NYSE$PSX

Phillips 66 · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Phillips 66 reported Q1 2025 sales and operating revenues of $30.4B with net income attributable to Phillips 66 of $487M and diluted EPS of $1.19.

Sales and other operating revenues were $30.4 billion for the quarter ended March 31, 2025. Net income attributable to Phillips 66 was $487 million ($1.19 diluted EPS). Refining margins, midstream volumes, and return of capital feature in outlook commentary.

  • Q1 sales and operating revenues $30.4B.
  • Net income to Phillips 66 $487M; diluted EPS $1.19.
  • Refining and marketing capture margin environment.
  • Commodity prices and turnaround timing affect results.

Headline financials

Total Revenue

$30.4B

Previous: $35.8B-15.0%
EPS (adj)

$1.19

Previous: $1.73-31.2%
Crude capacity utilization

80.0%

Previous: 94.0%-14.9%
Realized refining margin

$6.81

No prior period
Turnaround expense

$270M

No prior period
Capital Expenditures

-$423M

No prior period
Net Income

$487M

Previous: $748M-34.9%
Operating Income

$648M

Previous: -$34.6B+101.9%
Gross Profit

$345M

Previous: $3.43B-89.9%

Revenue & EPS history

Phillips 66 · Revenue · Quarterly

$30.4B

Q1 2025-15%vs Q1 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

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 2025

Historical avgQ1 2025

-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

Earnings price reactions
QuarterReport dateReaction (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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro