Phillips 66 · PSX · Next earnings

Phillips 66 reports Wednesday, Feb 3, 2027

PSX reports before market open with consensus EPS at $10.94 and revenue at $46.81B. Last quarter: Phillips 66 posts strong Q3 as utilization and midstream growth support outlook

Reports Before market open91 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $10.94 Calendar consensus
Consensus revenue $46.81B Calendar consensus
Report date Feb 3, 2027 Wednesday, date estimated
Session Before market open 91 days away

Where PSX left off: FY2026 Q3

Full report

Phillips 66 posts strong Q3 as utilization and midstream growth support outlook

EPS surprise +20.0% Reported $14.08 vs $11.73
Revenue surprise +4.6% Reported $46.96B vs $44.91B
Stock move +1.9% Event window
Subsequent drift 0.0% Up to 20 sessions

Maintained. Management expressed confidence in continued mid-single-digit midstream EBITDA growth and continued disciplined shareholder returns, while advancing the company's infrastructure and chemicals project pipeline.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Widening WCS-WTI differentials could pressure earnings.
  • Refining margins may normalize toward mid-cycle levels.
  • Large projects face timing, cost-overrun and capital-allocation risks.

Questions analysts left open

  • The effect of widening WCS-WTI differentials on earnings.
  • The sustainability of dividend increases and future payout levels.
  • Balance-sheet flexibility around debt maturities and Western Gateway capital needs.

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Recent PSX quarters

All PSX earnings
+1.9%FY2026 Q3-1.6%FY2026 Q2+5.1%FY2026 Q1+4.5%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.