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Phillips 66 PSX Q4 2024 Annual earnings

Reported January 31, 2025 · Before market open

Revenue estimate$34.3B
EPS estimate$1.23

Next report

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

Financials

Q4 2024

Income statement

See full
Revenue$33.7B-12.0%
Gross profit$2.9B-33.8%
Net income$8.0M-99.4%
EPS (diluted)$0.05-98.3%

Balance sheet

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Cash & equivalents$1.7B-47.7%
Total debt$21.6B+4.4%
Total equity$27.4B-10.4%
Total assets$72.6B-3.9%

Cash flow

See full
Operating cash flow$1.2B-45.3%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$47.05B-19.2%
Enterprise value$66.88B-11.5%
P/E22.2×+13.9×
P/S0.3×-0.1×

Profitability

See full
Gross margin9.2%-3.9pp
Net margin1.5%-3.3pp

Returns & leverage

See full
Return on equity7.3%-16.1pp
Debt / equity0.8×+0.1×
Current ratio1.2×-0.1×

Segments

By segment

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M&S$21.4B
Refining$19.0B-21.1%
Midstream$5.2B+12.2%
Renewable Fuels$1.6B+14.3%
Chemicals-

By product

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Refined petroleum products and renewable fuels$24.2B
Crude oil resales$4.7B-23.7%
Natural gas liquids and natural gas$4.2B+43.1%
Services and other$541.0M-68.4%

By geography

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United States$26.8B
United Kingdom$2.7B
Germany$1.2B

Versus estimates

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Questions, answered.

When did Phillips 66 report Q4 2024 earnings?
Phillips 66 (PSX) reported Q4 2024 earnings on January 31, 2025 before market open.
What were Phillips 66's Q4 2024 revenue and EPS?
Phillips 66 reported revenue of $33.7B and diluted EPS of $-0.15 for Q4 2024.
Did Phillips 66 beat estimates in Q4 2024?
Revenue missed the consensus estimate of $34.3B by $639.7M. EPS missed the consensus estimate of $1.23 by $1.38.
Where can I find Phillips 66's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001534701-25-000074) directly on SEC EDGAR. The filing index links above go to sec.gov.