v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 172 $ 54
Accounts receivable (net of $— allowance for expected credit loss for each period end) 184 186
Notes receivable — related party 4 0
Deferred property taxes 21 42
Prepaid expenses and other 28 36
Total Current Assets 409 318
Investments    
Investments in equity method investees 1,243 1,253
Property    
Property, plant, and equipment 7,148 6,958
Accumulated depreciation (1,297) (1,192)
Net Property, plant, and equipment 5,851 5,766
Other Assets    
Goodwill 781 781
Long-term notes receivable — related party 0 4
Operating lease right-of-use assets 44 46
Intangible assets, net 1,832 1,862
Other 47 50
Total Other Assets 2,704 2,743
Total Assets [1] 10,207 10,080
Current Liabilities    
Accounts payable 70 65
Operating lease liabilities 19 16
Dividends payable 90 83
Interest payable 11 11
Property taxes payable 41 48
Accrued compensation 17 25
Contract liabilities 30 25
Other 20 23
Total Current Liabilities 298 296
Long-Term Debt, net 3,326 3,324
Other Liabilities    
Deferred income taxes 1,350 1,270
Operating lease liabilities 28 32
Contract liabilities 162 160
Regulatory liabilities 90 90
Other 32 30
Total Other Liabilities 1,662 1,582
Total Liabilities [2] 5,286 5,202
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, 2026 and December 31, 2025) 0 0
Common stock ($0.01 par value, 550,000,000 shares authorized, and 102,015,296 and 101,673,925 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) 1 1
Additional paid-in capital 3,897 3,915
Retained earnings 888 827
Accumulated other comprehensive loss (7) (7)
Total DT Midstream Equity 4,779 4,736
Noncontrolling interests 142 142
Total Equity 4,921 4,878
Total Liabilities and Equity $ 10,207 $ 10,080
[1]
(a) Our consolidated assets include $932 million and $943 million at June 30, 2026 and December 31, 2025, respectively, of certain assets that can be used only to settle obligations of the VIE. See Note 1, "Description of the Business and Basis of Presentation," to the Consolidated Financial Statements.
[2]
(b) Our consolidated liabilities include $8 million and $16 million at June 30, 2026 and December 31, 2025, respectively, of certain liabilities for which creditors do not have recourse to the general credit of the primary beneficiary. See Note 1, "Description of the Business and Basis of Presentation," to the Consolidated Financial Statements.