You came from your AI assistant. Add Equibles to it and ask about this data directly, free.
Phillips 66 reported adjusted earnings of $5.6 billion or $14.08 per share, operating cash flow of $7.3 billion, and $2.8 billion returned to shareholders. Phillips 66 committed to returning greater than 50% of net operating cash flow, excluding working capital.
Phillips 66 reported third quarter of 2026 earnings of $5.6 billion, driven by higher realized refining margins, and declared a $1.33 quarterly dividend. It also made a final investment decision for the proposed Western Gateway Pipeline, in which it owns 49.9%.
Phillips 66 reported third-quarter earnings and adjusted earnings of $5.6 billion or $14.08 per share. It returned $2.8 billion to shareholders and decreased total debt by $2.0 billion to $18.5 billion.
Phillips 66 Executive Vice President, Refining Richard G. Harbison intends to retire effective December 31, 2026.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Phillips 66 delivered $5.6 billion of third-quarter earnings and $6.2 billion of operating cash flow excluding working capital, supported by stronger refining margins, while returning $2.8 billion to shareholders, reducing debt and advancing growth projects including Western Gateway. Non-refining earnings declined, fourth-quarter turnaround expense and chemicals utilization indicate pressure, and demand weakness, collateral and tax timing, Middle East operating constraints and elevated Western Gateway spending remain risks.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $5.89B | 2Q 2026 | — |
| Adjusted Net Income (Loss) Attributable to Phillips 66 non-GAAP | $3.99B | YTD | — |
| Adjusted Net Income (Loss) Attributable to Phillips 66 Per Share of Common Stock (Diluted) non-GAAP | $9.88 | YTD | — |
| Adjusted total processed inputs non-GAAP | 87.99M | Three Months Ended June 30, 2026 filing | — |
| Adjusted weighted-average diluted common shares outstanding non-GAAP | 402.62M | 2Q | — |
| Capacity utilization (percent) - Atlantic Basin/Europe | 92% | Three Months Ended June 30 filing | — |
| Capacity utilization (percent) - Central Corridor | 101% | Three Months Ended June 30 filing | — |
| Capacity utilization (percent) - Gulf Coast | 96% | Three Months Ended June 30 filing | — |
| Capacity utilization (percent) - West Coast | 84% | Three Months Ended June 30 filing | — |
| Capacity utilization (percent) - Worldwide | 96% | Three Months Ended June 30 filing | — |
| Cash Flow from Operations, Excluding Working Capital non-GAAP | $4.32B | 2Q 2026 | — |
| Chemicals Adjusted EBITDA non-GAAP | $528M | 2Q | — |
| Chemicals Global O&P Capacity Utilization | 91% | 2Q 2026 | — |
| CPChem Externally Marketed Sales Volumes | £5.01B | the three months ended June 30, 2026 filing | — |
| Debt-to-Capital Ratio | 39% | 2Q 2026 | — |
| Global Olefins and Polyolefins Capacity Utilization | 91% | the second quarter of 2026 filing | — |
| Income (loss) before income taxes per barrel | -$1.7 | Three Months Ended June 30, 2026 filing | — |
| Income before income taxes per barrel | $16.39 | 2Q | — |
| Marketing and Specialties Adjusted EBITDA non-GAAP | $580M | 2Q | — |
| Midstream Adjusted EBITDA non-GAAP | $1.05B | 2Q | — |
| Net Debt non-GAAP | $16.47B | 2Q 2026 | — |
| Net Debt-to-Capital Ratio non-GAAP | 33% | 2Q 2026 | — |
| NGL Adjusted EBITDA non-GAAP | $730M | 2nd Qtr 2026 | — |
| NGL Fractionated (MBD) | 1,020 | 2Q 2026 | — |
| NGL Pipeline Throughput - Y-Grade to Market (MBD) | 943 | 2Q 2026 | — |
| NGL Pipeline Throughput–Y-Grade to Market | 943 | 2nd Qtr 2026 | — |
