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Phillips 66 PSX Midstream — Net properties, plants and equipment

Other segment segments

Refining
$11.93B+18.3%
Renewable Fuels
$2B-1.7%
Marketing And Specialties Segment
$473M-43.1%
Chemicals
$0

Similar metrics at other companies

Marathon Petroleum logo
MPCMidstream — Property, plant and equipment, net
$22.65B+13.9%
Occidental Petroleum logo
OXYMidstream and marketing — Property, Plant and Equipment, Net
$6.25B
BKV logo
BKVMidstream assets
$278.34M+0.6%
MTD
MTDRMidstream — Total Assets
$1.83B+10.1%
Marathon Petroleum logo
MPCMidstream — Gross PP&E
$34.67B+11.9%
Energy Transfer logo
ETMidstream — Total additions to property, plant and equipment
$394M+12.9%

Other financials

Income statement

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Revenue$32.5B+6.9%
Gross profit$3.3B+20.0%
Net income$207.0M-57.5%
EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%
Total debt$21.7B+0.7%
Total equity$28.5B+4.6%
Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$68.86B+35.5%
P/E16.7×-10.7×
P/S0.5×+0.1×

Profitability

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Gross margin12.5%+3.4pp
Net margin3.1%+1.7pp

Returns & leverage

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Return on equity14.8%+8.3pp
Debt / equity0.7×0.0×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization.

The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phillips 66's midstream — net properties, plants and equipment?
Phillips 66 (PSX) reported midstream — net properties, plants and equipment of $23.93B in Q1 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 12.1% year-over-year, from $21.34B to $23.93B.
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.