Phillips 66 PSX Midstream — Investments In and Advances to Affiliates

Other segment segments

Similar metrics at other companies

ETMidstream — Investments in unconsolidated affiliates

$132M+1.5%

MPCMidstream — Equity Method Investments

$5.54B+4.6%

OXYMidstream and marketing — Investments in unconsolidated entities

$2.2B-11.9%

MPCMidstream — Equity method investments, ownership percentage

67%0.0pp

MTD

MTDRMidstream — Total Assets

$1.83B+10.1%

MTD

MTDRMidstream — Capital expenditures attributable to non-controlling interest

$5.2M-83.1%

Questions, answered.

What is Phillips 66's midstream — investments in and advances to affiliates?

Phillips 66 (PSX) reported midstream — investments in and advances to affiliates of $2.1B in Q1 2026.

How has Phillips 66's midstream — investments in and advances to affiliates changed year-over-year?

Phillips 66's midstream — investments in and advances to affiliates decreased by 7.3% year-over-year, from $2.26B to $2.1B.

What does midstream — investments in and advances to affiliates mean?

This metric represents the carrying value of equity method investments and long-term loans provided to joint ventures, partnerships, or non-consolidated entities within the midstream energy segment. It reflects the company's strategic capital exposure to shared infrastructure assets such as pipelines, processing plants, and storage facilities where the company exerts significant influence but does not hold majority control. Monitoring this balance helps investors assess the scale of off-balance-sheet operations and the potential for equity-based earnings contributions.