DT Midstream (NYSE:DTM) closed at $123.67 on October 16 and has returned -6.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The article says its balance sheet is light for a pipeline, with borrowings at 68.54% of equity, and that half of revenue reaches operating profit because its contracts pay whether or not gas flows. Revenue rose 11.00% last quarter. The share price is 19% below its high, which the article attributes to fading expectations that data centres would drive more gas demand rather than to the balance sheet. At 22.08 times next year's expected earnings and a 2.85% yield, the article says the fall did not make the stock cheap, mainly removing a premium built on forecasts.
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