earnings
confidence high
sentiment negative
materiality 0.75
Phillips 66 Q3 reported EPS $0.82, adjusted $2.04; earnings fall from Q2
Phillips 66
2024-Q3 EPS reported
$4.94
revenue$109,468,000,000
- Reported Q3 earnings $346M ($0.82 diluted) vs Q2 $1,015M ($2.38); adjusted earnings $859M ($2.04) vs $984M ($2.31).
- Returned $1.3B to shareholders ($800M buybacks, $477M dividends); cash from ops $1,132M.
- Achieved $1.4B run-rate cost savings target, including $1/barrel Refining cost reduction; asset dispositions $2.7B toward $3B target.
- Adjusted EBITDA $1,998M vs Q2 $2,183M; capex $358M.
- Debt-to-capital ratio 40%, net debt-to-capital 38% (vs 36% Q2); debt $19.998B.