DT Midstream (DTM) vs Plains GP L.P. (PAGP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Plains GP L.P. (PAGP) has outperformed DT Midstream (DTM) over the past year, gaining 47.1% versus a gain of 7.6%. Over five years, DTM leads with a +145.8% price change compared with +123.7% for PAGP. DT Midstream is the larger company by market cap ($12.52 billion vs $6.11 billion), about 2.0 times the size.
On valuation, Plains GP L.P. trades at a lower forward P/E (12.7x vs 25.3x for DT Midstream). Plains GP L.P. offers the higher dividend yield (6.23% vs 2.77%). DT Midstream converts more of its revenue into profit, with a net margin of 35.5% versus 0.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | DTM | PAGP |
|---|---|---|
| Share price | $122.69 | $26.21 |
| Market cap | $12.52B | $6.11B |
| 1-day change | -1.53% | -0.11% |
| YTD return | +2.52% | +37.10% |
| 1-year return | +7.61% | +47.09% |
| 5-year return | +145.77% | +123.70% |
| P/E ratio (TTM) | 26.85 | 59.57 |
| Forward P/E | 25.29 | 12.69 |
| EPS (TTM) | $4.57 | $0.44 |
| Dividend yield | 2.77% | 6.23% |
| Annual dividend | $3.40 | $1.63 |
| Revenue (latest FY) | $1.24B | $44.26B |
| Revenue growth (YoY) | +26.71% | -9.46% |
| Net income (latest FY) | $441.00M | $260.00M |
| Gross margin | — | 8.65% |
| Operating margin | 49.40% | 3.23% |
| Net margin | 35.48% | 0.59% |
| 52-week high | $152.88 | $28.70 |
| 52-week low | $104.99 | $16.68 |
| Distance from 52-week high | -19.75% | -8.68% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +24.38% | -0.50% |
| Average volume | 919.48K | 1.63M |
| Shares outstanding | 102.02M | 197.90M |
| Employees | 588 | — |
| Sector | Utilities | Energy |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- DT Midstream is about 2.0 times larger than Plains GP L.P. by market value ($12.52B vs $6.11B).
- PAGP has outperformed DTM by 39.5 percentage points over the past year.
- Plains GP L.P. trades at a higher earnings multiple (59.6x vs 26.8x trailing P/E).
- Plains GP L.P. offers a meaningfully higher dividend yield (6.23% vs 2.77%).
- DT Midstream is more profitable, keeping 35.5 cents of every revenue dollar as net income versus 0.6 cents for Plains GP L.P..
- DT Midstream grew revenue faster in its latest fiscal year (+26.71% vs -9.46%).
- The two companies sit in different sectors: DT Midstream in Utilities and Plains GP L.P. in Energy.
About DT Midstream
DTM stock →DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates in two segments, Pipeline and Gathering.
Utilities · Natural Gas Distribution · 588 employees
About Plains GP L.P.
PAGP stock →Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments.
Energy · Natural Gas Distribution
DTM vs PAGP FAQ
Which is bigger, DT Midstream or Plains GP L.P.?
DT Midstream (DTM) is larger, with a market capitalization of $12.52B compared with $6.11B for Plains GP L.P. (PAGP).
Which stock has performed better over the past year, DTM or PAGP?
PAGP returned +47.09% over the past 12 months, compared with +7.61% for DTM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DTM or PAGP?
DTM has the lower trailing P/E at 26.8, versus 59.6 for PAGP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, DT Midstream or Plains GP L.P.?
Plains GP L.P. has the higher yield at 6.23%, compared with 2.77% for DT Midstream.
Are DT Midstream and Plains GP L.P. in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.