Phillips 66 Q4 Earnings Call Highlights: Strong Refining, Midstream Growth, and Shareholder Returns Framework
ByAinvest
Thursday, Feb 5, 2026 4:10 am ET1min read
PSX--
Phillips 66 reported Q4 earnings of $2.9 billion, or $7.17 per share, and adjusted earnings of $1.0 billion, or $2.47 per share. The company highlighted strong financial and operating results, driven by higher refining utilization, record clean product yields, and continued momentum in Midstream volumes. Executives outlined cost and growth targets stretching through 2027, including a target of approximately $4.5 billion run-rate Adjusted EBITDA by year-end 2027.
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