---
schema_version: "secwatch.filing_event.v1"
accession: "0001534701-25-000035"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2025-01-31T23:59:59+00:00"
generated_at: "2026-05-27T04:40:29.432923+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Phillips 66 Q4 earnings $8M, adjusted loss $61M; full-year adj. EPS $6.15

## Summary
- 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.

## SEC filing metadata
- accession: 0001534701-25-000035
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2025-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1534701/000153470125000035/0001534701-25-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000153470125000035/psx-20250131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534701-25-000035
- JSON: https://secwatch.observer/filing/0001534701-25-000035.json
- Plain text: https://secwatch.observer/filing/0001534701-25-000035.txt

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