Phillips 66: Q1 Earnings Insights

Phillips 66 (NYSE:PSX) reported its Q1 earnings results on Wednesday, May 3, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Phillips 66 beat estimated earnings by 18.26%, reporting an EPS of $4.21 versus an estimate of $3.56.

Revenue was down $1.63 billion from the same period last year.

Last quarter the company missed on EPS by $0.35 which was followed by a 2.27% drop in the share price the next day.

Here's a look at Phillips 66's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	4.35	4.91	5.78	1.22
EPS Actual	4	6.46	6.77	1.32
Revenue Estimate	39.12B	39.47B	43.21B	36.61B
Revenue Actual	40.91B	48.76B	49.31B	36.72B

To track all earnings releases for Phillips 66 visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.