Phillips 66 Q3 GAAP EPS $11.16, adjusted $6.46; DCP Midstream consolidation gain boosts results

Phillips 66

2022-Q3 EPS reported $19.31 revenue$129,711,000,000

GAAP net income $5.4B ($11.16/share); adjusted earnings $3.1B ($6.46/share).
Refining adjusted pre-tax $2.83B, down from $3.13B in Q2; realized margins $26.58/bbl vs $28.31.
Midstream pre-tax income $3.65B includes $3.0B net gain from DCP Midstream consolidation; adjusted $645M.
Operating cash flow $3.1B; returned $1.2B to shareholders ($466M dividends, $694M buybacks).
Completed Sweeny Frac 4 (150k bpd); offered to acquire public units of DCP Midstream.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Phillips 66 reported the quarter ended September 30, 2022 results: net income $5.4 billion, EPS $11.16 per share.

Period: the quarter ended September 30, 2022
Net income: $5.4 billion
EPS: $11.16 per share
Result: reported results

Exact text from the filing

On November 1, 2022, Phillips 66 issued a press release announcing the company's financial and operating results for the quarter ended September 30, 2022.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Phillips 66 filing history →

Source: SEC EDGAR

accession 0001534701-22-000176

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