Here's What Key Metrics Tell Us About Phillips 66 (PSX) Q3 Earnings

Core Insights - Phillips 66 reported a revenue of -$999 million for the quarter ended September 2025, marking a significant decline of 102.8% year-over-year, while EPS increased to $2.52 from $2.04 in the same quarter last year [1] - The reported revenue was below the Zacks Consensus Estimate of $30 billion, indicating no surprise, while the EPS exceeded expectations by 21.74% against a consensus estimate of $2.07 [1] Financial Performance Metrics - The refining margins varied across different regions, with worldwide refining margins at $12.15 per barrel, slightly below the average estimate of $12.21, and Gulf Coast margins at $8.74, significantly lower than the estimated $9.90 [4] - Total petroleum products sales volumes reached 2,375 thousand barrels, surpassing the average estimate of 2,255.45 thousand barrels [4] - Sales and other operating revenues amounted to $34.52 billion, exceeding the average estimate of $31.24 billion, but reflecting a year-over-year decline of 2.9% [4] - Equity in earnings of affiliates was reported at $337 million, above the average estimate of $315.92 million, but down 38.6% year-over-year [4] - Other income increased to $116 million, significantly higher than the estimated $40.03 million, representing a year-over-year growth of 38.1% [4] Stock Performance - Over the past month, shares of Phillips 66 have returned -1.7%, contrasting with the Zacks S&P 500 composite's increase of 3.8% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]