Interest and Debt Expense
Phillips 66 Interest and Debt Expense decreased by 3.1% to $286.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 29.4%, from $221.00M to $286.00M. Over 4 years (FY 2021 to FY 2025), Interest and Debt Expense shows an upward trend with a 15.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase in interest expense relative to operating income may signal rising financial risk or higher leverage.
Detailed definition
The total cost of borrowing, including interest payments on long-term debt, short-term loans, and other financial obliga...
Peer comparison
Standard financial metric across all capital-intensive industries.
other_interest_and_debt_expenseHistorical Data
| 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 | $143.00M | $151.00M | $141.00M | $135.00M | $133.00M | $158.00M | $193.00M | $192.00M | $266.00M | $221.00M | $218.00M | $227.00M | $231.00M | $229.00M | $220.00M | $221.00M | $264.00M | $259.00M | $295.00M | $286.00M |
| QoQ Change | — | +5.6% | -6.6% | -4.3% | -1.5% | +18.8% | +22.2% | -0.5% | +38.5% | -16.9% | -1.4% | +4.1% | +1.8% | -0.9% | -3.9% | +0.5% | +19.5% | -1.9% | +13.9% | -3.1% |
| YoY Change | — | — | — | — | -7.0% | +4.6% | +36.9% | +42.2% | +100.0% | +39.9% | +13.0% | +18.2% | -13.2% | +3.6% | +0.9% | -2.6% | +14.3% | +13.1% | +34.1% | +29.4% |
Business Segments
| Segment | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Chemicals | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Corporate and Other | $224.25M | $224.25M | $224.25M | — | — | — | — | — |
| M&S | — | — | — | $0.00 | — | — | — | — |
| Midstream | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Refining | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Renewable Fuels | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $266.00M | $221.00M | $218.00M | $221.00M | $264.00M | $259.00M | $295.00M | $286.00M |
Corporate and Other is derived from annual filings.
Corporate and Other was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Interest and Debt Expense at Other Companies
Frequently Asked Questions
- What is Phillips 66's interest and debt expense?
- Phillips 66 (PSX) reported interest and debt expense of $286.00M in Q1 2026.
- How has Phillips 66's interest and debt expense changed year-over-year?
- Phillips 66's interest and debt expense increased by 29.4% year-over-year, from $221.00M to $286.00M.
- What is the long-term trend for Phillips 66's interest and debt expense?
- Over 4 years (2021 to 2025), Phillips 66's interest and debt expense has grown at a 15.6% compound annual growth rate (CAGR), from $581.00M to $1.04B.
- What does interest and debt expense mean?
- The total cost of interest paid on all company debt.