DTM has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
DTM has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
DT Midstream's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $159.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $667.0 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 Sep. 2024 was 4.25%. DT Midstream's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 13.89%.
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 Sep. 2024 was 5.15%.
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.
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 | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
EBIT | Get a 7-Day Free Trial | 165.00 | 165.00 | 171.00 | 172.00 | 159.00 |
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.
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.
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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $667.0 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 Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | 488 * ( 1 - 24.79% ) | / | ( (8864 | + | 8399) | / 2 ) |
= | 367.0248 | / | 8631.5 | |||
= | 4.25 % |
where
Invested Capital | (Q: Jun. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 8986 | - | 172 | - | ( 73 | - | max(0, 306 | - | 256 | + | 73 | )) |
= | 8864 |
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 8587 | - | 201 | - | ( 77 | - | max(0, 262 | - | 249 | + | 77 | )) |
= | 8399 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
DT Midstream's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 636 | / | ( ( (4559 + max(-48, 0)) | + | (4596 + max(-81, 0)) ) | / | 2 ) |
= | 636 | / | ( ( 4559 | + | 4596 ) | / | 2 ) |
= | 636 | / | 4577.5 | ||||
= | 13.89 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (143 | + | 0 | + | 28) | - | (172 | + | 21 | + | 26) |
= | -48 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (137 | + | 0 | + | 29) | - | (201 | + | 18 | + | 28) |
= | -81 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 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: Sep. 2024 ) |
= | 667 | / | 12944.662 | |
= | 5.15 % |
* 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.
Thank you for viewing the detailed overview of DT Midstream's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey A Jewell | officer: Executive V.P., CFO | ONE ENERGY PLAZA, DETROIT MI 48226 |
Skaggs Robert C Jr | director, officer: Executive Chairman | 5151 SAN FELIPE, SUITE 2500, HOUSTON TX 77056 |
Peter I Tumminello | director | TEN PEACHTREE PLACE, ATLANTA GA 30309 |
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 |
From GuruFocus
By GuruFocus Research • 03-15-2024
By GuruFocus Research • 02-28-2024
By GlobeNewswire • 11-19-2024
By Marketwired • 10-15-2024
By GuruFocus Research • 07-31-2024
By Marketwired • 07-30-2024
By GuruFocus Research • 05-01-2024
By GuruFocus Research • 05-01-2024
By GuruFocus Research • 02-16-2024
By GuruFocus Research • 04-30-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.