Business Segments · Gross PP&E
Midstream Segment — Gross PP&E
Phillips 66 Midstream Segment — Gross PP&E increased by 1.2% to $29.90B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.5%, from $26.34B to $29.90B. Over 4 years (FY 2021 to FY 2025), Midstream Segment — Gross PP&E shows an upward trend with a 23.3% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2019
Last reportedQ1 2026
Rolls up toPP&E (Net)
How to read this metric
An increase indicates ongoing capital expansion and infrastructure development, while a decrease suggests asset divestitures or impairments.
Detailed definition
Represents the total historical cost of all property, plant, and equipment assets within the midstream segment before ac...
Peer comparison
Standard across energy midstream peers as a measure of asset base scale.
Metric ID:
psx_segment_midstream_gross_pp_eHistorical 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 | $12.29B | $12.44B | $12.52B | $12.60B | $13.37B | $26.14B | $25.42B | $25.55B | $25.71B | $26.02B | $26.12B | $26.21B | $26.28B | $25.95B | $26.19B | $26.34B | $28.95B | $29.28B | $29.56B | $29.90B |
| QoQ Change | — | +1.2% | +0.7% | +0.6% | +6.1% | +95.6% | -2.7% | +0.5% | +0.6% | +1.2% | +0.4% | +0.3% | +0.3% | -1.2% | +0.9% | +0.6% | +9.9% | +1.2% | +1.0% | +1.2% |
| YoY Change | — | — | — | — | +8.8% | +110.2% | +103.0% | +102.8% | +92.3% | -0.5% | +2.8% | +2.6% | +2.2% | -0.2% | +0.2% | +0.5% | +10.2% | +12.8% | +12.9% | +13.5% |
Range$12.29B – $29.90B
CAGR+20.6%
Avg YoY Growth+29.6%
Median YoY Growth+9.5%
Current Streak6 quarters growth
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Frequently Asked Questions
- What is Phillips 66's midstream segment — gross pp&e?
- Phillips 66 (PSX) reported midstream segment — gross pp&e of $29.90B in Q1 2026.
- How has Phillips 66's midstream segment — gross pp&e changed year-over-year?
- Phillips 66's midstream segment — gross pp&e increased by 13.5% year-over-year, from $26.34B to $29.90B.
- What is the long-term trend for Phillips 66's midstream segment — gross pp&e?
- Over 4 years (2021 to 2025), Phillips 66's midstream segment — gross pp&e has grown at a 23.3% compound annual growth rate (CAGR), from $49.43B to $114.12B.
- What does midstream segment — gross pp&e mean?
- The total original cost of all physical assets owned by the midstream business segment.