What is Phillips 66's M&S — interest and debt expense?

Phillips 66 (PSX) reported M&S — interest and debt expense of $0 in Q1 2026.

What does M&S — interest and debt expense mean?

This represents the interest costs specifically allocated to the Marketing & Specialties segment's financing activities or debt obligations. It reflects the cost of capital deployed to support the segment's specific assets and operations.

Phillips 66 PSX M&S — Interest and Debt Expense

Other segment segments

Chemicals

$0—

Midstream

$0—

Refining

$0—

Renewable Fuels

$0—

Similar metrics at other companies

MUSAMarketing — Interest Expense

$2M+5.3%

WDCapital Markets — Interest Expense Debt

$3.99M-4.8%

UGIMidstream & Marketing — Interest Expense, Nonoperating

$15M+25.0%

PFGSegment Principal Asset Management — Interest Expense Debt

$400K-20.0%

AEPG&M — Interest Expense

$1M-50.0%

NLYMSR — Interest Expense

$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:InterestAndDebtExpense.

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 M&S — interest and debt expense?: Phillips 66 (PSX) reported M&S — interest and debt expense of $0 in Q1 2026.
What does M&S — interest and debt expense mean?: This represents the interest costs specifically allocated to the Marketing & Specialties segment's financing activities or debt obligations. It reflects the cost of capital deployed to support the segment's specific assets and operations.