---
schema_version: "secwatch.filing_event.v1"
accession: "0001534701-25-000092"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2025-04-25T23:59:59+00:00"
generated_at: "2026-05-23T05:49:26.776847+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Phillips 66 Q1 adjusted loss $368M; reported earnings $487M on $2.0B asset sale proceeds

## Summary
- Reported Q1 earnings $487M ($1.18 diluted EPS); adjusted loss $368M ($0.90 loss per share).
- Includes $246M pre-tax accelerated depreciation on Los Angeles Refinery; cites large spring turnaround program.
- Returned $716M to shareholders via dividends and buybacks.
- Received $2.0B cash from sales of stakes in Coop Mineraloel AG and Gulf Coast Express Pipeline.
- Sanctioned new Permian gas processing plant; closed EPIC Y-Grade acquisition.

## SEC filing metadata
- accession: 0001534701-25-000092
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2025-04-25T23:59:59+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/1534701/000153470125000092/0001534701-25-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000153470125000092/psx-20250425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534701-25-000092
- JSON: https://secwatch.observer/filing/0001534701-25-000092.json
- Plain text: https://secwatch.observer/filing/0001534701-25-000092.txt

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