Phillips 66 Beats Q1 Estimates by $0.88 Per Share as Refining Margins Surge [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance
first quarter adjusted earnings of $0.49 per share, easily beating Wall Street's consensus of a loss of $0.39 while net income came in at $207 million thanks to higher refining margins amid the big oil price rally. The giant refiner reported that it has formally increased its Sweeny NGL fractionation capacity by 23% and its Freeport LPG export dock capacity by 15% mainly through debottlenecking projects completed in 2025 to optimize the company's Gulf Coast NGL value chain. "We are confident in our ability to navigate market volatility due to our integrated business and the strength of our balance sheet. Backed by disciplined execution and strong operating performance, we remain well positioned to provide energy to the global market," said Mark Lashier, chairman and CEO of Phillips 66. The Sweeny fractionation increase follows record fractionation volumes achieved throughout 2025. The Sweeny Hub previously operated four fractionators with a combined capacity of 550,000 bpd. Mean
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News
- Phillips 66 (PSX) Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Phillips 66 posts surprise profit on higher refining margins [BNN Bloomberg (Canada)]BNN Bloomberg
- Phillips 66 Q1 2026 earnings beat on higher refining margins [Yahoo! Finance]Yahoo! Finance
- Phillips 66 Reports First-Quarter Results: Expanded Capacity and Continued Strong Operations [Yahoo! Finance]Yahoo! Finance
- Phillips 66 Reports First-Quarter Results: Expanded Capacity and Continued Strong OperationsBusiness Wire
PSX
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- 4/29/26 - Beat
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Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/29/26 - Form 10-Q
- 4/29/26 - Form 8-K
- PSX's page on the SEC website