Skip to content

Phillips 66 PSX Midstream — Cost And Expenses

Other segment segments

Refining
$22.35B+33.8%
M&S
$19.42B
Renewable Fuels
$1.66B-2.9%
Chemicals
$0

Similar metrics at other companies

Marathon Petroleum logo
MPCMidstream — Segment expenses
$1.43B+2.4%
MTD
MTDRMidstream — Other expenses
$67.18M+25.7%
HF Sinclair logo
DINOMidstream — Operating Expenses
$59M+28.3%
MTD
MTDRMidstream — Operating expense
$55.23M+6.6%
Energy Transfer logo
ETMidstream — Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses
$446M+5.9%
Kinetik Holdings logo
KNTKMidstream Logistics — Operating Expenses
$78.3M+12.0%

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

The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about Phillips 66's midstream — cost and expenses.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Phillips 66's midstream — cost and expenses?
Phillips 66 (PSX) reported midstream — cost and expenses of $5.06B in Q1 2026.
How has Phillips 66's midstream — cost and expenses changed year-over-year?
Phillips 66's midstream — cost and expenses increased by 3.4% year-over-year, from $4.9B to $5.06B.
What is the long-term trend for Phillips 66's midstream — cost and expenses?
Over 3 years (2022 to 2025), Phillips 66's midstream — cost and expenses has grown at a 1.8% compound annual growth rate (CAGR), from $17.87B to $18.84B.
What does midstream — cost and expenses mean?
The total operating and non-operating costs incurred by the midstream segment, encompassing direct operating expenses, maintenance, administrative costs, and depreciation. This provides a comprehensive view of the segment's total cost structure.