Quarterly ResultAug 5, 2026, 04:49 PM
Phillips 66 Q2 Net Income $3.85B, EPS $9.55; Revenue $52.04B
AI Summary
Phillips 66 reported a significant increase in Q2 2026 net income attributable to Phillips 66, reaching $3.85 billion, up 339% from $877 million in Q2 2025. Diluted EPS also surged to $9.55, a 344% increase year-over-year. Total revenues and other income rose 55% to $52.04 billion. The company also acquired the Lindsey Oil Refinery assets for $115 million and recognized a $110 million gain from a divestment.
Key Highlights
- Net Income Attributable to Phillips 66 for Q2 2026 was $3.85 billion, up 339% YoY.
- Diluted EPS for Q2 2026 was $9.55, a 344% increase from $2.15 in Q2 2025.
- Total Revenues and Other Income for Q2 2026 increased 55% to $52.04 billion.
- Acquired Lindsey Oil Refinery assets for $115 million in April 2026.
- Recognized a $110 million gain from Germany and Austria Marketing divestment.
- Entered a $2.25 billion term loan, with $1.25 billion outstanding at June 30, 2026.
- Receivables Securitization Facility capacity increased to $1.75 billion.
- Refined petroleum products revenue was $36.98 billion in Q2 2026, up from $24.21 billion.
Price Impact
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