Business Segments · Sales and other operating revenues

Midstream — Sales and other operating revenues

Phillips 66 Midstream — Sales and other operating revenues decreased by 1.1% to $5.52B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.2%, from $5.46B to $5.52B. Over 4 years (FY 2021 to FY 2025), Midstream — Sales and other operating revenues shows an upward trend with a 15.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
Rolls up toTotal Revenue

How to read this metric

Higher revenues generally indicate increased throughput volumes or improved service pricing, reflecting strong demand for midstream logistics.

Detailed definition

Total revenue generated from the midstream segment's core operations, including pipeline transportation fees, storage se...

Peer comparison

Comparable to revenue metrics for midstream service providers and pipeline operators.

Metric ID: psx_segment_midstream_sales_and_other_operating_revenues

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$2.60B$3.07B$3.89B$4.08B$3.82B$5.04B$6.18B$5.29B$4.12B$4.58B$4.61B$4.84B$4.35B$4.43B$5.17B$5.46B$5.06B$5.08B$5.59B$5.52B
QoQ Change+18.1%+26.8%+5.0%-6.4%+31.8%+22.8%-14.4%-22.1%+11.1%+0.6%+5.1%-10.2%+2.0%+16.6%+5.6%-7.4%+0.4%+10.1%-1.1%
YoY Change+47.1%+64.2%+59.0%+29.6%+7.9%-9.0%-25.5%-8.5%+5.4%-3.3%+12.2%+12.7%+16.3%+14.5%+8.1%+1.2%
Range$2.60B$6.18B
CAGR+17.2%
Avg YoY Growth+14.5%
Median YoY Growth+10.1%

Frequently Asked Questions

What is Phillips 66's midstream — sales and other operating revenues?
Phillips 66 (PSX) reported midstream — sales and other operating revenues of $5.52B in Q1 2026.
How has Phillips 66's midstream — sales and other operating revenues changed year-over-year?
Phillips 66's midstream — sales and other operating revenues increased by 1.2% year-over-year, from $5.46B to $5.52B.
What is the long-term trend for Phillips 66's midstream — sales and other operating revenues?
Over 4 years (2021 to 2025), Phillips 66's midstream — sales and other operating revenues has grown at a 15.4% compound annual growth rate (CAGR), from $11.94B to $21.18B.
What does midstream — sales and other operating revenues mean?
Total revenue earned from midstream transportation, storage, and processing services.