v3.26.1
DCP Midstream Class A Segment
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
DCP Midstream Class A Segment DCP Midstream Class A Segment
DCP Midstream Class A Segment is comprised of the businesses, activities, assets and liabilities of DCP LP, its subsidiaries and its general partner entities. DCP LP is a master limited partnership whose operations include producing and fractionating NGL; gathering, compressing, treating and processing natural gas; recovering condensate; and transporting, trading, marketing and storing natural gas and NGL. DCP Midstream Class A Segment is a consolidated VIE as we are the primary beneficiary.

The most significant assets of DCP Midstream Class A Segment that are available to settle only its obligations, along with its most significant liabilities for which its creditors do not have recourse to Phillips 66’s general credit, were:

Millions of Dollars
March 31
2026
December 31
2025
Accounts receivable$390 530 
Investments and long-term receivables696 705 
Net properties, plants and equipment9,363 9,211 
Accounts payable697 785 
Long-term debt2,904 2,903