---
schema_version: "secwatch.filing_event.v1"
accession: "0001534701-26-000020"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T01:46:22.687470+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Phillips 66 Q1 2026 earnings $207M ($0.51 EPS); adjusted EPS $0.49, dividend raised 7%

## Summary
- Earnings of $207M ($0.51 diluted EPS); adjusted earnings $200M ($0.49 adjusted EPS).
- Annualized quarterly dividend increased 7%; liquidity ~$6.0B at quarter end.
- Refining utilization 95% with 87% clean product yield; completed Lindsey Oil Refinery acquisition in April.
- Debt rose to $27.1B (48% debt-to-capital); cash from ops negative due to working capital.
- Progress on Iron Mesa gas plant (300 MMCFD) and Chemicals projects; Western Gateway Pipeline advanced.

## SEC filing metadata
- accession: 0001534701-26-000020
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1534701/000153470126000020/0001534701-26-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000153470126000020/psx-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534701-26-000020
- JSON: https://secwatch.observer/filing/0001534701-26-000020.json
- Plain text: https://secwatch.observer/filing/0001534701-26-000020.txt

## Key facts
- Earnings Releases
  Phillips 66 reported the quarter ended March 31, 2026 results: net income $207 million, EPS $0.51 per share.
  - Period: the quarter ended March 31, 2026
  - Net income: $207 million
  - EPS: $0.51 per share
  - Result: reported results
  source text: Reported first-quarter earnings of $207 million or $0.51 per share; adjusted earnings of $200 million or $0.49 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534701/000153470126000020/0001534701-26-000020-index.htm

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