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DT MidstreamDTM -1.12%83 Debt-to-Equity is 0.71 as of Mar. 2026, which is 10% below its 10-year median of 0.79. GuruFocus rates DTM with a GF Score™ of 83/100 and a GF Value™ of $114.26 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 796 Oil & Gas companies, DT Midstream ranks worse than 62.44% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for DT Midstream's Debt-to-Equity or its related term are showing as below:
DTM'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 0.79 Max: 0.87
Current: 0.71
During the past 8 years, the highest Debt-to-Equity Ratio of DT Midstream was 0.87. The lowest was 0.65. And the median was 0.79.
DTM's Debt-to-Equity is ranked worse than 62.44% of 796
companies
in the Oil & Gas industry
Industry Median: 0.465
vs DTM: 0.71
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
DT Midstream Debt-to-Equity Related Terms
DT Midstream Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for DT Midstream's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, DT Midstream's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
DT Midstream Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DT Midstream's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where DT Midstream's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
DT Midstream (DTM) has a Debt-to-Equity of 0.71 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DT Midstream and its competitors. This is 10% below median its historical median of 0.79. Over the past decade, DT Midstream's Debt-to-Equity has ranged from 0.65 to 0.87. According to the industry distribution chart, DT Midstream ranks #497 out of 796 companies in the Oil & Gas industry, placing it in the top 62.4%.
Is DT Midstream's Debt-to-Equity too high?
DT Midstream's current Debt-to-Equity of 0.71 is 10% below median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 0.87. The Oil & Gas industry median Debt-to-Equity is 0.47. DT Midstream's value of 0.71 is 52.7% above this industry median. Based on the distribution chart, DT Midstream ranks #497 out of 796 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, DT Midstream has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DT Midstream's Debt-to-Equity compare to PAA and WES?
According to the Oil & Gas industry distribution chart, DT Midstream ranks #497 out of 796 companies for Debt-to-Equity. This places DT Midstream in the lower half of its industry. The industry median Debt-to-Equity is 0.47. DT Midstream's value of 0.71 is 52.7% above this benchmark. Historically, DT Midstream's own Debt-to-Equity has ranged from 0.65 to 0.87 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 0.47, DT Midstream has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.47, based on 796 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DT Midstream's current Debt-to-Equity of 0.71 is 52.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DT Midstream and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DT Midstream's current Debt-to-Equity is 0.71, which is 10% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DT Midstream stock overvalued right now?
Based on GuruFocus' analysis, DT Midstream (DTM) is currently considered Modestly Overvalued. The stock's GF Value™ is $114.26, compared to a current price of $145.05 — trading 26.9% above its estimated fair value. The current Debt-to-Equity is 0.71, which is 10% below median its 10-year median of 0.79 and 52.7% above the Oil & Gas industry median of 0.47. DT Midstream's overall GF Score™ is 83/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For DT Midstream (DTM), the current Debt-to-Equity is 0.71 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is DT Midstream (DTM) Overvalued in 2026?
Based on GuruFocus' analysis, DT Midstream stock appears to be overvalued.
The current stock price of $145.05 is trading 26.9% above its estimated GF Value™ of $114.26.
GuruFocus considers DT Midstream to be Modestly Overvalued.
Key valuation signals for DTM:
Debt-to-Equity: 0.71 (10% below median its 10-year median of 0.79)
GF Value™: $114.26 vs. price of $145.05 (26.9% above fair value)
Industry Position: 52.7% above the Oil & Gas median (#497 of 796)
No single metric tells the full story. See the DTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities. It provides multiple, integrated natural gas services to customers through interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities, and gathering systems and related treatment plants and compression and surface facilities. The segments of the group are Pipeline and Gathering. It generates maximum revenue from pipeline segment that includes interstate pipelines, storage systems, gathering lateral pipelines and compression and surface facilities.
83GF Score
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