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Phillips 66 PSX Midstream — Capital Expenditures and Investments

Other segment segments

Refining
$255M+72.3%
M&S
$34M
Renewable Fuels
$6M-33.3%
Chemicals
$0

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MTDRMidstream — Midstream capital expenditures
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MTDRMidstream capital expenditures
$21.06M-75.8%
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MTDRMidstream capital expenditures
$21.06M-75.8%
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KNTKMidstream Logistics — Capital expenditure
$92.58M+14.0%
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COPCapital expenditures and investments
$3.02B-8.0%

Other financials

Income statement

See full
Revenue$51.0B+53.1%
Gross profit$7.3B+72.9%
Net income$3.8B+339%
EPS (diluted)$9.55+344%

Balance sheet

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Cash & equivalents$4.1B+290%
Total debt$20.6B
Total equity$31.5B+14.6%
Total assets$81.8B+7.7%

Cash flow

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Operating cash flow$7.3B+759%

Valuation

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Market cap$81.36B+70.1%
Enterprise value$97.83B
P/E11.5×-16.4×
P/S0.5×+0.2×

Profitability

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Gross margin13.1%+3.1pp
Net margin4.7%+3.4pp

Returns & leverage

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Return on equity24%+18.0pp
Debt / equity0.7×
Current ratio1.3×+0.2×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept psx:CapitalExpendituresAndInvestments.

The source filing: Phillips 66’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:43 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001534701-26-000032
Line itemMillions of Dollars / Operating Segments / MidstreamMillions of Dollars / Operating Segments / ChemicalsMillions of Dollars / Operating Segments / RefiningMillions of Dollars / Operating Segments / M&SMillions of Dollars / Operating Segments / Renewable FuelsMillions of Dollars / Corporate and OtherMillions of Dollars / Total Consolidated
Three Months Ended June 30, 2026
Interest Income8181
Capital Expenditures and Investments*42825520617726
Three Months Ended June 30, 2025
Interest Income3434
Capital Expenditures and Investments*38414834912587
Six Months Ended June 30, 2026
Interest Income112112

Item 1. FINANCIAL STATEMENTS

FAQ

What is Phillips 66's midstream — capital expenditures and investments?
Phillips 66 (PSX) reported midstream — capital expenditures and investments of $428M in Q2 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 11.5% year-over-year, from $384M to $428M.
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 13.8% compound annual growth rate (CAGR), from $733M to $1.23B.
What does midstream — capital expenditures and investments mean?
Cash outflows used to acquire, upgrade, or maintain midstream physical assets such as pipelines, processing plants, and storage facilities. This metric highlights the level of capital reinvestment into the segment's growth and maintenance.

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