Operating Expenses
Accretion Expense
Phillips 66 Accretion Expense 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 shows an upward trend with a 18.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryRisk
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 29, 2026
How to read this metric
An increase is a standard accounting function of long-term liabilities and does not necessarily reflect operational performance.
Detailed definition
Accretion expense represents the periodic increase in the carrying amount of an asset retirement obligation (ARO) due to...
Peer comparison
Standard for companies with significant environmental or decommissioning liabilities.
Metric ID:
cop_accretion_expenseHistorical Data
20 periods
| 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% |
Range$5.00M – $13.00M
CAGR+15.7%
Avg YoY Growth+20.4%
Median YoY Growth+18.3%
Accretion Expense at Other Companies
Frequently Asked Questions
- What is Phillips 66's accretion expense?
- Phillips 66 (PSX) reported accretion expense of $12.00M in Q1 2026.
- How has Phillips 66's accretion expense changed year-over-year?
- Phillips 66's accretion expense 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?
- Over 4 years (2021 to 2025), Phillips 66's accretion expense has grown at a 18.3% compound annual growth rate (CAGR), from $24.00M to $47.00M.
- What does accretion expense mean?
- The non-cash expense representing the growth of future environmental cleanup liabilities over time.