Phillips 66 Q2 2023 adj. EPS $3.87; Refining down; completes $3.8B DCP deal

Phillips 66

2023-Q2 EPS reported $7.92 revenue$69,486,000,000

Q2 reported earnings $1.7B ($3.72/diluted share); adjusted earnings $1.8B ($3.87/share), down from Q1 adjusted $2.0B.
Refining pre-tax income fell to $1,134M from $1,608M QoQ; realized margin dropped to $15.32/bbl from $20.72.
Completed $3.8B acquisition of DCP Midstream LP public units on June 15; expects $1B annual EBITDA and >$400M synergies by 2025.
Marketing & Specialties pre-tax income rose to $644M from $426M QoQ on higher global marketing margins.
Returned $1.8B to shareholders ($1.3B buybacks, $474M dividends); $5.4B returned since July 2022 toward $10-12B target.

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 0.9

Phillips 66 reported second-quarter 2023 results: net income $1.7 billion, EPS $3.72 per share.

Period: second-quarter 2023
Net income: $1.7 billion
EPS: $3.72 per share
Result: reported results

Exact text from the filing

Phillips 66 Reports Second-Quarter 2023 Financial Results • Reported second-quarter earnings of $1.7 billion or $3.72 per share

View on SEC.gov

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

Phillips 66 filing history →

Source: SEC EDGAR

accession 0001534701-23-000115

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.