Insider purchase
Jeffrey A. Jewell, who serves as Executive Vice President and Chief Financial Officer of DT Midstream, Inc. (NYSE:DTM), acquired 185 shares of the company’s common stock on February 25, 2026. The shares were purchased at $136.33 each, bringing the total cost of the transaction to $25,221. Following the trade, Jewell’s direct ownership in DT Midstream stands at 89,582.78 shares.
Quarterly results and analyst reaction
DT Midstream’s fourth-quarter 2025 financials presented a mixed picture for investors. The company reported earnings per share of $1.08, falling short of the $1.17 consensus estimate. In contrast, revenue came in at $322 million, topping the forecasted $317.54 million.
In response to the quarterly report, Stifel adjusted its view of the stock - lowering the rating from Buy to Hold while simultaneously raising its price target to $137 from $121. The firm judged the fourth-quarter results to be in line with expectations and emphasized a robust organic backlog concentrated on natural gas pipelines. The company also provided guidance for 2026, with EBITDA projected to reach $1.19 billion at the midpoint of the range.
Context for investors
The insider purchase by Jewell increases his direct stake in the company by the reported amount. The quarter’s mixed metrics - an EPS shortfall against a revenue beat - and the subsequent analyst rating change reflect a complex set of signals about near-term performance and valuation. Stifel’s commentary highlighted pipeline-focused backlog strength, and management’s 2026 EBITDA midpoint provides a specific figure for modelers to reference.
What is clear
The factual record in this report is limited to the disclosed insider transaction, the company’s reported fourth-quarter 2025 results, Stifel’s rating change and price-target adjustment, the firm’s note on organic backlog focused on natural gas pipelines, and the 2026 EBITDA midpoint guidance. No additional outcomes or causes are asserted beyond these disclosed items.