What move does the options market price into DT Midstream's report?

Implied ±10.5%, either direction · provisional.

DTMNYSENatural Gas Transmission

DT Midstream, Inc. (DTM) earnings date, market-implied expected move, and options open interest by expiry

124.34

Closed16:01 ET

Open126.95Volume1.2MMkt cap$12.7BP/E26.91EPS4.62Div yield2.78%

Day123.61 – 127.6118%52-wk105.31 – 150.9442%

DTM

DT Midstream, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.5%implied · straddle

111.34137.34

spot 124.34exp Mar 19ATM strike 125ATM straddle 15.30IV 25%

Oct 30 closeprovisionalthin chain

Expected move

Inputs

Next report

Feb 18

before open · in 110 days

est.Q4 FY26

Calendar

Next report

Last report

+1.75%

vs ±5.2% implied · ×0.34

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Linked news

2dOKE · supplierOneok net income $1,350 million, diluted EPS $2.13 for quarter ended Sept 30, 2026

News

Largest filed tie

13F top-10 QoQ

+4.36%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

710 managers

Top fund weight

0.41%

DTM weight · MDY

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

DT Midstream (DTM) is expected to report on Feb 18 before open (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Jul 30 '26confirmed—▲+0.60%—

Q3 FY26Oct 29 '26confirmed±5.2%▲+1.75%×0.34

quarterimplied−10%0+10%realized×

Q3 FY26±5.2%▲+1.75%×0.34

Q2 FY26—▲+0.60%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 28 close

1.85OI · 3 expiries · Oct 28 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

370%Nov 2020d0.021,5110%0.02

410%Dec 1848d0.17246+1%0.17

report · Feb 18 · before open · est.

63+2%Mar 19139d340%

ExpiryPutsCallsP/C

Nov 2020d370%1,5110%0.02

Dec 1848d410%246+1%0.17

report · Feb 18 · before open · est.

Mar 19139d63+2%340%1.85

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±10.5%

Funds 4

MDY±0.0%

VIG±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

36.31%as filednet margin · revenue −2.04% QoQ · +7.01% YoY

Revenue

$336M−2.04% QoQ

Gross profit

$336M−2.04% QoQ

100.00% margin

Operating income

$163M−5.78% QoQ

48.51% margin

Pre-tax income

$163M−3.55% QoQ

Net income

$122M+5.17% QoQ

36.31% margin

Operating expenses

$173M+1.76% QoQ

SG&A $89M

Depreciation $71M

Other operating $11M

Other operating $2M

Tax

$41M−22.64% QoQ

Revenue$336M−2.04%

Gross profit

$336M−2.04%

100.00% margin

Operating income

$163M−5.78%

48.51% margin

Pre-tax income

$163M−3.55%

Net income

$122M+5.17%

36.31% margin

Cost of revenue

Operating expenses

$173M+1.76%

SG&A $89M

Depreciation $71M

Other operating $11M

Tax$41M−22.64%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

GDP ×1.80· ±2.0% vs ±1.1% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±2.0%13 of 19×1.80

CPROFcorporate profits±1.8%8 of 12×1.60

PCEpersonal income & outlays±1.7%13 of 19×1.59

FOMCrate decision±1.2%14 of 24×1.05

PPIproducer prices±1.0%3 of 11×0.91

CPIconsumer prices±0.8%5 of 11×0.73

NFPjobs report±0.7%4 of 10×0.62

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 1.16 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	1.16	—
Q2 FY26	Jul 30 '26 · confirmed	1.09	—
Q1 FY26	—	1.27	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod