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Phillips 66 PSX Q2 2026 earnings

Reported August 5, 2026 · Before market open

Revenue$52.0BBeat by $8.4B
EPS$9.41Beat by $1.91
Revenue estimate$43.6B
EPS estimate$7.50

Next report

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

Financials

Q2 2026

Income statement

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Revenue$51.0B+53.1%
Gross profit$7.3B+72.9%
Net income$3.8B+339%
EPS (diluted)$9.55+344%

Balance sheet

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Cash & equivalents$4.1B+290%
Total debt$20.6B—
Total equity$31.5B+14.6%
Total assets$81.8B+7.7%

Cash flow

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Operating cash flow$7.3B+759%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$105.43B+93.3%
Enterprise value$121.9B—
P/E14.9×-21.4×
P/S0.7×+0.3×

Profitability

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Gross margin13.1%+3.1pp
Net margin4.7%+3.4pp

Returns & leverage

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Return on equity24%+18.0pp
Debt / equity0.7×—
Current ratio1.3×+0.2×

Segments

By segment

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Refining$35.9B+92.2%
Midstream$6.3B+24.6%
Renewable Fuels$2.6B+58.7%
Chemicals-—

By product

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Refined petroleum products and renewable fuels$37.0B+52.7%
Crude oil resales$8.3B+99.0%
Natural gas liquids and natural gas$4.7B+14.1%
Services and other$1.1B+26.1%

FAQ

When did Phillips 66 report Q2 2026 earnings?
Phillips 66 (PSX) reported Q2 2026 earnings on August 5, 2026 before market open.
What were Phillips 66's Q2 2026 revenue and EPS?
Phillips 66 reported revenue of $52.0B and eps of $9.41 for Q2 2026.
Did Phillips 66 beat estimates in Q2 2026?
Revenue beat the consensus estimate of $43.6B by $8.4B. EPS beat the consensus estimate of $7.50 by $1.91.
How did Phillips 66's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 56.0% from $33.3B a year earlier and eps grew 295.4% from $2.38.
Where can I find Phillips 66's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001534701-26-000030) and the 10-Q periodic report (0001534701-26-000032) directly on SEC EDGAR. The filing index links above go to sec.gov.