Phillips 66 Q1 2026 earnings beat on higher refining margins [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance
Adjusted earnings came in at $200 million, or $0.49 per share. Wall Street had expected a loss of $0.40 per share on an adjusted basis, per Reuters , which cited LSEG data. The refining segment was the primary driver of the beat. Adjusted pre-tax income from refining reached $208 million in the quarter, compared with a loss of $937 million in the first quarter of 2025. On a per-barrel basis, the company's realized margin improved to $10.11 from $6.81 in the year-ago period, while crude capacity utilization climbed to 95% from 80% over the same stretch. Results were partly offset by the $839 million mark-to-market charge stemmed from short derivative positions the company holds as economic hedges against exposure on certain physical inventory. Because the associated physical inventory is carried under last-in, first-out accounting, the increase in its market value was not reflected in reported results. The losses were spread across the refining, marketing and specialties, and ren
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News
- Phillips 66 posts surprise profit on higher refining margins [BNN Bloomberg (Canada)]BNN Bloomberg
- 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
- Phillips 66 (PSX) was upgraded by Zacks Research from "hold" to "strong-buy".MarketBeat
- Answering all your N.J. gas and oil questions as Iran war rolls on: expert analysis [Yahoo! Finance]Yahoo! Finance
PSX
Earnings
- 4/29/26 - Beat
PSX
Sec Filings
- 4/6/26 - Form 8-K
- 4/3/26 - Form 4
- 4/3/26 - Form SCHEDULE
- PSX's page on the SEC website