NYSE$PSX
Phillips 66 · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported earnings and generated strong cash flow amidst volatile market conditions.
Phillips 66 reported first-quarter earnings of $582 million, or $1.29 per share, and adjusted earnings of $595 million, or $1.32 per share. The company generated $1.1 billion of operating cash flow and repaid $1.45 billion of debt in April. They also announced a plan to restart share repurchases.
- Reported first-quarter earnings of $582 million or $1.29 per share; adjusted earnings of $595 million or $1.32 per share
- Generated $1.1 billion of operating cash flow; $1.3 billion excluding working capital
- Repaid $1.45 billion of debt in April
- Announced plan to restart share repurchases
Headline financials
Revenue & EPS history
Phillips 66 · Revenue · Quarterly
$36.2B
Forward guidance
Phillips 66 expects continued strong performance in the second quarter and believes current market conditions will allow them to increase shareholder returns by restarting share repurchases and increasing the dividend. They plan to repay additional debt this year.
Tailwinds
- Expect continued strong performance in the second quarter
- Restarting share repurchases
- Increasing the dividend
- Plan to repay additional debt this year
- Advancing Frac 4 construction at the Sweeny Hub
Headwinds
- Volatile market environment
- Seasonally lower margins across businesses
- First-quarter results were lower quarter-on-quarter
- Lower marketing margins mainly resulting from rising spot prices
- Seasonally lower demand
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.2%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.1%
Avg return
30 days after
49%
30 / 61 earnings
Positive
+6.0%
Q3 2019
Best reaction
-7.9%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.4% | +8.1% | +6.5% | |
| Q4 2025 | +5.4% | +6.4% | +12.1% | |
| Q3 2025 | +3.5% | +3.2% | +2.5% | |
| Q2 2025 | +0.1% | -0.3% | +6.7% | |
| Q1 2025 | -0.7% | -0.6% | +8.1% | |
| Q4 2024 | -2.5% | +2.1% | +7.3% | |
| Q3 2024 | -5.3% | -6.9% | +3.5% | |
| Q2 2024 | +3.6% | -4.7% | -2.8% | |
| Q1 2024 | -3.6% | -10.8% | -9.3% | |
| Q4 2023 | +2.2% | +3.4% | +1.3% | |
| Q3 2023 | +2.1% | +5.4% | +7.7% | |
| Q2 2023 | -1.5% | -0.6% | +4.5% | |
| Q1 2023 | -2.6% | -0.8% | +2.4% | |
| Q4 2022 | -7.9% | -7.2% | -0.6% | |
| Q3 2022 | -1.0% | -0.8% | +3.6% | |
| Q2 2022 | -0.6% | -2.8% | +4.7% | |
| Q1 2022 | +2.3% | +10.3% | +16.6% | |
| Q4 2021 | -1.2% | +2.2% | -1.3% | |
| Q3 2021 | +1.8% | +2.9% | -9.8% | |
| Q2 2021 | -2.5% | +0.7% | -4.8% | |
| Q1 2021 | +3.5% | +4.8% | +3.8% | |
| Q4 2020 | -5.7% | -0.2% | +16.2% | |
| Q3 2020 | +4.3% | +4.2% | +41.9% | |
| Q2 2020 | -3.1% | -1.8% | -2.1% | |
| Q1 2020 | +0.4% | -1.7% | +7.0% | |
| Q4 2019 | -7.7% | -3.9% | -22.4% | |
| Q3 2019 | +6.0% | +5.3% | +5.4% | |
| Q2 2019 | +1.2% | +1.0% | -6.3% | |
| Q1 2019 | -3.7% | -6.1% | -13.9% | |
| Q4 2018 | +2.7% | +4.8% | +2.8% | |
| Q3 2018 | +0.0% | +4.4% | -9.6% | |
| Q2 2018 | +5.3% | +6.0% | +2.8% | |
| Q1 2018 | -1.1% | +1.8% | +2.7% | |
| Q4 2017 | -5.6% | -5.2% | -9.4% | |
| Q3 2017 | -0.2% | +1.2% | +2.7% | |
| Q2 2017 | +3.5% | +2.2% | +0.1% | |
| Q1 2017 | +1.9% | +2.0% | -0.8% | |
| Q4 2016 | -2.4% | -2.7% | -3.3% | |
| Q3 2016 | +1.5% | -2.1% | +6.1% | |
| Q2 2016 | -2.6% | +3.2% | +3.1% | |
| Q1 2016 | -6.4% | — | — | |
| Q4 2015 | +1.0% | — | — | |
| Q3 2015 | +4.8% | — | — | |
| Q2 2015 | -0.6% | — | — | |
| Q1 2015 | +0.8% | — | — | |
| Q4 2014 | +2.9% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | -1.6% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | +3.5% | — | — | |
| Q1 2013 | -1.1% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q4 2012 | +1.2% | — | — | |
| Q3 2011 | -2.0% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2011 | +4.6% | — | — | |
| Q2 2012 | +1.9% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q1 2012 | -6.0% | — | — | |
| Q1 2011 | — | — | — |
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