| NGL Production | 465 | 2nd Qtr 2026 | — |
| Phillips 66 Adjusted EBITDA non-GAAP | $5.89B | 2Q | — |
| Phillips 66 EBITDA non-GAAP | $6.86B | YTD | — |
| Phillips 66 EBITDA, Adjusted for Special Items and Change in Fair Value of NOVONIX Investment non-GAAP | $6.82B | YTD | — |
| Pipelines | 3,142 | 2nd Qtr 2026 | — |
| Realized Margin non-GAAP | $24.08 | 2Q 2026 | — |
| Realized marketing fuel margins non-GAAP | $350M | Three Months Ended June 30, 2026 filing | — |
| Realized marketing fuel margins per barrel non-GAAP | $1.82 | Three Months Ended June 30, 2026 filing | — |
| Realized refining margins non-GAAP | $4.5B | 2Q | — |
| Realized refining margins ($/BBL) (Atlantic Basin/Europe) non-GAAP | $14.44 | 2nd Qtr | — |
| Realized refining margins ($/BBL) (Central Corridor) non-GAAP | $29.56 | 2nd Qtr | — |
| Realized refining margins ($/BBL) (Gulf Coast) non-GAAP | $24.25 | 2nd Qtr | — |
| Realized refining margins ($/BBL) (West Coast) non-GAAP | $29.65 | 2nd Qtr | — |
| Realized refining margins ($/BBL) (Worldwide) non-GAAP | $24.08 | 2nd Qtr | — |
| Realized refining margins (dollars per barrel) non-GAAP | $24.08 | Three Months Ended June 30, 2026 filing | — |
| Realized Refining Margins - Atlantic Basin/Europe non-GAAP | $14.44 | Three Months Ended June 30 filing | — |
| Realized Refining Margins - Central Corridor non-GAAP | $29.56 | Three Months Ended June 30 filing | — |
| Realized Refining Margins - Gulf Coast non-GAAP | $24.25 | Three Months Ended June 30 filing | — |
| Realized Refining Margins - West Coast non-GAAP | $29.65 | Three Months Ended June 30 filing | — |
| Realized Refining Margins - Worldwide non-GAAP | $24.08 | Three Months Ended June 30 filing | — |
| Realized refining margins per barrel non-GAAP | $24.08 | 2Q | — |
| Refining Adjusted Controllable Costs non-GAAP | $1.16B | 2nd Qtr | — |
| Refining Adjusted Controllable Costs ($/BBL) non-GAAP | $6.23 | 2nd Qtr | — |
| Refining Adjusted Controllable Costs, Excluding Adjusted Turnaround Expense non-GAAP | $5.57 | 2nd Qtr 2026 | — |
| Refining Clean Product Yield | 86% | 2Q 2026 | — |
| Refining Controllable Costs non-GAAP | $6.26 | 2nd Qtr 2026 | — |
| Refining Crude Capacity Utilization | 96% | 2Q 2026 | — |
| Refining Turnaround Expense | $123M | 2Q 2026 | — |
| Renewable Fuels Produced | 53 | 2Q 2026 | — |
| Terminals | 3,433 | 2nd Qtr 2026 | — |
| Total fuel sales volumes | 192.41M | Three Months Ended June 30, 2026 filing | — |
| Total processed inputs | 186.86M | 2Q | — |
| Total Renewable Fuel Sales | 59 | YTD | — |
| Transportation Adjusted EBITDA non-GAAP | $316M | 2nd Qtr 2026 | — |
| Wellhead Volume | 4.5 | 2nd Qtr 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PSX
this stock
Phillips 66
|
$99.19B | +101.2% | -7.5% | 8.1 | 1.7% |
|
MPC
Marathon Petroleum Corp
|
$106.92B | +141.5% | +25.8% | 7.7 | 2.6% |
|
VLO
Valero Energy Corp
|
$101.89B | +124.4% | -5.5% | 8.2 | 2.9% |
|
DINO
HF Sinclair Corp
|
$17.92B | +126.9% | +64.4% | 5.3 | 4.1% |
|
SUN
Sunoco LP
|
$13.44B | +23.4% | +11.1% | — | 0.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
Phillips 66 reported third-quarter earnings and adjusted earnings of $5.6 billion or $14.08 per share. It returned $2.8 billion to shareholders and decreased total debt by $2.0 billion to $18.5 billion.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PSX | -5.2% | -4.4% | +51.4% | -8.2% | +101.2% |
| SPY | -0.7% | -1.3% | +2.5% | +1.5% | +12.5% |
| vs SPY | -4.5% | -3.1% | +48.9% | -9.7% | +88.8% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
