DTM — what changed in the latest 10-Q
A section-by-section comparison of DTM's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-07-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +8 | −6 | ~17 | 25 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
Operating revenues increased $36 million for the nine months ended September 30, 2026 primarily due to higher Stonewall inter-segment revenue from the MVP expansion of $20 million, higher LEAP revenue of $16 million from new customer and firm service contracts and higher production-related revenue, …
Operation and maintenance expense increased $12 million for the nine months ended September 30, 2026 primarily due to higher production-related operating expenses on LEAP of $6 million and higher pipeline integrity evaluation expenses on DTM Interstate Transportation of $3 million.
Depreciation and amortization expense increased $3 million for the nine months ended September 30, 2026 primarily due to assets placed into service at LEAP and Stonewall.
Earnings from equity method investees increased $9 million for the nine months ended September 30, 2026 primarily due to higher short-term contract revenues and lower expenses at Vector of $5 million.
Other income increased $5 million for the nine months ended September 30, 2026 primarily due to higher equity AFUDC.
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Operating revenues decreased $2 million for the three months ended June 30, 2026 primarily due to lower short-term contract revenue and lower recovery of operational flow order fees, which are offset in operation and maintenance expense, on LEAP of $4 million, partially offset by higher Stonewall in…
Operation and maintenance expense increased $4 million for the three months ended June 30, 2026 primarily due to timing of pipeline integrity evaluations, partially offset by higher operational flow order fees on LEAP in the prior period. Operation and maintenance expense increased $8 million for th…
Earnings from equity method investees decreased $10 million for the three months ended June 30, 2026 primarily due to lower seasonal short-term contract revenues of $7 million at Millennium and higher operating expenses of $3 million at NEXUS. Earnings from equity method investees increased $9 milli…
Income tax expense increased $11 million for the three months ended June 30, 2026 due to an increase in the effective tax rate, partially offset by lower income before income taxes. Income tax expense increased $12 million for the six months ended June 30, 2026 due to an increase in the effective ta…
Operating revenues increased $12 million for the three months ended June 30, 2026 primarily due to higher volumes of $6 million and higher recovery of production-related operating expenses of $4 million on Blue Union Gathering, and higher Appalachia Gathering volumes due to the MVP expansion of $5 m…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice