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Oct 29, 2025 12:00 PM

Phillips 66 Q3 Earnings Beat, Record Refining Utilization At 99%

Phillips 66 (NYSE:PSX) shares traded higher premarket on Wednesday after the company delivered a strong third-quarter performance, surpassing Wall Street forecasts.

Earnings Details

The integrated energy company reported adjusted earnings of $2.52 per share, comfortably topping the consensus estimate of $2.17 per share.

GAAP earnings were $133 million, or $0.32 per share, in the quarter.

Earnings include a $241 million pre-tax charge tied to accelerated depreciation at the Los Angeles Refinery.

Also Read: Jim Cramer: This Is The Right Time To Buy This Energy Stock

Quarterly revenue reached $34.98 billion, coming above the consensus of $32.35 billion.

The company generated $1.2 billion in net operating cash flow and $1.9 billion excluding working capital.

Other Key Metrics

Refining utilization climbed ...