Midstream Segment — Net properties, plants and equipment
Phillips 66 Midstream Segment — Net properties, plants and equipment increased by 0.6% to $23.93B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.1%, from $21.34B to $23.93B. Over 4 years (FY 2021 to FY 2025), Midstream Segment — Net properties, plants and equipment shows an upward trend with a 25.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Growth in net PP&E typically signals organic growth or acquisition-led expansion of the midstream footprint.
Detailed definition
The book value of the midstream segment's physical assets after subtracting accumulated depreciation and amortization fr...
Peer comparison
Standard metric for evaluating the net asset base of midstream operations across the energy sector.
psx_segment_midstream_net_properties_plants_and_equipmentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.40B | $9.46B | $9.46B | $9.44B | $9.51B | $22.33B | $21.90B | $21.81B | $21.76B | $21.85B | $21.74B | $21.54B | $21.19B | $21.38B | $21.37B | $21.34B | $23.69B | $23.75B | $23.79B | $23.93B |
| QoQ Change | — | +0.6% | +0.0% | -0.2% | +0.7% | +134.9% | -2.0% | -0.4% | -0.2% | +0.4% | -0.5% | -0.9% | -1.6% | +0.9% | -0.0% | -0.1% | +11.0% | +0.3% | +0.2% | +0.6% |
| YoY Change | — | — | — | — | +1.1% | +136.1% | +131.5% | +131.0% | +128.9% | -2.2% | -0.7% | -1.2% | -2.6% | -2.2% | -1.7% | -0.9% | +11.8% | +11.1% | +11.3% | +12.1% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Phillips 66's midstream segment — net properties, plants and equipment?
- Phillips 66 (PSX) reported midstream segment — net properties, plants and equipment of $23.93B in Q1 2026.
- How has Phillips 66's midstream segment — net properties, plants and equipment changed year-over-year?
- Phillips 66's midstream segment — 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 segment — net properties, plants and equipment?
- Over 4 years (2021 to 2025), Phillips 66's midstream segment — net properties, plants and equipment has grown at a 25.2% compound annual growth rate (CAGR), from $37.71B to $92.56B.
- What does midstream segment — net properties, plants and equipment mean?
- The current net book value of the midstream segment's physical infrastructure.