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Phillips 66 PSX Midstream — Net properties, plants and equipment

Other segment segments

Refining
$11.94B+20.7%
Renewable Fuels
$1.98B-1.9%
Marketing And Specialties Segment
$476M+0.8%
Chemicals
$0

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OXYMidstream and marketing — Property Plant and Equipment, Gross
$8.93B
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$14.03M+10.9%
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ENSSpecialty — Property, plant, and equipment, net
$324.58M+37.0%
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COOEurope — Property, plant and equipment, net
$429.1M+6.8%

Other financials

Income statement

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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 us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization.

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 / June 30, 2026 / Gross PP&EMillions of Dollars / June 30, 2026 / Accum.D&AMillions of Dollars / June 30, 2026 / Net PP&EMillions of Dollars / December 31, 2025 / Gross PP&EMillions of Dollars / December 31, 2025 / Accum.D&AMillions of Dollars / December 31, 2025 / Net PP&E
Midstream$30,8516,39124,46029,5585,77123,787
Chemicals
Refining22,88010,94011,94025,95513,68512,270
Marketing and Specialties1,0385624761,014543471
Renewable Fuels3,7921,8131,9793,7721,7622,010
Corporate and Other4,5983,8047941,492933559
$63,15923,51039,64961,79122,69439,097

Item 1. FINANCIAL STATEMENTS

FAQ

What is Phillips 66's midstream — net properties, plants and equipment?
Phillips 66 (PSX) reported midstream — net properties, plants and equipment of $24.46B in Q2 2026.
How has Phillips 66's midstream — net properties, plants and equipment changed year-over-year?
Phillips 66's midstream — net properties, plants and equipment increased by 3.3% year-over-year, from $23.69B to $24.46B.
What is the long-term trend for Phillips 66's midstream — net properties, plants and equipment?
Over 4 years (2021 to 2025), Phillips 66's midstream — net properties, plants and equipment has grown at a 25.5% compound annual growth rate (CAGR), from $37.33B to $92.56B.
What does midstream — net properties, plants and equipment mean?
The book value of the midstream segment's physical assets after subtracting accumulated depreciation and amortization from the gross cost. It represents the current carrying value of the infrastructure used to transport and process energy products.

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