49 51
Total Other Assets 2,776 2,801
Total Assets 9,960 9,935
Current Liabilities    
Accounts payable 84 77
Short-term borrowings 25 150
Operating lease liabilities 16 16
Dividends payable 83 75
Interest payable 11 12
Property taxes payable 36 42
Accrued compensation 14 19
Contract liabilities 20 18
Other 42 17
Total Current Liabilities 331 426
Long-Term Debt, net 3,321 3,319
Other Liabilities    
Deferred income taxes 1,195 1,129
Operating lease liabilities 37 36
Contract liabilities 144 135
Regulatory liabilities 90 90
Other 27 34
Total Other Liabilities 1,493 1,424
Total Liabilities 5,145 5,169
Commitments and Contingencies (Note 10)
Stockholders' Equity    
Preferred stock ($0.01 par value, 50,000,000 shares authorized, and no shares issued or outstanding as of June 30, 2025 and December 31, 2024) 0 0
Common stock ($0.01 par value, 550,000,000 shares authorized, and 101,592,505 and 101,324,894 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively) 1 1
Additional paid-in capital 3,909 3,911
Retained earnings 770 723
Accumulated other comprehensive loss (7) (8)
Total DT Midstream Equity 4,673 4,627
Noncontrolling interests 142 139
Total Equity 4,815 4,766
Total Liabilities and Equity $ 9,960 $ 9,935