Business Segments · Cost And Expenses
Midstream — Cost And Expenses
Phillips 66 Midstream — Cost And Expenses increased by 0.5% to $5.06B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.4%, from $4.90B to $5.06B. Over 3 years (FY 2022 to FY 2025), Midstream — Cost And Expenses shows relatively stable performance with a 1.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026
How to read this metric
Rising costs relative to revenue may indicate margin compression, while declining costs suggest improved operational efficiency.
Detailed definition
The total operating and non-operating costs incurred by the midstream segment, encompassing direct operating expenses, m...
Peer comparison
Standard aggregate expense metric for business segments in financial reporting.
Metric ID:
psx_segment_midstream_cost_and_expensesHistorical Data
17 periods
| 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 | $4.47B | $4.47B | $4.47B | $4.47B | $4.14B | $4.14B | $4.14B | $4.14B | $4.45B | $3.99B | $3.94B | $4.65B | $4.90B | $4.42B | $4.48B | $5.04B | $5.06B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -7.3% | +0.0% | +0.0% | +0.0% | +7.3% | -10.3% | -1.3% | +18.0% | +5.4% | -9.7% | +1.4% | +12.4% | +0.5% |
| YoY Change | — | — | — | — | -7.3% | -7.3% | -7.3% | -7.3% | +7.3% | -3.7% | -5.0% | +12.1% | +10.1% | +10.9% | +13.9% | +8.5% | +3.4% |
Range$3.94B – $5.06B
CAGR+3.2%
Avg YoY Growth+2.2%
Median YoY Growth+3.4%
Current Streak3 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- 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 $4.90B 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 sum of all costs and expenses incurred by the midstream business segment.