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DT Midstream (DT Midstream) EBIT : $660.0 Mil (TTM As of Mar. 2024)


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What is DT Midstream EBIT?

DT Midstream's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $171.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $660.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DT Midstream's annualized ROC % for the quarter that ended in Mar. 2024 was 4.26%. DT Midstream's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DT Midstream's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.75%.


DT Midstream EBIT Historical Data

The historical data trend for DT Midstream's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

DT Midstream EBIT Chart

DT Midstream Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 367.00 553.00 534.00 619.00 650.00

DT Midstream Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 161.00 159.00 165.00 165.00 171.00

Competitive Comparison of DT Midstream's EBIT

For the Oil & Gas Midstream subindustry, DT Midstream's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DT Midstream's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, DT Midstream's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where DT Midstream's EV-to-EBIT falls into.



DT Midstream EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $660.0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


DT Midstream  (NYSE:DTM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

DT Midstream's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=496 * ( 1 - 23.66% )/( (8939 + 8835)/ 2 )
=378.6464/8887
=4.26 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

DT Midstream's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=684/( ( (4472 + max(-55, 0)) + (4525 + max(-78, 0)) )/ 2 )
=684/( ( 4472 + 4525 )/ 2 )
=684/4498.5
=15.21 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(154 + 0 + 47) - (205 + 18 + 33)
=-55

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(136 + 0 + 38) - (209 + 21 + 22)
=-78

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

DT Midstream's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=660/9777.234
=6.75 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


DT Midstream EBIT Related Terms

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DT Midstream (DT Midstream) Business Description

Traded in Other Exchanges
N/A
Address
500 Woodward Avenue, Suite 2900, Detroit, MI, USA, 48226-1279
DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities. It provides multiple, integrated natural gas services to customers through interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities, and gathering systems and related treatment plants and compression and surface facilities. The segments of the group are Pipeline and Gathering. It generates revenue from pipeline, storage, and gathering systems, substantially all of which are located in the Midwestern U.S., Eastern Canada, Northeastern U.S., and Gulf Coast regions.
Executives
Jeffrey A Jewell officer: Executive V.P., CFO ONE ENERGY PLAZA, DETROIT MI 48226
Peter I Tumminello director TEN PEACHTREE PLACE, ATLANTA GA 30309
Skaggs Robert C Jr director, officer: Executive Chairman 5151 SAN FELIPE, SUITE 2500, HOUSTON TX 77056
Elaine M Pickle director ONE ENERGY PLAZA, DETROIT MI 48226
David Slater director, officer: President and CEO ONE ENERGY PLAZA, DETROIT MI 48226
Angela N Archon director 294 ROUTE 100, BUILDING 1, SOMERS NY 10589
Melissa Cox officer: Sr. VP Admin. 500 WOODWARD AVE, SUITE 2900, DETROIT MI 48226
Wright Iii Lassiter director 500 PLAZA DRIVE, C/O QUEST DIAGNOSTICS, SECAUCUS NJ 07094
Dwayne Andree Wilson director 6700 LAS COLINAS BOULEVARD, IRVING TX 75039
Stephen W Baker director 5400 WESTHEIMER COURT, HOUSTON TX 77056
Redmond Richard L Jr officer: E.V.P., Chief Admin. Off. ONE ENERGY PLAZA, DETROIT MI 48226
Wendy Ellis officer: E.V.P., Gen Counsel & Corp Sec ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Christopher Zona officer: E.V.P., Chief Oper. Off. ONE ENERGY PLAZA, DETROIT MI 48226
Dte Energy Co 10 percent owner ONE ENERGY PLAZA, DETROIT MI 48226

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