Phillips 66 Q4 Earnings Top Estimates on Higher Realized Refining Margins

Key Takeaways Phillips 66 posted Q4 adjusted EPS of $2.47, beating estimates and reversing a year-ago quarterly loss.PSX refining swung to profit as worldwide realized margins nearly doubled from last year's levels.Phillips 66 saw higher midstream earnings and cash flow, while chemicals and renewables weighed on results.Phillips 66 (PSX) reported fourth-quarter 2025 adjusted earnings of $2.47 per share, which beat the Zacks Consensus Estimate of $2.11. The bottom line also improved from the year-ago quarter ...