Western Midstream vs DT Midstream

Western Midstream and DT Midstream are compared on this page to illuminate their business models, financial performance, and market context in a neutral, accessible way. This comparison aims to present clear, factual information about how each company operates and where they fit in the sector. Educational content, not financial advice.

Western Midstream and DT Midstream are compared on this page to illuminate their business models, financial performance, and market context in a neutral, accessible way. This comparison aims to presen...

Comparison Snapshot

Key Financial Metrics

WES

Metric

DTM

$16.39B

Market Cap

$12.20B

3.04%

Potential Profit

0.32%

Hold

Analyst Rating

Buy

Investment Analysis

Western Midstream

WES

Pros

Completed acquisition of Aris Water Solutions, expanding its water management capabilities in the midstream sector.
Reported record third-quarter 2025 Adjusted EBITDA of $633.8 million, indicating strong operational profitability.
Generates a high dividend yield around 9%, supported by stable cash flows from diversified midstream assets.

Considerations

Future growth prospects are moderate, as indicated by lower growth scores compared to valuation and dividend metrics.
Its operations are geographically concentrated in the Rocky Mountains and certain US basins, which may limit diversification benefits.
Stock has been rated by analysts mainly as a 'Hold' with limited upside indicated by price targets, reflecting cautious sentiment.

DT Midstream

DTM

Pros

DT Midstream has a focused asset base in gathering and processing natural gas liquids, providing targeted midstream exposure.
Benefits from contracts and fee-based revenue models that reduce commodity price exposure and provide stable cash flow.
Positioned to capitalize on growing US shale production trends driving midstream infrastructure demand.

Considerations

Exposure to commodity price fluctuations still introduces earnings volatility despite fee-based components.
Faces competition and regulatory challenges inherent to midstream infrastructure sectors, which can affect returns.
Growth is dependent on continued shale output and capital investment in infrastructure, which may be unpredictable.

About The Companies

Western Midstream (WES)

Western Midstream Partners LP (WES) is a midstream energy partnership that owns and operates pipelines, terminals, storage and processing assets serving oil and natural gas production regions. Investors should know it primarily earns fees for gathering, transporting and processing hydrocarbons, which can produce relatively predictable cash flows compared with upstream businesses, though throughput volumes and commodity-related activity affect revenue. With a market capitalisation around $15.34 billion, WES typically focuses on long-term contracts, acreage dedications and fee-for-service models that can support distributions, but maintenance capital and commodity cycles influence free cash flow and growth capacity. Key risks include operational incidents, regulatory and environmental oversight, counterparty credit and sensitivity to regional production trends. The partnership structure may have different tax reporting and distribution mechanics than a standard corporation. This is general educational information, not personalised investment advice — values can fall as well as rise and past performance is not a guarantee of future results.

DT Midstream (DTM)

DT Midstream, Inc. operates as a key components in the North American natural gas infrastructure network. The company owns, runs, and develops a significant portfolio of natural gas pipelines, storage systems, and gathering facilities. Its primary business involves transporting clean natural gas for a diverse group of customers, including utilities, power plants, and large industrial clients. The business is structured into two main segments: 'Pipeline', which handles the transportation and storage of gas through its interstate and intrastate networks, and 'Gathering', which collects natural gas directly from wells. For investors interested in the energy sector, DT Midstream represents a business focused on the essential midstream stage of the natural gas value chain. As with any investment, the company's value can be influenced by energy market dynamics, regulatory changes, and broader economic conditions.

Which Baskets Do They Appear In?

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Published: July 25, 2025

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OPEC+ Opens The Taps: Midstream's Moment

OPEC+ has decided to maintain its policy of gradually increasing oil production to meet rising global demand. This creates an investment opportunity in companies that provide the essential midstream services, such as transportation and storage, which will see increased business from the higher oil supply.

Published: July 25, 2025

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Natural Gas Drilling Revival Play

A carefully selected group of stocks poised to benefit from the recent upturn in U.S. natural gas drilling activity. Our professional analysts have identified companies across the entire natural gas value chain that could see improved performance as drilling rebounds for the first time in twelve weeks.

Published: July 20, 2025

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Which Baskets Do They Appear In?

Riding The OPEC+ Wave: Midstream Energy Plays

OPEC+ is moving forward with its plan to increase oil production to meet summer demand. This creates an opportunity for companies that transport, store, and process the additional crude oil and natural gas.

Published: July 25, 2025

Explore Basket

OPEC+ Opens The Taps: Midstream's Moment

OPEC+ has decided to maintain its policy of gradually increasing oil production to meet rising global demand. This creates an investment opportunity in companies that provide the essential midstream services, such as transportation and storage, which will see increased business from the higher oil supply.

Published: July 25, 2025

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Natural Gas Drilling Revival Play

A carefully selected group of stocks poised to benefit from the recent upturn in U.S. natural gas drilling activity. Our professional analysts have identified companies across the entire natural gas value chain that could see improved performance as drilling rebounds for the first time in twelve weeks.

Published: July 20, 2025

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Toll Road Businesses

These gatekeepers of modern commerce own indispensable infrastructure and collect fees on the flow of goods, energy, and data. Our analysts have selected companies with durable, recurring revenues from hard-to-replicate physical and digital networks.

Published: June 17, 2025

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Comparison Snapshot