Business Segments · D&A
Refining — D&A
Phillips 66 Refining — D&A decreased by 54.9% to $215.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 52.9%, from $456.00M to $215.00M. Over 3 years (FY 2022 to FY 2025), Refining — D&A shows an upward trend with a 28.4% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2021
Last reportedQ1 2026
Rolls up toD&A
How to read this metric
Rising depreciation often follows major capital projects or capacity expansions, while stable levels indicate consistent asset utilization and maintenance cycles.
Detailed definition
This represents the systematic allocation of the cost of tangible and intangible refining assets over their useful lives...
Peer comparison
Standard non-cash expense reported by all capital-intensive refining and midstream companies.
Metric ID:
psx_segment_refining_depreciation_and_amortizationHistorical Data
18 periods
| 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 | $85.00M | $215.00M | $215.00M | $215.00M | $215.00M | $207.75M | $207.75M | $207.75M | $207.75M | $208.00M | $204.00M | $230.00M | $435.00M | $456.00M | $443.00M | $444.00M | $477.00M | $215.00M |
| QoQ Change | — | +152.9% | +0.0% | +0.0% | +0.0% | -3.4% | +0.0% | +0.0% | +0.0% | +0.1% | -1.9% | +12.7% | +89.1% | +4.8% | -2.9% | +0.2% | +7.4% | -54.9% |
| YoY Change | — | — | — | — | +152.9% | -3.4% | -3.4% | -3.4% | -3.4% | +0.1% | -1.8% | +10.7% | +109.4% | +119.2% | +117.2% | +93.0% | +9.7% | -52.9% |
Range$85.00M – $477.00M
CAGR+24.4%
Avg YoY Growth+38.9%
Median YoY Growth+4.9%
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Frequently Asked Questions
- What is Phillips 66's refining — d&a?
- Phillips 66 (PSX) reported refining — d&a of $215.00M in Q1 2026.
- How has Phillips 66's refining — d&a changed year-over-year?
- Phillips 66's refining — d&a decreased by 52.9% year-over-year, from $456.00M to $215.00M.
- What is the long-term trend for Phillips 66's refining — d&a?
- Over 3 years (2022 to 2025), Phillips 66's refining — d&a has grown at a 28.4% compound annual growth rate (CAGR), from $860.00M to $1.82B.
- What does refining — d&a mean?
- The non-cash expense representing the wear and tear of refining equipment and facilities over time.