XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.23.1

Earnings Per Share and Dividends | 3 Months Ended
--- | ---
Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share and Dividends | EARNINGS PER SHARE AND DIVIDENDS Basic earnings per share is calculated by dividing Net Income attributable to DT Midstream by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect the dilution that would occur if any potentially dilutive instruments were exercised or converted into common shares. Restricted stock units and performance shares, including dividend equivalents on those grants, are potentially dilutive and, if dilutive, are included in the determination of weighted average shares outstanding. Restricted stock units and performance shares do not receive cash dividends, as such, these awards are not considered participating securities. The following is a reconciliation of DT Midstream's basic and diluted earnings per share calculation:
| Three Months Ended |  |  |  |
| 2023 |  | 2022 |  |  |  |  |  |  |  |  |  |  |  |
| (millions, except per share amounts) |  |
Basic and Diluted Earnings per Common Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Income Attributable to DT Midstream | $ | 81 |  |  | $ | 81 |  |  |  |  |  |  |  |  |  |  |  |  |
Average number of common shares outstanding — basic | 96.8 |  |  | 96.7 |  |  |  |  |  |  |  |  |  |  |  |  |
Incremental shares attributable to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average dilutive restricted stock units and performance share awards | 0.6 |  |  | 0.3 |  |  |  |  |  |  |  |  |  |  |  |  |
Average number of common shares outstanding — diluted | 97.4 |  |  | 97.0 |  |  |  |  |  |  |  |  |  |  |  |  |
Basic Earnings per Common Share | $ | 0.84 |  |  | $ | 0.84 |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted Earnings per Common Share | $ | 0.84 |  |  | $ | 0.84 |  |  |  |  |  |  |  |  |  |  |  |  |
DT Midstream declared the following cash dividends:
Dividends Declared |  | Dividend Amount |  | Dividend Payment Date
(quarter ended) |  | (per-share) |  | (millions) |  |
2022 |  |  |  |  |  |
March 31 |  | $ | 0.64 |  |  | $ | 62 |  |  | April 2022
June 30 |  | $ | 0.64 |  |  | $ | 62 |  |  | July 2022
September 30 |  | $ | 0.64 |  |  | $ | 62 |  |  | October 2022
December 31 |  | $ | 0.64 |  |  | $ | 62 |  |  | January 2023
2023 |  |  |  |  |  |
March 31 |  | $ | 0.69 |  |  | $ | 67 |  |  | April 2023

X
- Definition Earnings Per Share and Dividends + References No definition available. + Details
Name: | dtm_EarningsPerShareAndDividendsTextBlock
Namespace Prefix: | dtm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration