---
schema_version: "secwatch.filing_event.v1"
accession: "0001534701-24-000163"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:11:02.399458+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Phillips 66 Q3 reported EPS $0.82, adjusted $2.04; earnings fall from Q2

## Summary
- 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.

## SEC filing metadata
- accession: 0001534701-24-000163
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534701/000153470124000163/0001534701-24-000163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000153470124000163/psx-20241029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534701-24-000163
- JSON: https://secwatch.observer/filing/0001534701-24-000163.json
- Plain text: https://secwatch.observer/filing/0001534701-24-000163.txt

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