
Refining margins surged to $24.08 per barrel as debt fell $6.6 billion.
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Refining margins surged to $24.08 per barrel as debt fell $6.6 billion.
Phillips 66 (NYSE:PSX) reported second-quarter 2026 adjusted earnings of $3.8 billion, or $9.41 per share, as higher refining margins, midstream volumes, marketing margins and renewable fuel credits lifted results. Reported earnings were also $3.8 billion, or $9.55 per share. Chief Financial Office
While the top- and bottom-line numbers for Phillips 66 (PSX) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Phillips 66 (PSX) posts $3.8 billion in adjusted earnings, driven by robust refining margins and operational excellence, while advancing debt reduction and shareholder returns.
Phillips 66 says tight product supply, stronger refining execution, debt reduction and Midstream growth can sustain profitability.
Moby summary of Phillips 66's Q2 2026 earnings call
Phillips 66 (PSX) delivered earnings and revenue surprises of +22.53% and +43.88%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
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Phillips 66 is expected to release its fiscal Q2 earnings next month, and analysts project significant EPS growth.
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