Midstream — Other Cost and Expense, Operating
Phillips 66 Midstream — Other Cost and Expense, Operating decreased by 1.6% to $541.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 18.1%, from $458.00M to $541.00M. Over 3 years (FY 2022 to FY 2025), Midstream — Other Cost and Expense, Operating shows an upward trend with a 13.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Rising operating expenses relative to revenue may indicate declining operational efficiency or increased maintenance requirements for aging infrastructure.
Detailed definition
Operating expenses incurred by the midstream segment, excluding purchased product costs, such as maintenance, labor, ene...
Peer comparison
Standard operating expense metric for benchmarking midstream operational efficiency.
psx_segment_midstream_other_cost_and_expense_operatingHistorical Data
| 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 | $350.25M | $350.25M | $350.25M | $350.25M | $461.00M | $461.00M | $461.00M | $461.00M | $434.00M | $433.00M | $484.00M | $525.00M | $458.00M | $512.00M | $501.00M | $550.00M | $541.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +31.6% | +0.0% | +0.0% | +0.0% | -5.9% | -0.2% | +11.8% | +8.5% | -12.8% | +11.8% | -2.1% | +9.8% | -1.6% |
| YoY Change | — | — | — | — | +31.6% | +31.6% | +31.6% | +31.6% | -5.9% | -6.1% | +5.0% | +13.9% | +5.5% | +18.2% | +3.5% | +4.8% | +18.1% |
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Frequently Asked Questions
- What is Phillips 66's midstream — other cost and expense, operating?
- Phillips 66 (PSX) reported midstream — other cost and expense, operating of $541.00M in Q1 2026.
- How has Phillips 66's midstream — other cost and expense, operating changed year-over-year?
- Phillips 66's midstream — other cost and expense, operating increased by 18.1% year-over-year, from $458.00M to $541.00M.
- What is the long-term trend for Phillips 66's midstream — other cost and expense, operating?
- Over 3 years (2022 to 2025), Phillips 66's midstream — other cost and expense, operating has grown at a 13.0% compound annual growth rate (CAGR), from $1.40B to $2.02B.
- What does midstream — other cost and expense, operating mean?
- The day-to-day operating costs of running midstream infrastructure, excluding product purchases.