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Phillips 66 PSX M&S — Other Cost and Expense, Operating

Other segment segments

Refining
$1.23B+14.4%
Midstream
$541M+18.1%
Renewable Fuels
$89M-7.3%
Chemicals
$2M0.0%
Marketing and Specialties
-$250K

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$212K-17.2%
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GATXOther — Operating Costs and Expenses
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HLAll Other Segments — Other Cost And Expense Operating
$13.37M

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$67.61B+33.0%
P/E16.4×-11.0×
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:OtherCostAndExpenseOperating.

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 — other cost and expense, operating?
Phillips 66 (PSX) reported M&S — other cost and expense, operating of $19M in Q1 2026.
How has Phillips 66's M&S — other cost and expense, operating changed year-over-year?
Phillips 66's M&S — other cost and expense, operating increased by 5.6% year-over-year, from $18M to $19M.
What is the long-term trend for Phillips 66's M&S — other cost and expense, operating?
Over 3 years (2022 to 2025), Phillips 66's M&S — other cost and expense, operating has grown at a 13.4% compound annual growth rate (CAGR), from $50M to $73M.
What does M&S — other cost and expense, operating mean?
This captures the operational expenses within the Marketing & Specialties segment excluding raw material costs, such as maintenance, utilities, labor, and logistics. It reflects the efficiency of the segment's day-to-day operations and overhead management. Monitoring this helps assess the segment's ability to control non-commodity related costs.