PSX · 8-K · 20260805PR000030

Revenue Performance and Mix

Phillips 66 · 2026-08-05 · Importance 63 · Surprise 64 · No source text

Phillips 66 reported second-quarter 2026 earnings of $3.847 billion, or $9.55 per diluted share, compared with $207 million, or $0.51 per share, in the first quarter. Adjusted earnings increased to $3.788 billion, or $9.41 per diluted share, from $200 million, or $0.49 per share. Adjusted EBITDA rose to $5.891 billion from $1.230 billion sequentially, while operating cash flow increased to $7.259 billion from negative $2.264 billion. Second-quarter earnings included $69 million of pre-tax special-item adjustments in Marketing and Specialties and a $24 million adjustment in Refining.

Key facts

• Reported earnings comparison: $3,847 million in 2Q 2026 versus $207 million in 1Q 2026 source
• Earnings per share - diluted for 2Q 2026: $9.55 source
• Adjusted earnings per share - diluted for 2Q 2026: $9.41 source
• Reported second-quarter earnings of $3.8 billion or $9.55 per share source
• Adjusted earnings for 2Q 2026: $3.8 billion or $9.41 per share source

Impact estimates