Short answer
Phillips 66 (PSX) filed its Q1 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $32.5B (up 6.9% year over year) with net income of $207M.
Q1 2026 key financials · XBRL
- Revenue
- $32.5B
- +6.9% YoY
- Net income
- $207M
- −57.5% YoY
- EPS (diluted)
- $0.51
- −56.8% YoY
Source: XBRL data from the Phillips 66 (PSX) Q1 2026 10-Q on SEC EDGAR. USD.
Phillips 66 Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Sales and operating revenues up 7% YoY; dollar revenue not provided
- Net income attributable to Phillips 66 $207M vs $487M YoY
- Best segment Refining income $208M vs $(937)M; realized margin 10.11 vs $6.81 per barrel
- Worst segment M&S loss $(161)M vs $1.282B income; U.S. margin $(0.47) vs $1.36 per barrel
- Cash $5.2B; operating cash use $2.3B, capex and investments $582M, dividends $509M, buybacks $269M
- Outlook: Middle East disruptions pushed crude above $100 per barrel; continued disruptions could materially impact future results
Risk Factors
- No Risk Factors section provided in the filing excerpt
- Newly disclosed $2 billion term loan credit agreement dated March 18, 2026
- Receivables financing agreement amended March 13, 2026
- Share repurchases totaled $1.734 billion during January–March 2026
- Executive Rule 10b5-1 plan permits sales of up to 9,003 shares through June 17, 2027
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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