Business Segments · Capital Expenditures and Investments
Midstream — Capital Expenditures and Investments
Phillips 66 Midstream — Capital Expenditures and Investments increased by 20.8% to $343.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 58.8%, from $216.00M to $343.00M. Over 4 years (FY 2021 to FY 2025), Midstream — Capital Expenditures and Investments shows an upward trend with a 13.6% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2018
Last reportedQ1 2026
How to read this metric
High levels indicate aggressive growth or maintenance cycles, while low levels may suggest a focus on cash flow generation over expansion.
Detailed definition
Cash outflows used to acquire, upgrade, or maintain midstream physical assets such as pipelines, processing plants, and...
Peer comparison
Standard metric for assessing growth and maintenance investment in capital-intensive industries.
Metric ID:
psx_segment_midstream_capital_expenditures_and_investmentsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $184.50M | $184.50M | $184.50M | $260.75M | $260.75M | $260.75M | $260.75M | $156.25M | $156.25M | $156.25M | $156.25M | $255.00M | $96.00M | $172.00M | $228.00M | $216.00M | $384.00M | $347.00M | $284.00M | $343.00M |
| QoQ Change | — | +0.0% | +0.0% | +41.3% | +0.0% | +0.0% | +0.0% | -40.1% | +0.0% | +0.0% | +0.0% | +63.2% | -62.4% | +79.2% | +32.6% | -5.3% | +77.8% | -9.6% | -18.2% | +20.8% |
| YoY Change | — | — | — | — | +41.3% | +41.3% | +41.3% | -40.1% | -40.1% | -40.1% | -40.1% | +63.2% | -38.6% | +10.1% | +45.9% | -15.3% | +300.0% | +101.7% | +24.6% | +58.8% |
Range$96.00M – $384.00M
CAGR+13.9%
Avg YoY Growth+32.1%
Median YoY Growth+32.9%
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Frequently Asked Questions
- What is Phillips 66's midstream — capital expenditures and investments?
- Phillips 66 (PSX) reported midstream — capital expenditures and investments of $343.00M in Q1 2026.
- How has Phillips 66's midstream — capital expenditures and investments changed year-over-year?
- Phillips 66's midstream — capital expenditures and investments increased by 58.8% year-over-year, from $216.00M to $343.00M.
- What is the long-term trend for Phillips 66's midstream — capital expenditures and investments?
- Over 4 years (2021 to 2025), Phillips 66's midstream — capital expenditures and investments has grown at a 13.6% compound annual growth rate (CAGR), from $738.00M to $1.23B.
- What does midstream — capital expenditures and investments mean?
- The amount of money spent on building or maintaining midstream infrastructure assets.