Discontinued — last reported Q4 '25

Operating

D&A

Phillips 66 D&A decreased by 31.8% to $558.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 29.5%, from $791.00M to $558.00M. Over 4 years (FY 2021 to FY 2025), D&A shows an upward trend with a 19.3% CAGR.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2013
Last reportedQ4 2025

How to read this metric

Higher levels typically reflect significant historical capital expenditures or acquisitions that are now being expensed over time.

Detailed definition

This metric represents the non-cash accounting charges used to allocate the cost of tangible assets and intangible asset...

Peer comparison

Capital-intensive hardware manufacturers generally show higher D&A relative to revenue than pure-play software companies.

Metric ID: depreciation_and_amortization_cf

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$364.00M$361.00M$524.00M$338.00M$359.00M$430.00M$502.00M$476.00M$495.00M$488.00M$518.00M$504.00M$497.00M$543.00M$819.00M$791.00M$816.00M$826.00M$818.00M$558.00M
QoQ Change-0.8%+45.2%-35.5%+6.2%+19.8%+16.7%-5.2%+4.0%-1.4%+6.1%-2.7%-1.4%+9.3%+50.8%-3.4%+3.2%+1.2%-1.0%-31.8%
YoY Change-1.4%+19.1%-4.2%+40.8%+37.9%+13.5%+3.2%+5.9%+0.4%+11.3%+58.1%+56.9%+64.2%+52.1%-0.1%-29.5%
Range$338.00M$826.00M
CAGR+9.4%
Avg YoY Growth+20.5%
Median YoY Growth+12.4%
Current Streak2 quarters decline

Business Segments

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Midstream$224.00M$233.00M$234.00M$233.00M$260.00M$278.00M$259.00M$274.00M
Refining$204.00M$230.00M$435.00M$456.00M$443.00M$444.00M$477.00M$215.00M
Renewable Fuels$23.00M$23.00M$25.00M$24.00M$23.00M
Chemicals$0.00$0.00$0.00$0.00$0.00
Total$497.00M$543.00M$819.00M$791.00M$816.00M$826.00M$818.00M$558.00M

Frequently Asked Questions

What is Phillips 66's d&a?
Phillips 66 (PSX) reported d&a of $558.00M in Q1 2026.
How has Phillips 66's d&a changed year-over-year?
Phillips 66's d&a decreased by 29.5% year-over-year, from $791.00M to $558.00M.
What is the long-term trend for Phillips 66's d&a?
Over 4 years (2021 to 2025), Phillips 66's d&a has grown at a 19.3% compound annual growth rate (CAGR), from $1.61B to $3.25B.
What does d&a mean?
The accounting process of spreading the cost of physical and intangible assets over time.