earnings
confidence high
sentiment negative
materiality 0.80
Phillips 66 Q4 earnings $8M, adjusted loss $61M; full-year adj. EPS $6.15
Phillips 66
2024-FY EPS reported
$4.99
revenue$143,153,000,000
- Q4 net earnings $8M ($0.01 diluted EPS); adjusted loss of $61M (-$0.15/sh) after $230M LA refinery accelerated depreciation.
- Full-year 2024 earnings $2.1B ($4.99/sh); adjusted earnings $2.6B ($6.15/sh); operating cash flow $4.2B.
- Returned $5.3B to shareholders in 2024 ($1.1B in Q4) through dividends and buybacks.
- Announced agreement to acquire EPIC's NGL business, expected to be accretive and integrated with existing infrastructure.
- Set new financial targets: debt reduction, lowered cost structure, EBITDA growth, returning over 50% of operating cash flow to shareholders.