Phillips 66 (PSX) Q3 2026 (USD): Adj. EPS 14.08 (exp. 11.73)
ORIGINAL · NewsquawkPhillips 66 (PSX) Q3 2026 (USD): Adj. EPS 14.08 (exp. 11.73)Read originalHide original
Refining utilisation of 98%, with record Central Corridor processed inputs of 848k bpd, record distillate yield of 41% and clean product yield of 86%. Midstream fractionation volumes of 1mln bpd, wellhead volumes of 4.6bcf/d and Freeport LPG export dock utilisation of 105%. Returned USD 2.8bln to shareholders through dividends and buybacks, reduced total debt by USD 2.0bln to 18.5bln and net debt by USD 3.8bln to 12.7bln. Targets returning over 50% of net operating cash flow to shareholders and sustainable dividend growth.
Phillips 66 reported Q3 2026 adjusted EPS above the stated expectation, operating metrics, USD 2.8bln in shareholder returns, reduced debt, and capital-return targets.
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Refining utilisation of 98%, with record Central Corridor processed inputs of 848k bpd, record distillate yield of 41% and clean product yield of 86%. Midstream fractionation volumes of 1mln bpd, wellhead volumes of 4.6bcf/d and Freeport LPG export dock utilisation of 105%. Returned USD 2.8bln to shareholders through dividends and buybacks, reduced total debt by USD 2.0bln to 18.5bln and net debt by USD 3.8bln to 12.7bln. Targets returning over 50% of net operating cash flow to shareholders and sustainable dividend growth.
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