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Phillips 66 PSX Services and other — Sales and other operating revenues

Other product segments

Refined petroleum products and renewable fuels
$24.88B+11.8%
Natural gas liquids and natural gas
$4.54B+0.8%
Crude oil resales
$4.32B+39.4%

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KGSService, Other — Total revenues
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FANGOther service revenues — Other Operating Income
$13M-13.3%
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KGSOther Services — Total revenues
$38.77M-4.7%
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MUROther — Other operating revenues
$2.5M

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$68.86B+35.5%
P/E16.7×-10.7×
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 services and other — sales and other operating revenues?
Phillips 66 (PSX) reported services and other — sales and other operating revenues of -$1.2B in Q1 2026.
How has Phillips 66's services and other — sales and other operating revenues changed year-over-year?
Phillips 66's services and other — sales and other operating revenues decreased by 309.9% year-over-year, from $573M to -$1.2B.
What is the long-term trend for Phillips 66's services and other — sales and other operating revenues?
Over 4 years (2021 to 2025), Phillips 66's services and other — sales and other operating revenues has grown at a 47.7% compound annual growth rate (CAGR), from $581M to $2.77B.
What does services and other — sales and other operating revenues mean?
This metric represents the revenue generated from ancillary services, secondary product offerings, and miscellaneous operational activities outside of the company's primary refining, midstream, and chemical manufacturing segments. It captures income streams such as terminaling fees, logistics support, and other service-based contracts that support the broader energy value chain. This revenue category provides insight into the diversification of the company's business model beyond core commodity production.