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Phillips 66 PSX Q3 2025 earnings

Reported October 29, 2025 · Before market open

Revenue$35.0BBeat by $1.4BDiluted EPS$2.52Beat by $0.38
Revenue estimate$33.5B
EPS estimate$2.14

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$43.5B
EPS estimate$6.99

Financials

Q3 2025

Income statement

See full
Revenue$34.5B-2.9%
Gross profit$4.3B+28.9%
Net income$133.0M-61.6%
EPS (diluted)$0.32-61.0%

Balance sheet

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Cash & equivalents$1.8B+12.7%
Total equity$26.9B-6.3%
Total assets$76.1B+1.4%

Cash flow

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Operating cash flow$1.2B+4.1%

Valuation & ratios

Valuation

as of 09/29/25
See full
Market cap$54.97B-1.1%
P/E36.5×+20.0×
P/S0.4×0.0×

Profitability

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Gross margin10.8%+0.9pp
Net margin1.1%-1.1pp

Returns & leverage

See full
Return on equity5.4%-5.9pp
Current ratio1.2×0.0×

Segments

By segment

See full
Refining$19.3B-7.9%
Midstream$5.1B+14.5%
Renewable Fuels$1.6B+19.9%
Chemicals-—

By product

See full
Refined petroleum products and renewable fuels$25.5B-0.4%
Crude oil resales$4.2B-26.7%
Natural gas liquids and natural gas$4.1B+17.5%
Services and other$676.0M+5.5%

Versus estimates

Revenue

Q1 2026$33.0BMiss by $2.9BQ4 2025$36.3BBeat by $2.5B
Q3 2025$35.0BBeat by $1.4B
Q2 2025$33.3BBeat by $41.9MQ1 2025$30.4BMiss by $1.3BQ4 2024$33.7BMiss by $639.7M

Diluted EPS

Q1 2026$0.49Beat by $1.03Q4 2025$2.47Beat by $0.32
Q3 2025$2.52Beat by $0.38
Q2 2025$2.38Beat by $0.66Q1 2025-$0.90Miss by $0.18Q4 2024-$0.15Miss by $1.38

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Questions, answered.

When did Phillips 66 report Q3 2025 earnings?
Phillips 66 (PSX) reported Q3 2025 earnings on October 29, 2025 before market open.
What were Phillips 66's Q3 2025 revenue and EPS?
Phillips 66 reported revenue of $35.0B and diluted EPS of $2.52 for Q3 2025.
Did Phillips 66 beat estimates in Q3 2025?
Revenue beat the consensus estimate of $33.5B by $1.4B. EPS beat the consensus estimate of $2.14 by $0.38.
How did Phillips 66's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.5% from $35.5B a year earlier and diluted EPS grew 23.5% from $2.04.
Where can I find Phillips 66's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001534701-25-000155) directly on SEC EDGAR. The filing index links above go to sec.gov.