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Phillips 66 (PSX) (PSX)
:PSX
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Phillips 66 (PSX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jan 29, 2026
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
2.06
Last Year’s EPS
-0.15
Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Oct 29, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call highlighted strong operational performance with record utilization and strategic acquisitions enhancing future growth prospects. However, environmental costs and challenges in midstream and renewable fuels tempered the overall outlook.
Company Guidance
During the third quarter of 2025, Phillips 66 reported strong financial and operational performance, with adjusted earnings reaching $1 billion or $2.52 per share, despite challenges such as a $241 million pretax impact from accelerated depreciation and approximately $100 million in charges related to the Los Angeles refinery idling. The company achieved a refining utilization rate of 99%, the highest since 2018, and a clean product yield record of 87%. Chemicals operations reported adjusted EBITDA of $700 million year-to-date, benefiting from a 100% utilization rate and a unique feedstock advantage. Midstream operations achieved record NGL throughput and fractionation volume following the full operation of the Dos Pico's two gas plant and completion of the Coastal Bend pipeline expansion. The acquisition of the remaining 50% interest in the Wood River and Borger refineries is expected to enhance operational synergies and unlock new growth opportunities, such as the proposed Western Gateway pipeline project aimed at improving supply reliability to Arizona, California, and Nevada. Looking forward, Phillips 66 anticipates sustaining a capital-efficient growth trajectory, with a focus on debt reduction and shareholder value creation, targeting an adjusted controllable cost per barrel of approximately $5.50 by 2027.
Record Utilization in Refining
Achieved 99% utilization, the highest quarter since 2018, and above industry average, with a year-to-date clean product yield of 87%.
Strong Financial Performance
Adjusted earnings were $1 billion or $2.52 per share, with $1.2 billion of operating cash flow generated during the quarter.
Midstream and Chemicals Growth
Chemicals generated solid returns despite a challenging market, operating above 100% utilization. Dos Pico's two gas plant became fully operational, contributing to record NGL throughput and fractionation volume.
Successful Asset Acquisitions
Acquired the remaining 50% interest in the Wood River and Borger refineries, simplifying the portfolio and enhancing ability to capture synergies across the value chain.
Western Gateway Pipeline Project
Announced open season for a new refined products pipeline to supply Arizona, California, and Nevada, enhancing integration and market access.

Phillips 66 (PSX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

PSX Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jan 29, 2026
2025 (Q4)
2.06 / -
-0.15
Oct 29, 2025
2025 (Q3)
2.14 / 2.52
2.0423.53% (+0.48)
Jul 25, 2025
2025 (Q2)
1.72 / 2.38
2.313.03% (+0.07)
Apr 25, 2025
2025 (Q1)
-0.72 / -0.90
1.9-147.37% (-2.80)
Jan 31, 2025
2024 (Q4)
-0.05 / -0.15
3.09-104.85% (-3.24)
Oct 29, 2024
2024 (Q3)
1.65 / 2.04
4.63-55.94% (-2.59)
Jul 30, 2024
2024 (Q2)
1.98 / 2.31
3.87-40.31% (-1.56)
Apr 26, 2024
2024 (Q1)
2.20 / 1.90
4.21-54.87% (-2.31)
Jan 31, 2024
2023 (Q4)
2.35 / 3.09
4-22.75% (-0.91)
Oct 27, 2023
2023 (Q3)
4.82 / 4.63
6.46-28.33% (-1.83)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

PSX Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 25, 2025
$123.10$123.75+0.53%
Apr 25, 2025
$102.68$101.97-0.69%
Jan 31, 2025
$117.46$114.57-2.46%
Oct 29, 2024
$124.18$118.77-4.36%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Phillips 66 (PSX) (PSX) report earnings?
Phillips 66 (PSX) (PSX) is schdueled to report earning on Jan 29, 2026, Before Open (Confirmed).
    What is Phillips 66 (PSX) (PSX) earnings time?
    Phillips 66 (PSX) (PSX) earnings time is at Jan 29, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is PSX EPS forecast?
          PSX EPS forecast for the fiscal quarter 2025 (Q4) is 2.06.

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