v3.26.3
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 231 $ 54
Accounts receivable (net of $— allowance for expected credit loss for each period end) 185 186
Notes receivable — related party 4 0
Deferred property taxes 10 42
Prepaid expenses and other 39 36
Total Current Assets 469 318
Investments    
Investments in equity method investees 1,220 1,253
Property    
Property, plant, and equipment 7,308 6,958
Accumulated depreciation (1,351) (1,192)
Net Property, plant, and equipment 5,957 5,766
Other Assets    
Goodwill 781 781
Long-term notes receivable — related party 0 4
Operating lease right-of-use assets 41 46
Intangible assets, net 1,817 1,862
Other 47 50
Total Other Assets 2,686 2,743
Total Assets [1] 10,332 10,080
Current Liabilities    
Accounts payable 144 65
Operating lease liabilities 18 16
Dividends payable 90 83
Interest payable 47 11
Property taxes payable 32 48
Accrued compensation 20 25
Contract liabilities 28 25
Other 24 23
Total Current Liabilities 403 296
Long-Term Debt, net 3,277 3,324
Other Liabilities    
Deferred income taxes 1,386 1,270
Operating lease liabilities 24 32
Contract liabilities 166 160
Regulatory liabilities 90 90
Other 31 30
Total Other Liabilities 1,697 1,582
Total Liabilities [2] 5,377 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 September 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 September 30, 2026 and December 31, 2025, respectively) 1 1
Additional paid-in capital 3,905 3,915
Retained earnings 916 827
Accumulated other comprehensive loss (7) (7)
Total DT Midstream Equity 4,815 4,736
Noncontrolling interests 140 142
Total Equity 4,955 4,878
Total Liabilities and Equity $ 10,332 $ 10,080
[1]
(a) Our consolidated assets include $923 million and $943 million at September 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 September 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.