Business Segments · Investments In and Advances to Affiliates
Midstream — Investments In and Advances to Affiliates
Phillips 66 Midstream — Investments In and Advances to Affiliates decreased by 0.9% to $2.10B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 7.3%, from $2.26B to $2.10B.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2021
Last reportedQ1 2026
Rolls up toInvestments
How to read this metric
An increase suggests expanded investment in joint infrastructure projects, while a decrease may indicate divestitures or the maturity of partnership-based capital projects.
Detailed definition
This metric represents the carrying value of equity method investments and long-term loans provided to joint ventures, p...
Peer comparison
Peers in the energy sector often report this under equity method investments; comparisons should focus on the ratio of these investments to total segment assets.
Metric ID:
psx_segment_midstream_investments_in_and_advances_to_affiliatesHistorical Data
9 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $3.98B | $4.27B | $3.77B | $3.08B | $2.26B | $2.23B | $2.20B | $2.12B | $2.10B |
| QoQ Change | — | +7.4% | -11.8% | -18.2% | -26.6% | -1.5% | -1.1% | -3.9% | -0.9% |
| YoY Change | — | +7.4% | -11.8% | -18.2% | — | — | — | -31.3% | -7.3% |
Range$2.10B – $4.27B
CAGR-27.4%
Avg YoY Growth-12.2%
Median YoY Growth-11.8%
Current Streak7 quarters decline
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Frequently Asked Questions
- What is Phillips 66's midstream — investments in and advances to affiliates?
- Phillips 66 (PSX) reported midstream — investments in and advances to affiliates of $2.10B in Q1 2026.
- How has Phillips 66's midstream — investments in and advances to affiliates changed year-over-year?
- Phillips 66's midstream — investments in and advances to affiliates decreased by 7.3% year-over-year, from $2.26B to $2.10B.
- What does midstream — investments in and advances to affiliates mean?
- The total value of capital invested in or loaned to joint ventures and non-consolidated partners within the midstream business.