What is Phillips 66's midstream — interest and debt expense?

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

What does midstream — interest and debt expense mean?

The cost of financing the midstream segment's capital structure, including interest payments on debt directly attributed to midstream operations or allocated from corporate debt. This reflects the financial leverage utilized to fund infrastructure growth.

Phillips 66 PSX Midstream — Interest and Debt Expense

Other segment segments

Chemicals

$0—

M&S

$0—

Refining

$0—

Renewable Fuels

$0—

Similar metrics at other companies

KNTKMidstream Logistics — Interest Expense

-$48K-71.4%

UGIMidstream & Marketing — Interest Expense, Nonoperating

$15M+25.0%

MPLXInterest and Debt Expense

$291M+27.1%

MPCMidstream — Segment expenses

$1.43B+2.4%

MTD

MTDRMidstream — Other expenses

$67.18M+25.7%

MTD

MTDRMidstream — Operating expense

$55.23M+6.6%

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$68.86B+35.5%

P/E16.7×-10.7×

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 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 midstream — interest and debt expense?: Phillips 66 (PSX) reported midstream — interest and debt expense of $0 in Q1 2026.
What does midstream — interest and debt expense mean?: The cost of financing the midstream segment's capital structure, including interest payments on debt directly attributed to midstream operations or allocated from corporate debt. This reflects the financial leverage utilized to fund infrastructure growth.