Phillips 66 Beats Q1 Estimates by $0.88 Per Share as Refining Margins Surge

Phillips 66 surges after unexpected Q1 profit on higher refining margins (PSX:NYSE)

Phillips 66 is one the day's strongest gainers on the S&P 500 after reporting a surprise Q1 profit on higher refining margins that helped offset losses tied to ‌volatile commodity prices.

Phillips 66 posted a surprise profit as refining margins beat expectations

The Houston-based refiner earned $207 million in the first quarter, reversing a loss from a year earlier, as crude utilization hit 95%

Phillips 66: Q1 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Phillips 66 (PSX) on Wednesday reported first-quarter profit of $207 million.

Phillips 66 Beats Q1 Estimates by $0.88 Per Share as Refining Margins Surge

In an earnings season highlighted by a Middle East conflict that has sent oil prices soaring, Texas oil refiner Phillips 66 (NYSE:PSX) has reported first quarter adjusted earnings of $0.49 per share, easily beating Wall Street's consensus of a loss of $0.39 while net income came in at $207 million thanks to higher refining margins amid the big oil price rally. The giant refiner reported that it has formally increased its Sweeny NGL fractionation…

Phillips 66 Stock Jumps as Surprise Profit Shows Refining Margins Are Back in Focus

Phillips 66 reported an adjusted first-quarter profit of $200 million, or 49 cents per share, beating analyst forecasts of a loss. Strong refining margins and 95% plant utilization offset $839 million in hedge-related losses. Shares rose over 6% after the results. The company also completed its acquisition of Lindsey Oil Refinery assets in the UK. The post Phillips 66 Stock Jumps as Surprise Profit Shows Refining Margins Are Back in Focus appear…

Phillips 66 Beats Q1 Estimates by $.88 Per Share as Refining Margins Surge - Energy News Beat

Houston-based integrated energy company Phillips 66 (NYSE: PSX) delivered a solid first-quarter 2026 earnings beat, reporting adjusted earnings of $0.49 per share—surpassing Wall Street consensus estimates of a $0.39 per share loss by $0.88. The company posted net income of $207 million, or $0.51 per diluted share on a reported (GAAP) basis. Strong refining operations, buoyed by higher realized margins amid geopolitical tensions in the Middle Ea…