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Phillips 66 PSX Q4 2025 Annual earnings

Reported February 4, 2026 · Before market open

Revenue estimate$33.9B
EPS estimate$2.15

Next report

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

Financials

Q4 2025

Income statement

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Revenue$34.1B+1.3%
Gross profit$5.0B+69.6%
Net income$2.9B+36,225%
EPS (diluted)$7.13+14,160%

Balance sheet

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Cash & equivalents$1.1B-35.8%
Total debt$21.7B+0.7%
Total equity$29.1B+6.1%
Total assets$73.7B+1.5%

Cash flow

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Operating cash flow$2.8B+130%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$51.99B+10.5%
Enterprise value$72.6B+8.6%
P/E11.8×-10.4×
P/S0.4×+0.1×

Profitability

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Gross margin12.3%+3.1pp
Net margin3.3%+1.8pp

Returns & leverage

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Return on equity15.6%+8.3pp
Debt / equity0.7×0.0×
Current ratio1.3×+0.1×

Segments

By segment

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Refining$21.0B+10.8%
Midstream$5.6B+8.1%
Renewable Fuels$1.4B-8.3%
Chemicals-

By product

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Refined petroleum products and renewable fuels$25.4B+4.7%
Natural gas liquids and natural gas$4.4B+5.9%
Crude oil resales$3.7B-22.2%
Services and other$634.0M+17.2%

Versus estimates

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Questions, answered.

When did Phillips 66 report Q4 2025 earnings?
Phillips 66 (PSX) reported Q4 2025 earnings on February 4, 2026 before market open.
What were Phillips 66's Q4 2025 revenue and EPS?
Phillips 66 reported revenue of $36.3B and diluted EPS of $2.47 for Q4 2025.
Did Phillips 66 beat estimates in Q4 2025?
Revenue beat the consensus estimate of $33.9B by $2.5B. EPS beat the consensus estimate of $2.15 by $0.32.
How did Phillips 66's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.9% from $33.7B a year earlier.
Where can I find Phillips 66's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001534701-26-000003) and the 10-K periodic report (0001534701-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.