Phillips 66

Q2 FY2026 EarningsQ2 FY26 adjusted EPS of $9.41 significantly beat the consensus of $7.50 (+25.46%), driven by robust refining margins and record midstream volumes. Net income reached $3.8B, far exceeding the $3.1B expected, while net debt was aggressively reduced by $6.6B to $16.5B. Although revenue data was not explicitly disclosed in the highlight table, operational metrics like a 96% refining utilization and record LPG exports underscore a massive operational beat across the integrated portfolio.