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Phillips 66 PSX Midstream — Impairments
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Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.
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 item | Millions of Dollars / Operating Segments / Midstream | Millions of Dollars / Operating Segments / Chemicals | Millions of Dollars / Operating Segments / Refining | Millions of Dollars / Operating Segments / M&S | Millions of Dollars / Operating Segments / Renewable Fuels | Millions of Dollars / Corporate and Other | Millions of Dollars / Consolidating Adjustments | Millions of Dollars / Total Consolidated |
|---|---|---|---|---|---|---|---|---|
| Operating expenses* | 568 | 1 | 1,144 | 22 | 79 | 27 | (31) | 1,810 |
| Selling, general and administrative expenses* | 54 | (2) | 25 | 332 | 19 | 110 | — | 538 |
| Depreciation and amortization | 284 | — | 221 | 26 | 24 | 30 | — | 585 |
| Impairments | — | — | 1 | — | — | 8 | — | 9 |
| Taxes other than income taxes | 60 | — | 88 | 2 | (41) | 18 | — | 127 |
| Interest and debt expense | — | — | — | — | — | 314 | — | 314 |
| Other segment items** | 3 | — | 18 | (1) | (1) | 7 | — | 26 |
| Total Costs and Expenses | 5,608 | (1) | 32,950 | 31,735 | 2,154 | 514 | (25,887) | 47,073 |
Item 1. FINANCIAL STATEMENTS
FAQ
- What is Phillips 66's midstream — impairments?
- Phillips 66 (PSX) reported midstream — impairments of $0 in Q2 2026.
- What is the long-term trend for Phillips 66's midstream — impairments?
- Over 3 years (2021 to 2025), Phillips 66's midstream — impairments has grown at a -27.7% compound annual growth rate (CAGR), from $209M to $79M.
- What does midstream — impairments mean?
- Charges recognized when the carrying value of midstream assets exceeds their fair market value, indicating a decline in the expected future economic benefit of those assets. This often reflects changes in market conditions, regulatory environments, or asset performance.
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