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Phillips 66 PSX Midstream — Selling, General and Administrative Expense

Other segment segments

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-$2M0.0%

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MTDRMidstream — Operating expense
$55.23M+6.6%
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MTDRMidstream — Other expenses
$67.18M+25.7%

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:SellingGeneralAndAdministrativeExpense.

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 — selling, general and administrative expense?
Phillips 66 (PSX) reported midstream — selling, general and administrative expense of $56M in Q1 2026.
How has Phillips 66's midstream — selling, general and administrative expense changed year-over-year?
Phillips 66's midstream — selling, general and administrative expense increased by 5.7% year-over-year, from $53M to $56M.
What is the long-term trend for Phillips 66's midstream — selling, general and administrative expense?
Over 3 years (2022 to 2025), Phillips 66's midstream — selling, general and administrative expense has grown at a -5.2% compound annual growth rate (CAGR), from $255M to $217M.
What does midstream — selling, general and administrative expense mean?
Represents the overhead costs associated with managing and operating the midstream segment, including administrative salaries, office expenses, and corporate support allocations. This metric captures the non-production operating costs required to maintain pipeline and NGL processing infrastructure.