Accretion Expense Including Asset Retirement Obligations
Phillips 66 Accretion Expense Including Asset Retirement Obligations decreased by 7.7% to $12.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $12.00M to $12.00M. Over 4 years (FY 2021 to FY 2025), Accretion Expense Including Asset Retirement Obligations shows an upward trend with a 18.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase reflects the growing present value of future environmental remediation obligations.
Detailed definition
This represents the periodic increase in the carrying amount of a liability for asset retirement obligations due to the...
Peer comparison
Specific to industries with heavy environmental regulatory requirements like waste management, mining, and oil and gas.
operating_accretion_expense_including_asset_retirement_o_a2cce7Historical 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 | $6.00M | $6.00M | $6.00M | $6.00M | $6.00M | $5.00M | $6.00M | $6.00M | $7.00M | $6.00M | $10.00M | $9.00M | $10.00M | $8.00M | $13.00M | $12.00M | $10.00M | $12.00M | $13.00M | $12.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +0.0% | -16.7% | +20.0% | +0.0% | +16.7% | -14.3% | +66.7% | -10.0% | +11.1% | -20.0% | +62.5% | -7.7% | -16.7% | +20.0% | +8.3% | -7.7% |
| YoY Change | — | — | — | — | +0.0% | -16.7% | +0.0% | +0.0% | +16.7% | +20.0% | +66.7% | +50.0% | +42.9% | +33.3% | +30.0% | +33.3% | +0.0% | +50.0% | +0.0% | +0.0% |
Accretion Expense Including Asset Retirement Obligations at Other Companies
Frequently Asked Questions
- What is Phillips 66's accretion expense including asset retirement obligations?
- Phillips 66 (PSX) reported accretion expense including asset retirement obligations of $12.00M in Q1 2026.
- How has Phillips 66's accretion expense including asset retirement obligations changed year-over-year?
- Phillips 66's accretion expense including asset retirement obligations decreased by 0.0% year-over-year, from $12.00M to $12.00M.
- What is the long-term trend for Phillips 66's accretion expense including asset retirement obligations?
- Over 4 years (2021 to 2025), Phillips 66's accretion expense including asset retirement obligations has grown at a 18.3% compound annual growth rate (CAGR), from $24.00M to $47.00M.
- What does accretion expense including asset retirement obligations mean?
- The non-cash cost of interest-like growth in environmental cleanup liabilities.