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Phillips 66 PSX Q1 2026 earnings

Reported April 29, 2026 · Before market open

Revenue$33.0BMiss by $2.9B
EPS$0.49Beat by $1.03
Revenue estimate$35.9B
EPS estimate-$0.54

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$43.5B
EPS estimate$10.99

Financials

Q1 2026

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 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 & ratios

Valuation

as of 03/31/26
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Market cap$73.01B+45.0%
P/E17.7×-9.4×
P/S0.5×+0.2×

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
Current ratio1.1×-0.1×

Segments

By segment

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Refining$22.5B+41.9%
Midstream$5.5B+1.2%
Renewable Fuels$1.5B+2.5%
Chemicals-—

By product

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Refined petroleum products and renewable fuels$24.9B+11.8%
Natural gas liquids and natural gas$4.5B+0.8%
Crude oil resales$4.3B+39.4%
Services and other-$1.2B-310%

FAQ

When did Phillips 66 report Q1 2026 earnings?
Phillips 66 (PSX) reported Q1 2026 earnings on April 29, 2026 before market open.
What were Phillips 66's Q1 2026 revenue and EPS?
Phillips 66 reported revenue of $33.0B and eps of $0.49 for Q1 2026.
Did Phillips 66 beat estimates in Q1 2026?
Revenue missed the consensus estimate of $35.9B by $2.9B. EPS beat the consensus estimate of $-0.54 by $1.03.
How did Phillips 66's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.5% from $30.4B a year earlier.
Where can I find Phillips 66's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001534701-26-000020) and the 10-Q periodic report (0001534701-26-000022) directly on SEC EDGAR. The filing index links above go to sec.gov.