PSX · News · 20260805N
Revenue Performance and Mix
Phillips 66 · 2026-08-05 · Importance 63 · Surprise 64 · From source text
Phillips 66 reported second-quarter 2026 revenue of approximately $52.04 billion, exceeding the $43.41 billion analyst estimate. Net income increased to $3.847 billion from $877 million in the year-earlier quarter, a 339% YoY increase. Refining, Marketing and Specialties, Midstream, Chemicals, and Renewable Fuels all contributed positively, with record NGL fractionation and LPG export volumes supporting the Midstream segment. Renewable Fuels returned to profitability, while its renewable diesel facility operated above nameplate capacity during the quarter.
Key facts
- Phillips 66 reported net income of $3.847 billion in Q2 2026, up from $877 million in Q2 2025. source
- Phillips 66 reported revenue of US$52.04 billion for Q2 2026. source
- Phillips 66 reported second-quarter 2026 earnings of $3.8 billion, or $9.55 per share. source
- Phillips 66 reported adjusted earnings of $3.8 billion, or $9.41 per share, for Q2 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | — | Phillips 66 reported net income of $3.847 billion in Q2 2026, up from $877 million in Q2 2025. |
| revenue | positive | realized | — | Phillips 66 reported revenue of US$52.04 billion for Q2 2026. |