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Phillips 66 PSX Property, plant and equipment, net

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Segments

By segment

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Midstream$23.93B+12.1%
Refining$11.93B+18.3%
Renewable Fuels$2B-1.7%
Marketing And Specialties Segment$473M-43.1%
Chemicals$0

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$68.86B+35.5%
P/E16.7×-10.7×
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:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization.

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 property, plant and equipment, net?
Phillips 66 (PSX) reported property, plant and equipment, net of $39.15B in Q1 2026.
How has Phillips 66's property, plant and equipment, net changed year-over-year?
Phillips 66's property, plant and equipment, net increased by 12.0% year-over-year, from $34.97B to $39.15B.
What is the long-term trend for Phillips 66's property, plant and equipment, net?
Over 5 years (2020 to 2025), Phillips 66's property, plant and equipment, net has grown at a 10.5% compound annual growth rate (CAGR), from $23.72B to $39.1B.
What does property, plant and equipment, net mean?
This represents the net book value of long-term tangible assets used in the production, distribution, and administrative functions of the business. It includes manufacturing facilities, machinery, and equipment after accounting for accumulated depreciation. This metric is central to assessing the capital intensity of the company's operations.