Business Segments · Impairments
Midstream — Impairments
Phillips 66 Midstream — Impairments decreased by 94.9% to $4.00M in Q1 2026 compared to the prior quarter. Over 2 years (FY 2021 to FY 2025), Midstream — Impairments shows a downward trend with a -38.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals potential asset underperformance, adverse market shifts, or strategic asset abandonment.
Detailed definition
Charges recognized when the carrying value of midstream assets exceeds their fair market value, indicating a decline in...
Peer comparison
Standard accounting adjustment used by peers during market downturns or asset restructuring.
Metric ID:
psx_segment_midstream_impairmentsHistorical Data
15 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $10.00M | $1.00M | $0.00 | $0.00 | $0.00 | $59.00M | $225.00M | $28.00M | $34.00M | $0.00 | $0.00 | $0.00 | $79.00M | $4.00M |
| QoQ Change | — | — | -90.0% | -100.0% | — | — | — | +281.4% | -87.6% | +21.4% | -100.0% | — | — | — | -94.9% |
| YoY Change | — | — | — | -100.0% | — | — | — | — | — | — | -100.0% | -100.0% | -100.0% | +132.4% | — |
Range$0.00 – $225.00M
Avg YoY Growth-53.5%
Median YoY Growth-100.0%
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Frequently Asked Questions
- What is Phillips 66's midstream — impairments?
- Phillips 66 (PSX) reported midstream — impairments of $4.00M in Q1 2026.
- What is the long-term trend for Phillips 66's midstream — impairments?
- Over 2 years (2021 to 2025), Phillips 66's midstream — impairments has grown at a -38.5% compound annual growth rate (CAGR), from $209.00M to $79.00M.
- What does midstream — impairments mean?
- A write-down in the value of midstream assets due to a decline in their expected future profitability.