What is Phillips 66's change in AP?

Phillips 66 (PSX) reported change in AP of $3.02B in Q1 2026.

How has Phillips 66's change in AP changed year-over-year?

Phillips 66's change in AP increased by 687.2% year-over-year, from $384M to $3.02B.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Phillips 66 PSX Change in AP

Change in AP at other companies

Travel + LeisureTNL

-$98M-40.0%

Warrior Met CoalHCC

$3.29M-78.7%

Main Street CapitalMAIN

-$19.88M+12.1%

Cabot CorporationCBT

-$61M-27.1%

HES

Hess MidstreamHESM

$5.4M+117%

MYR GroupMYRG

$15.72M+301%

Other financials

Income statement

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Revenue$32.5B+6.9%

Gross profit$3.3B+20.0%

Net income$207.0M-57.5%

EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%

Total debt$21.7B+0.7%

Total equity$28.5B+4.6%

Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$67.78B+44.5%

P/E16.4×-10.9×

P/S0.5×+0.1×

Profitability

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Gross margin12.5%+3.4pp

Net margin3.1%+1.7pp

Returns & leverage

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Return on equity14.8%+8.3pp

Debt / equity0.7×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phillips 66's change in AP?: Phillips 66 (PSX) reported change in AP of $3.02B in Q1 2026.
How has Phillips 66's change in AP changed year-over-year?: Phillips 66's change in AP increased by 687.2% year-over-year, from $384M to $3.02B.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.