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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 98 $ 68
Accounts receivable (net of $— allowance for expected credit loss for each period end) 175 172
Deferred property taxes 8 33
Prepaid expenses and other 41 37
Total Current Assets 322 310
Investments    
Investments in equity method investees 1,262 1,297
Property    
Property, plant, and equipment 6,857 6,525
Accumulated depreciation (1,141) (998)
Net Property, plant, and equipment 5,716 5,527
Other Assets    
Goodwill 781 776
Long-term notes receivable — related party 4 4
Operating lease right-of-use assets 50 49
Intangible assets, net 1,877 1,921
Other 49 51
Total Other Assets 2,761 2,801
Total Assets 10,061 9,935
Current Liabilities    
Accounts payable 96 77
Short-term borrowings 0 150
Operating lease liabilities 17 16
Dividends payable 83 75
Interest payable 49 12
Property taxes payable 30 42
Accrued compensation 19 19
Contract liabilities 22 18
Other 33 17
Total Current Liabilities 349 426
Long-Term Debt, net 3,322 3,319
Other Liabilities    
Deferred income taxes 1,234 1,129
Operating lease liabilities 36 36
Contract liabilities 157 135
Regulatory liabilities 90 90
Other 29 34
Total Other Liabilities 1,546 1,424
Total Liabilities 5,217 5,169
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, 2025 and December 31, 2024) 0 0
Common stock ($0.01 par value, 550,000,000 shares authorized, and 101,673,925 and 101,324,894 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively) 1 1
Additional paid-in capital 3,907 3,911
Retained earnings 801 723
Accumulated other comprehensive loss (7) (8)
Total DT Midstream Equity 4,702 4,627
Noncontrolling interests 142 139
Total Equity 4,844 4,766
Total Liabilities and Equity $ 10,061 $ 9,935