| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 51.0K | 56.7% | 53.1% |
| Total Income | 51.0K | 56.7% | 53.1% |
| Expenditure | 46.1K | 42.6% | 42.9% |
| PBT | — | ||
| Net Profit | 3.8K | 1758.5% | 338.6% |
| OPM | — | ||
| NPM | 7.54% | 6.91pp | 4.91pp |
| EPS | 9.59 | 1780.4% | 346.1% |
Phillips 66 Announces Q2 2026 Earnings of $3.8 Billion
05 Aug 2026 · 5 Aug, 7:41 pm
Summary
Phillips 66 announced strong second-quarter results, with earnings of $3.8 billion and adjusted earnings of $3.8 billion. The company significantly reduced its total debt by $6.6 billion to $20.6 billion. Key operational highlights include record NGL fractionation and LPG export volumes, alongside strong refining utilization. Management expressed commitment to strategic priorities, operating excellence, and disciplined capital allocation, emphasizing value creation for stakeholders through investments, dividends, share repurchases, and debt reduction.
Key Highlights
- 1
Phillips 66 reported second-quarter earnings of $3.8 billion or $9.55 per share, with adjusted earnings also at $3.8 billion or $9.41 per share.
- 2
The company decreased total debt by $6.6 billion to $20.6 billion, reducing net debt to $16.5 billion.
- 3
Phillips 66 achieved record NGL fractionation volumes and LPG export volumes.
- 4
Refining utilization was strong at 96%, with a clean product yield of 86%.
- 5
The company earned industry recognition for its 2025 exemplary safety performance across Midstream, Refining, and Chemicals segments.
- 6
Phillips 66 announced the construction of the 300 MMCFD Zeus Gas Plant and a 100 MBD Coastal Bend NGL Fractionator.
Management Comments
Mark Lashier
Second quarter results reflect the strength of our operations and value of our integrated portfolio. We remain committed to our strategic priorities and continuous improvement. Our focus on operating excellence, coupled with our commercial footprint, enables us to reliably supply energy products across the United States and to global consumers. Our capital allocation framework is an integral component of the investment opportunity of Phillips 66. We remain committed to creating value for our stakeholders through disciplined capital investment, dividends, share repurchases and debt reduction.
Informational and educational content only. Not investment advice.