PSX · 8-K · 20260805PR000030
NGL and LPG Volume Trends
Phillips 66 · 2026-08-05 · Importance 30 · Surprise 40 · In source text
Phillips 66 achieved record NGL fractionation volumes and LPG export volumes in the second quarter. NGL fractionation increased to 1,020 thousand barrels per day from 980 thousand barrels per day in the first quarter, while NGL pipeline throughput rose to 943 thousand barrels per day from 930 thousand barrels per day. The company attributed higher Midstream volumes partly to the absence of Winter Storm Fern impacts in the prior quarter.
Key facts
- Announced construction of a 100 thousand barrels per day Coastal Bend NGL Fractionator in Corpus Christi source
- Renewable fuels produced in 2Q 2026: 53 MBD (up from 40 MBD in 1Q 2026) source
- NGL pipeline throughput - Y-Grade to Market in 2Q 2026: 943 MBD source
- NGL fractionated in 2Q 2026: 1,020 MBD source
- Achieved record NGL fractionation volumes and LPG export volumes source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | — | Announced construction of a 100 thousand barrels per day Coastal Bend NGL Fractionator in Corpus Christi |
| operating_income | positive | probable | — | Announced construction of a 100 thousand barrels per day Coastal Bend NGL Fractionator in Corpus Christi |