---
schema_version: "secwatch.filing_event.v1"
accession: "0001534701-22-000176"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T18:09:29.797885+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001534701-22-000176
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534701/000153470122000176/0001534701-22-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000153470122000176/psx-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534701-22-000176
- JSON: https://secwatch.observer/filing/0001534701-22-000176.json
- Plain text: https://secwatch.observer/filing/0001534701-22-000176.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534701/000153470122000176/0001534701-22-000176-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.