What is Phillips 66's D&A?

Phillips 66 (PSX) reported D&A of $558M 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 $791M to $558M.

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.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Phillips 66 PSX D&A

D&A at other companies

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$32M+6.7%

HES

Hess MidstreamHESM

$58.5M+13.6%

Warrior Met CoalHCC

$52.27M+15.5%

Cabot CorporationCBT

$49M+28.9%

Dave, Inc.DAVE

$1.62M+5.7%

Helen Of TroyHELE

$13.51M-4.8%

Segments

By segment

See full

Midstream$274M+17.6%

Refining$215M-52.9%

Renewable Fuels$23M0.0%

M&S$20M—

Chemicals$0—

Other financials

Income statement

See full

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

See full

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

See full

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

Valuation

See full

Market cap$67.78B+44.5%

P/E16.4×-10.9×

P/S0.5×+0.1×

Profitability

See full

Gross margin12.5%+3.4pp

Net margin3.1%+1.7pp

Returns & leverage

See full

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:DepreciationDepletionAndAmortization.

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 D&A?: Phillips 66 (PSX) reported D&A of $558M 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 $791M to $558M.
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?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.