Phillips 66 Contract with Customer, Liability increased by 6.1% to $210.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.4%, from $203.00M to $210.00M. Over 4 years (FY 2021 to FY 2025), Contract with Customer, Liability shows an upward trend with a 21.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase often signals strong future revenue visibility, while a decrease may indicate the fulfillment of service obligations.
This represents the obligation to transfer services to a customer for which the entity has received consideration or for...
Common in businesses with subscription or recurring service models where upfront payments are standard.
other_contract_with_customer_liability| Q4 '21 | 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 | $90.00M | $237.00M | $156.00M | $203.00M | $221.00M | $228.00M | $187.00M | $162.00M | $162.00M | $183.00M | $232.00M | $203.00M | $208.00M | $215.00M | $198.00M | $210.00M |
| QoQ Change | — | +163.3% | -34.2% | +30.1% | +8.9% | +3.2% | -18.0% | -13.4% | +0.0% | +13.0% | +26.8% | -12.5% | +2.5% | +3.4% | -7.9% | +6.1% |
| YoY Change | — | — | +73.3% | — | — | -3.8% | +19.9% | -20.2% | -26.7% | -19.7% | +24.1% | +25.3% | +28.4% | +17.5% | -14.7% | +3.4% |