PSX Phillips 66

Q3 2025 10-Q
Filed: Oct 29, 2025Period ending Sep 30, 2025
Energy
Petroleum RefiningSEC EDGAR

Phillips 66 (PSX) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 29, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

  • Revenue decreased 3% QoQ and 10% YoY in Q3 2025, impacted by lower crude, NGL and refined product prices despite higher volumes
  • Net income $133M in Q3 2025 vs $346M in Q3 2024; operating margin implied decline due to $948M WRB impairment, offset by higher refining margins (realized refining margin $12.15/bbl vs $8.31/bbl YoY)
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Risk Factors

  • No new or changed risk factors from 2024 10-K in 10-Q filing
  • Continued exposure to market volatility impacting refining margins and commodity prices
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Quarterly Financial Summary
XBRL

Revenue

$34.5B

-2.9% YoY +3.6% QoQ

Net Income

$133M

-61.6% YoY -84.8% QoQ

Net Margin

0.4%

-59bp YoY -225bp QoQ

ROE

0.5%

Total Assets

$76.1B

EPS (Diluted)

$0.34

-59.5% YoY -84.1% QoQ

Operating Cash Flow

$1.2B

+4.1% YoY +39.4% QoQ

Source: XBRL data from Phillips 66 Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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