secwatch.observer — SEC 8-K summary
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Issuer:     Phillips 66 (PSX)
CIK:        0001534701
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001534701-26-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534701/000153470126000020/0001534701-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534701/000153470126000020/psx-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001534701-26-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer