Phillips 66 Beats Q3 Earnings and Revenue Estimates
Key Facts
Phillips 66 reported non-GAAP EPS of $14.08 for the third quarter of 2026, surpassing analyst estimates by $2.29. According to Seeking Alpha, the company's revenue reached $51.5 billion, exceeding expectations by $8.27 billion.
PSX closed at $268.53 on October 27, 2026, prior to the release of financial results that demonstrated significant outperformance in top and bottom-line metrics. The stock traded between a low of $267.33 and a high of $287.88 during the October 27, 2026 session.
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Update: Ongoing tensions in the Middle East boosted Phillips 66's refining margins by driving higher demand for US fuel exports. This increase in export activity served as a primary driver for the company's significant third-quarter earnings outperformance.