Short answer
Phillips 66 (PSX) filed an 8-K current report with the SEC on April 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Phillips 66 reported financial and operating results for quarter ended March 31, 2026.
Phillips 66 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Phillips 66 reported financial and operating results for quarter ended March 31, 2026
- Press release furnished as Exhibit 99.1, with additional quarterly information in Exhibit 99.2
- Investor focus: quarterly performance details require review of Exhibits 99.1 and 99.2
- Disclosure furnished under Regulation FD, not filed under Exchange Act liability provisions
Item EX-99.1 · Exhibit EX-99.1
- Q1 earnings $207M, or $0.51 diluted EPS; adjusted earnings $200M, or $0.49 EPS
- Earnings sharply below Q4’s $2.9B as refining margins fell to $10.11/barrel and hedging mark-to-market losses reached $839M
- Refining operated at 95% utilization with 87% clean-product yield despite turnaround activity
- Dividend increased 7%, supporting shareholder returns alongside $269M of share repurchases
- Liquidity approximately $6.0B, but debt rose to $27.1B and net debt-to-capital increased to 43%
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