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DT Midstream vs Excelerate Energy

DT Midstream and Excelerate Energy are similar in size: $1.24bn and $1.23bn of revenue in their latest fiscal years. Excelerate Energy grew faster (44.3% against 26.7%). DT Midstream kept more of each dollar of sales as profit: a net margin of 35.5% against 3.2%. Excelerate Energy carries less debt relative to equity (42.7% against 70.7%).

Latest fiscal yearDT MidstreamDTM, 2025Excelerate EnergyEE, 2025
Revenue $1.24bn $1.23bn
Revenue growth 26.7% 44.3%
Net income $441m $39.2m
Operating margin 49.4% 21.7%
Net margin 35.5% 3.2%
Return on equity 9.4% 1.9%
Free cash flow $441m $298m
Cash $54.0m $538m
Total debt $3.35bn $952m
Debt to equity 70.7% 42.7%
Dividend per share $3.28 —
Dividend yield 2.8% 0.9%
Share buybacks — —
Employees 588 1,046
Market value $12.34bn $1.12bn
Price vs our value range Within our value range —
Moat score 71 (Strong) 30 (Weak)
Insider trades, 12 months 4 buys, 1 sales 0 buys, 2 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.